QIMA acquires stake in London-based supply chain resiliency startup Kavida.ai
QIMA, the provider of quality control and supply chain compliance solutions, announced it has invested in Kavida.ai, a London-based startup that builds supply chain digital replicas and uses artificial intelligence to help enterprises prevent and mitigate supply chain disruptions in real-time or before they occur.
Founded in 2020, Kavida.ai builds digital twins of enterprise supply chains to gain a 360-degree view of all types of disruption risks. 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 addresses a pain made strikingly obvious during the COVID-19 crisis, which unearthed vulnerabilities in global supply chains.
Sebastien Breteau, Founder and CEO, QIMA: "At QIMA, we are always on the look 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. Kavida.ai's expertise in supply chain data science will be a great source of synergies with our own tech products, especially our SaaS platform QIMAone."
Anam Rahman, CEO, Kavida.ai: "Where QIMA focuses on endogenous quality and compliance risk, Kavida.ai covers exogenous risk (such as weather and port disruptions). It's an ideal strategic partnership, and both parties will be collaborating to pioneer the next era of supply chain risk management.''