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Seadronix raises $5.8M, round led by SoftBank Ventures Asia – TechCrunch

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South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a $5.8 million Series A extension to scale its AI-based ship berthing monitoring and navigation systems to help cargo ships navigate safely and assist port operators anchoring their vehicles at harbor. The fresh funds, led by SoftBank Ventures Asia, bring Seadronix's the total round up to $8.3 million. Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its "smart ports" are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. A smart port uses technologies including AI, big data, Internet of Things and 5G to provide more security and save energy by digitalizing the way huge ships enter docks and handle logistics at the ports.


Startups Apply Artificial Intelligence To Supply Chain Disruptions

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Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption. Interos Inc, Fero Labs, KlearNow Corp and others are using artificial intelligence and other cutting-edge tools so manufacturers and their customers can react more swiftly to supplier snarl-ups, monitor raw material availability and get through the bureaucratic thicket of cross-border trade. The market for new technology services focused on supply chains could be worth more than $20 billion a year in the next five years, analysts told Reuters.


Startups apply artificial intelligence to supply chain disruptions

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LONDON, May 3 (Reuters) - Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption. Interos Inc, Fero Labs, KlearNow Corp and others are using artificial intelligence and other cutting-edge tools so manufacturers and their customers can react more swiftly to supplier snarl-ups, monitor raw material availability and get through the bureaucratic thicket of cross-border trade. The market for new technology services focused on supply chains could be worth more than $20 billion a year in the next five years, analysts told Reuters.


Startups apply artificial intelligence to supply chain disruptions

The Japan Times

LONDON – Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multibillion dollar industry applying the latest technology to help businesses minimize the disruption. Interos Inc., Fero Labs, KlearNow Corp. and others are using artificial intelligence and other cutting-edge tools so manufacturers and their customers can react more swiftly to supplier snarl-ups, monitor raw material availability and get through the bureaucratic thicket of cross-border trade. The market for new technology services focused on supply chains could be worth more than $20 billion a year in the next five years, analysts told Reuters.


Hyundai Glovis, Swisslog join hands for smart logistics

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Hyundai Glovis' Vice President and Head of Future Business Center Park Man-soo (left) and Seng Teck Koh, the Asia-Pacific chief of Swisslog, shake hands during a recent signing ceremony of a sales rights deal. Hyundai Glovis, a logistics unit of Hyundai Motor Group, said Sunday it is launching a new smart logistics business supplying cutting-edge solutions for clients to better respond to the latest tech trends and improve operational efficiency overall. The market for smart logistics solutions, based on diverse technologies such as artificial intelligence, big data and robotics, is fast growing on the robust demand for larger and more sophisticated warehouses, especially for the burgeoning e-commerce industry. Hyundai Glovis said it will offer a total solution in the whole process of smart logistics, from consultations to system development and installation. The firm also plans to offer services on combining logistics centers for better efficiency.


IoT and AI to accelerate the Fleet Management System

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Due to mobility restrictions and limited supplies of essentials, the pandemic highlighted the importance of commercial vehicle fleets. It also emphasized the importance of technological solutions for effectively managing commodities movement. According to Fortune Business Insights, the global fleet management software industry will develop at a compound annual growth rate (CAGR) of 18.3 percent between 2022 and 2029. Fleet-tech is about utilising the capabilities of the Internet of Things (IoT) and Artificial Intelligence (AI) to achieve efficiency (AI). The drivers, their "khalaasis" (navigators), fleet managers, and fleet owners are at the heart of commercial fleets.


HDA Use Case

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A US-based well-funded pizza delivery startup service wanted to predict the ingredients that make up the most popular orders at any given location and predict the denser location. Experts from Frost Digital Ventures built and deployed a system that predicted demand at the ingredient level relative to each market location. This helped the pizza delivery team determine the most effective place for their orders and the most preferred meal by the customers. With the system, the number of accepted orders increased. There was a reduction in food waste because of proper inventory management.


Artificial Intelligence In The Cannabis Industry: From Production To Security And Distribution. - Benzinga

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AI is just about everywhere these days. It simplifies and expedites processes that would otherwise be done manually. Though once an exotic term of science fiction, it's now what greets you the moment you interact with the customer service page of any major retailer. It should be no surprise that AI has entered the cannabis sphere. Artificial intelligence has the capacity to boost production, improve efficiency, and even make the entire process more environmentally friendly.


Japan approves Zipline drone medical deliveries

ZDNet

Residents of Japan's remote Gotō Islands will have new access to medical supplies. The route comes via a partnership with Toyota Tsusho Corporation, a member of the Toyota Group, and Zipline, a drone logistics company. The rollout is the latest in a long line of international firsts for drone delivery that seems to be pointing toward a nearby future of routinized aerial delivery. Zipline's fixed-wing drones drop packages via parachute. This lineup of aerial hardware fits a variety of enterprise photography and video use cases.


Scale AI moves to scale supply chain AI startups with new funding, partnerships

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Scale AI, Canada's artificial intelligence (AI) cluster, has announced it is investing $24 million to support five AI projects in supply chain operations. The federally and Québec government-supported AI cluster is also partnering with MaRS to support the commercialization of 12 Canadian supply chain solutions AI startups. A number of startups and partners are sharing in the $24 million investment. AlayaCare, CIUSSS du Nord-de-l'Île-de-Montréal, Bien Chez Soi, Polytechnique Montréal, for example, are receiving $800,000 to use AI to optimize care worker resources, using data to streamline the organization of shifts by geographic area, schedules and skills. The largest investment of $3 million went to London Drugs Limited, Deloitte, TAP, Sanctuary AI, and Atlantia to develop an AI-powered supply chain model focused on forecasting supplier demand.