Welcome to Episode 58 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into one or more innovation accelerators on the Cloud Wars Horizon. This episode focuses on the supply chain startup Verusen.
Highlights
00:45 — This episode provides an update on a supply chain software startup that we profiled back in the summer as part of our Innovation Path Series at Cloud Wars Expo. Verusen makes supply chain software that leverages artificial intelligence (AI) and natural language processing (NLP) to help companies manage and govern their materials more effectively.
01:35 — As of today, Verusen officials say the company has helped customers manage more than $2 billion of inventory and nearly 3 million SKUs. Verusen has now achieved more than $53M in client-verified savings opportunities.
02:09 — One customer, a U.S.-based energy provider, said: “In addition to solving some of our process challenges, Verusen has also helped us identify significant inventory savings across our supply network.”
02:23 — Verusen has raised $25 million in Series B funding and aims to have its platform link partners for better, smarter, more efficient supply chains.
This Cloud Wars Horizon Minute is sponsored by Celonis, the market leader in process mining and execution management. The world’s top 2,000 process fanatics learned to fix process inefficiencies at Celosphere, the company’s annual conference, which was held November 9th and 10th in Munich, Germany. Sign up to watch the free virtual Celosphere 2022 stream here.
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