Conbo.ai is addressing the significant challenges faced by global supply chains, which are highly sensitive to various factors such as changes in demand, production levels, and geopolitical dynamics. Artificial intelligence (AI) and big data technologies offer solutions for improving efficiency and predictability within these supply chains. However, their effectiveness is constrained by the quality and availability of data. Key logistics hubs, including maritime terminals and train operators, encounter difficulties in digitizing their operations, which limits data collection and hinders operational efficiencies.
Founded by Eran Pereg and Reuven Sabi, Conbo.ai has developed a software-as-a-service (SaaS) platform that utilizes “artificial-intuition” to offer reliable digital solutions and analysis for critical supply chain hubs. The platform allows terminals and ports to streamline their operations, potentially reducing costs by up to 50% and boosting productivity by as much as 35%. This transformative capability is essential as many terminals have yet to modernize, with about 80% still relying on outdated data handling methods.
Conbo.ai’s system employs existing IP cameras within facilities to gather valuable operational data. Unlike traditional data collection solutions, such as mobile apps and RFIDs, Conbo.ai’s approach integrates easily without requiring new infrastructure or significant investment. Their technology provides actionable insights to stakeholders, improving overall operational management and decision-making in supply chains.
The market for such solutions is vast; thousands of terminal operations across maritime, rail, and air freight sectors could realize efficiencies amounting to billions of dollars. Conbo.ai’s platform is already operational in selected U.S. maritime terminals and is poised for expansion into Europe and Asia. Their funding, primarily from notable investors like theDOCK and others within the maritime field, has been instrumental in validating their business model and facilitating growth.
In a highly competitive landscape that includes hardware vendors, system integrators, and video analytics companies, Conbo.ai distinguishes itself by emphasizing data fusion and providing deep insights rather than merely integrating existing datasets.
With $2 million raised in their last funding round in December 2021, Conbo.ai is well-positioned to expand its geographic footprint and broaden its service offerings. The company’s innovative approach to solving longstanding inefficiencies in supply chain logistics presents a significant opportunity for stakeholders in the industry and positions them effectively in a rapidly evolving market.
Source link
