AI Startup Latest Funding Deal: Cohere raised $500M Series D round

Artificial Intelligence | Machine Learning | Machine Perception Datapred | Material Procurement Aid

Enterprise, Industrial Automation, Machinery, Raw Materials, Energy Management Lausanne, Vaud, Switzerland

Artificial Intelligence | Machine Learning | Machine Perception

Datapred | Material Procurement Aid

Industrial Automation, Machinery, Raw Materials, Energy Management

Lausanne, Vaud, Switzerland

Datapred is a machine learning solution for industrial buyers of raw materials. Datapred processes hundreds of data steams to provide 360 visibility to procurement professionals: on market dynamics and price trends, on their own buying performance, and on the interplay between procurement and operations.

Datapred uses machine learning to deliver 3-5% savings on your energy and raw material costs, year over year. Based on price, contextual and operational data, Datapred combines price predictions and cost/constraint optimization to generate purchase order recommendations telling you which volumes to buy and at what time. Datapred also isolates the factors affecting price risk for the energy or raw material you are buying and quantifies their potential impact on your costs and margins. You can use Datapred for spot transactions, term-based contracts, and long-term hedging.