The Kavida.ai platform builds digital twins of enterprise supply chains to gain a 360-degree view of all types of disruption risks in real time. The platform analyses live publicly available data - from sources such as Twitter, YouTube, news channels and more - and converts it into simulation mathematics to quantify the impact of emerging threats and identifies the optimal decisions to mitigate these threats, the company said in a press release.
QIMA – a leading provider of supply chain quality and solutions is the lead investor and strategic partner of Kavida.ai. The funding round was also joined by four minority investors: Sri Sharma, Pradeep Menon, Rohan Haldea and the PDS Multinational Group - a global design led sourcing platform with manufacturing facilities catering to major brands and retailers worldwide.
“The past 18 months have shown the vulnerabilities in global supply chains. Whether its climate change, political unrest or COVID-19, supply chain disruptions are increasing in frequency and severity. Enterprises need to ensure resiliency but they’re in a catch 22 situation - cost efficient supply chains are vulnerable ones. The good news is that technology can help without compromising competitiveness,” said Anam Rahman, chief executive officer at Kavida.ai.
“Digital Twins aim to provide a transformative framework that integrates big data and artificial intelligence algorithms with supply chain domain knowledge. This enhances supply chain resiliency and transparency by developing capabilities to predict and mitigate the impact of disruptions in advance. The critical enabler for this is integrating internal siloed data across supply chain operations with external disruption information on the internet,” said Sumit Sinha, chief technology officer at Kavida.ai.
“At QIMA we are always on the lookout for value-adding supply chain innovations. Hence, we are thrilled to support and join forces with the Kavida.ai team: we share the same ambition of making global supply chains more secure and resilient by leveraging the power of data. We expect meaningful synergies with our own tech products and teams, and are eager to help our 14,000 customers benefit from Kavida.ai features,” said Sebastien Breteau, QIMA founder and CEO.
Fibre2Fashion News Desk (KD)