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A dispatch and routing platform to improve deliveries

More and more people are doing their shopping from home these days, and whether they’re ordering groceries, home office equipment, or Covid-19 tests, they increasingly expect their deliveries to be fast and on time.

Companies have struggled to keep up with the rise in orders and expectations. One of their biggest challenges is optimizing the so-called last mile of delivery — when a driver takes packages from a regional hub to their final destination.

Now Wise Systems, a startup that began as a class project at MIT, is offering a dispatch and routing platform designed to make the last-mile delivery experience better for everyone, from drivers to dispatchers to customers.

Wise Systems’ routing solution is built on algorithms and machine learning models that continually improve as they gather more data. The company’s web app, meanwhile, gives a high level of visibility into fleet operations in real time. The mobile app also leverages an often-underappreciated asset in the industry: the drivers on the ground. It enables them to make notes on unique stops, communicate with dispatchers, and confirm deliveries.

“Drivers, regardless of the technology they use, are very, very knowledgeable about every one of their stops and every one of those parts of town, so we believe in harnessing their knowledge to make their experience better,” says Vice President of Customer Experience Layla Shaikley SM ’13, who co-founded Wise Systems with CEO Chazz Sims ’13, SM ’14; CTO Ali Kamil ’16; and COO Jemel Derbali.

The founders began working on Wise Systems in 2014 but say they’ve felt the sense of urgency among customers increase during the pandemic.

“Ultimately what we’re interested in is the perfect delivery experience,” Shaikley says. “What that really means is something that’s predictable, cost-effective, and automated for the people using the product.”

A class project worth pursuing

The founders met in the 2014 Development Ventures class at MIT’s Media Lab, a course that challenges students to come up with ideas that have the potential to impact a billion lives. With the MIT Center for Transportation and Logistics (CTL), they began exploring ways to use machine learning and data to improve last-mile delivery.

That summer the founders entered the delta v accelerator hosted by the Martin Trust Center for MIT Entrepreneurship, where they were introduced to companies who would help them hold their first pilots. Delta v was one of several ways MIT helped the founders early on.

“What resource didn’t we use at MIT?” Shaikley jokes. “We applied for every award. I won the Caroll Wilson award; Ali got a transportation scholarship as a graduate student; we did every pitch competition; we were involved in the MIT $100K Entrepreneurship Competition. We definitely used every resource possible. We walked into professor Edward Blanco’s office one day and said, ‘We’re starting a company, can you advise us?’ He said, ‘Absolutely.’ To this day, the network is so supportive. We were also in [the MIT Startup Exchange’s] STEX25 startup accelerator. Doors are always opening for us.”

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Shippeo Tops 103% Annual Growth, Becomes World’s Most Recommended Real-time Transportation Visibility Provider

Shippeo, a global leader and European specialist in real-time transportation visibility, announced today 103% year-on-year growth in subscription revenues and 181% net retention rate. The visibility solutions provider maintains the fastest growing customer base in Europe, having expanded its presence globally with the acquisition of several new high-profile customers currently being deployed in North America, Latin America, and APAC.

Since January, Shippeo has welcomed several new large international brands, including Coca-Cola HBC, one of the largest strategic bottling partners of The Coca-Cola Company; Nexans, a global player in energy transition; XPO Logistics, an American freight transportation company; and Woco Group, a global automotive component specialist, who supplies major OEMs.

A number of other category-leading brands have also chosen Shippeo’s real-time visibility solution, including Sappi, a leading producer of coated graphic paper, packaging and specialty papers; Conad, an Italian retail brand operating one of the largest supermarket chains in Italy; Fnac Darty Group, a French multinational electrical retailing company; Studio Moderna, an e-commerce company primarily operating across Central and Eastern Europe; and IDS, a Dutch 4PL logistics control tower specialist.

“Our very high net retention rate is a direct result of customers choosing to take fuller advantage of our expanding product portfolio, which now includes dock visibility and paperless visibility. Our ocean visibility has also become particularly popular as factors including Covid, the Suez blockage, and a global shortage of containers only intensifies the focus on the performance of this critical transport mode,” says Lucien Besse, COO of Shippeo.

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Did you catch all our latest SAP.iO Venture Studio highlights?

July — September 2021 | Achievements & News from SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It invests in new ventures founded by small, entrepreneurial teams inside of SAP who are focused on building the future of enterprise business processes. SAP.iO Venture Studio provides design, development, and sales support to help these ventures launch. Find more on sap.io/studio.

Autumn is upon us which means another three months have passed! Despite the summer break in many regions of the world, SAP employees have continued to take charge of their venture, pursued the freedom to shape their own strategy and taken their own decisions, also accelerating their own personal growth. Find the highlights of recent events and developments below:

 

The SAP.iO Venture Studio has welcomed a new venture to their portfolio. Yet to be named, it already had its first outing back at SAP’s customer flagship event.

We’ll share more on the venture soon!

Brilliant Hire by SAP

Brilliant Hire by SAP intelligently matches candidates with a personalized shortlist of jobs on your careers page based on what really matters to them, using Artificial Intelligence (AI).

  • Brilliant Hire is now live on the SAP Store!
  • Despite already having mentioned their latest video in last quarter’s edition, we nevertheless wanted to highlight it once more. Watch and read how their product elevates the candidate experience with smart job matching.

More on this venture on https://www.brillianthire.io/

GreenToken by SAP

GreenToken by SAP is a supply chain solution that offers companies new levels of transparency through reliable, blockchain-based information. Gain visibility into where raw materials came from and produce products with knowledge about where and how the materials were produced, even in complex, non-batch supply chains.

  • After featuring prominently in the global opening CEO keynote at SAPPHIRE 2021 and announcing their collaboration with Eastman Chemicals, the partners got together for yet another project, in the form of a 24-hour hackathon. Read more on the event in this blog post on LinkedIn: 24 hour Hackathon delivers cool consumer ‘App’​
  • Further, Eastman also strengthened their commitment to GreenToken and a more sustainable future by mentioning the venture in their quarterly update for investors: “In addition, we continue to drive the circular economy platform from every angle, including digital. We are proud to highlight our collaboration with SAP GreenToken technology. The Eastman and SAP collaboration will leverage the blockchain-based platform of GreenToken to provide visibility through the value chain of sustainable products, such as the specialty plastics produced with Eastman’s molecular recycling technologies. Through data transparency enabled by blockchain, the platform is designed to give brands and consumers traceable information of sustainable attributes of products, including their percentage of certified recycled content.”

More on this venture on http://www.green-token.io/

Paid Promptly by SAP

Paid Promptly by SAP drives cash into your business faster by automating receivable processes. Deliver a seamless, personalized, customer experience through Paid Pronto’s automated communication solution, beginning when an invoice is first released until payment is received.

  • Brilliant Hire has a new General Manager! Paul Parter has taken over the task from Erin Dierker who is on to a new academic chapter at Stanford Business School. We’re wishing both all the best!

More on this venture on https://www.paidpromptly.io/

EverLoop by SAP

EverLoop by SAP aims to empower every business on the planet to achieve zero waste by being a sustainability solution that connects stakeholders across the waste value chain to enable the circular economy, with transparency and traceability.

  • Read here about the founders’ journey and how they developed an idea that was initially discussed over coffee into a product!
  • The team will be from now also sharing updates on their LinkedIn channel, so don’t forget to follow them on their journey of enabling the circular economy through transparent and easy e-waste disposal and recycling management.

More on this venture on https://everloopbysap.webflow.io/

SourceAgent by SAP

Great sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution.

  • The venture celebrated their six months anniversary on September 1! If you need a throwback, re-read their investment announcement from our 2020/2021 cohort here.
  • The team will be from now also sharing updates on their LinkedIn channel, so don’t forget to follow them on their journey of building the future of sourcing.
  • Their pilot program is currently open. Visit their website or email sourceagent@sap.com to learn more.

More on this venture on https://www.sourceagent.io/

Starting a corporate venture: From idea to funding

Co-Founders of EverLoop by SAP

Sometimes the best ideas just come from chatting over a coffee: The founders behind EverLoop by SAP share insights on how they started their business, what hurdles they had to overcome along the way and what makes a successful team.

Co-Founders of EverLoop by SAP

When and how did you know you had a viable idea for a start-up?

So, you have a problem to solve. Now what?

Which difficulties did you have to overcome in your first months as co-founders?

What plans do you have for the future?

About EverLoop by SAP

About SAP.iO Venture Studio

 

Pexapark’s new service to ‘close trading knowledge gap’ for corporates buying green energy

Pexapark, a provider of software and advisory services for a post-subsidy renewable energy world, has launched a new offering aimed at corporates, as an increasing number enter the market for renewable energy.

Last year saw record numbers of corporations purchasing clean power and that record is set to be broken again in 2021, as corporates increasingly turn to clean power for their energy needs.

According to Pexapark data, the number of corporates signing power purchase agreements (PPAs) in 2021 is up 37 per cent on 2020, year-to-date.

This shift is being driven both by energy-intensive industrial companies, such as manufacturers, for whom energy forms a large proportion of their costs, and consumer-facing corporates transitioning to renewable energy as part of their decarbonisation and environment, social and governance (ESG) goals.

As generators of renewable power are mitigating against merchant market risk by equipping themselves with the tools to negotiate 10 to 15 year PPAs, so too are corporations looking to go green with their energy consumption.

Traditionally, corporate buyers have procured energy over one to three-year terms, but in the new world of renewable energy trading, they are having to hedge procurement risk over much longer time periods.

With demand for renewable energy growing, consumer-facing corporates – such as retailers – are signing virtual PPAs for the first time to demonstrate that their operations are being powered by green energy.

Meanwhile, more sophisticated industrial energy buyers are increasingly turning to PPAs as they too face rising ESG pressure to decarbonise their value chain. This type of corporate organisation is capitalising on the added-value brought about by renewable energy which makes them more competitive and puts them in stronger negotiating positions for big industrial contracts.

To do this successfully, however, they need to fill the gaps in their existing energy trading expertise. PPAs are one way of doing this, enabling them to hedge against price volatility and reduce the cost of energy consumption.

Pexapark and its suite of quantitative and analytical tools, can help corporates understand the fair value of energy and how to price risks, in exactly the same way that sellers are having to in this new world of post-subsidy energy trading.

Pexapark’s pre-transaction advisory services to both experienced energy traders in industrial corporations, as well as those corporates seeking to ensure their operations are powered by renewable energy, by helping to compare different PPA structures and look at the overall value of PPAs across their total duration.

Rommero Carrillo, Head of Corporate PPA Desk at Pexapark, said: “As the global energy transition continues at pace, it is clear that corporates don’t want to be left behind and are increasingly turning to renewable energy to power their operations”.

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Archlet named Future 5 Procurement software start-up of 2021 by Spend Matters

Spend Matters, the leading source for Procurement solution intelligence, declared Archlet a ‘Future 5’ Procurement software vendor for 2021. For the 8th year in a row, Spend Matters has released its annual “50 Procurement Providers to Know” and “50 Procurement Providers to Watch” lists — plus the 3rd annual “Future 5” list of noted start-ups. Each year, their technology analysts assess the capabilities for an array of companies across 10 procurement technology market sectors to determine the lists totaling 105 vendors in the industry. These represent the best-in-class companies you need to know about as well as the up-and-coming, growing firms to keep your eye on. The announcement took place at the SIG Executive Summit in Carlsbad, California, USA, yesterday.

The recognition as ‘Future 5’ Procurement software provider highlights Archlet’s innovative approach to democratizing advanced features like optimization in sourcing and making them accessible to a larger audience. Optimization and scenario-based analysis are usually only used in highly complex events and high spend categories like transportation, where it is used by extensively trained power users with a background in mathematics. Archlet is making these capabilities available to every Procurement manager in every sourcing event, independent of spend category or complexity and therefore unlocks new savings opportunities for organizations.

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Humanly.io Now Available On SAP Store

HUMANLYHR Inc., doing business as Humanly.io, today announced that its Recruiting Automation and Interview Intelligence solution is now available on SAP® Store, the online marketplace for SAP and partner offerings. The company’s conversational AI for recruiting platform integrates with the SAP® SuccessFactors® Recruiting solution and delivers more efficiency and equity to a company’s candidate screening and selection process.

“Humanly.io’s solution integrates with SAP SuccessFactors Recruiting to help mutual clients use conversational AI to measure unconscious bias and what is happening inside the interview,” says Prem Kumar, CEO and co-founder of Humanly.io.

“It’s exciting to see Humanly.io apply linguistic theory to real-world problems. As someone who researches language and social bias, it’s especially gratifying to advise them in their efforts to improve equity during the hiring process,” comments Dr. Katherine Hilton, Linguist and Lecturer at Stanford University and Humanly.io Strategic Advisor.

Humanly.io offers two editions of its solution on SAP Store: Interview Intelligence Edition and Recruitment Automation Edition. Integrated with existing video conferencing solutions like Microsoft Teams, Zoom, and Google Meet, the company’s Interview Intelligence transcribes and analyzes each virtual interview meeting. Talent acquisition leaders use the weekly, monthly, and quarterly interview analytics to apply prescriptive coaching to improve communication behavior and deliver a more consistent and fairer candidate experience.

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Clarisights Secures $14 Mn Series A To Help Solve The Attribution Puzzle

Clarisights, an SaaS marketing intelligence startup that offers reporting solutions has raised $14 Mn in a seed round led by Sequoia Capital India. Other participants in the round include OMERS Ventures and angel investors like Guillaume Cabane, Zach Coelius, Max Altschuler, Connor Murphy, Jens Lapinski.

The Clarisights platform lets companies connect marketing data to sales data that makes it easier for them to measure the performance of marketing strategies and attribute sales.

The Bengaluru and Palo Alto based startup founded in 2018 by Ankur Gupta and Arun Srinivasan. It describes its product as a data ingestion and analytics platform that enables marketers to visualise and derive insights from.

The platform has an in-browser interface that allows marketers to add sources like website analytics and digital advertising data. The backend then does necessary transformations, allowing the marketer to access the data and build interactive visualisations and dashboards.

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Airwallex Named to the 2021 CB Insights Fintech 250 List; Recognized as Top Fintech Startup for Fourth Successive Time

CB Insights today named Airwallex to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.

“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”

Lucy Liu, Co-founder and President of Airwallex said, “As a leading global fintech business, we are delighted to have been recognized by CB insights in all four of their Fintech 250 lists, which is a testament to Airwallex’s tremendous growth since our inception in 2015. This is just the beginning, and as we continue to expand globally, we remain committed to our mission of empowering businesses of all sizes to grow without borders.”

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees.They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

Founded in 2015, Airwallex is one of the fastest-growing global fintech platforms today and has seen significant business growth in the last year, recording a year-over-year revenue growth of nearly 150% for the first half of 2021, and processing more than annualised US$20 billion for a global client portfolio that has quadrupled in size, serving innovative global businesses such as GOAT, Papaya Global and Stake. The company has nearly doubled its headcount in 2021 and employs almost 1,000 employees today in over 20 locations globally. In September 2021, the company announced its US$200 million Series E fundraising round, valuing the company at US$4 billion. This year, Airwallex launched a series of new products and reached major milestones with its global expansion plans, opening for business in the U.S. in August, as well as securing an EMI license in the Netherlands and a Money Services Business license in Malaysia.

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Wisy is now an SAP Silver Partner

Wisy announced today that it has achieved SAP silver partner status in the SAP® PartnerEdge® program. This is a clear indication of the high level of quality Wisy provides to businesses using SAP solutions.

According to Wisy´s CEO Min Chen,”Wisy’s artificial intelligence combined with SAP technology is a powerful solution to help consumer products companies improve on-shelf-availability and reduce out-of-stocks with real-time factual data from any point-of-sale. The SAP and Wisy partnership enables companies to modernize their retail execution capabilities unlocking next-level data, analytics, and automation to future-proof their business.”

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The Mom Project Secures $80M in Series C Funding

The Mom Project, the leading platform for moms to discover their economic potential, announced today an $80 million Series C funding round led by growth investment firm Leeds Illuminate. Additional participants include existing investors 7GC, Initialized Capital, OCA Ventures, Citi, High Alpha and Grotech Ventures alongside Silicon Valley Bank.

The Series C round represents the largest global investment ever made in female workforce technology.

“It’s long past time we stop underestimating and undervaluing mothers in the workforce,” said Stephanie Nieman, Managing Director at Leeds Illuminate. “We’re investing in The Mom Project because we believe the potential for continued growth within this business is extraordinary.”

The new funds will accelerate the company’s goal to connect moms on its platform with more than $1 billion in economic opportunity in the next two years through investments in product development, distribution and team growth.

“We’ve demonstrated to the market that betting on moms is good business,” said Allison Robinson, The Mom Project founder and CEO. “We’ve seen 20x growth over the last three years and are eager to leverage this momentum and the trust and equity we’ve earned with moms and our customers and partners to continue building and expanding the reach of category-defining solutions that reshape how work evolves to meet the needs of modern families.”

The investment comes at a crucial time for moms and their families, who were some of the hardest hit during the coronavirus pandemic. In 2020, 2.3 million women left the U.S. workforce—either through job loss or being forced to quit in order to care for their children—leading to the lowest levels of women in the labor force since the 1980s, prompting Vice President Kamala Harris to declare “a national emergency.”

The Mom Project has witnessed business leaders stepping up to the challenge, with companies identifying The Mom Project’s suite of hiring, upskilling and retention solutions as an effective way to solve pressing labor shortages while also addressing longer-term concerns around attrition, skill gaps and the need for greater diversity and empathy in the workplace.

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How SAP Is Tapping into Startup Innovation

Alexa Gorman, senior vice president and global head of SAP.iO Foundries and Intrapreneurship at SAP, was featured earlier this year by Handelsblatt, the German business newspaper, as one of the “100 female leaders moving Germany forward.”

After years working in business development and strategy roles, Gorman took on joint responsibility for SAP’s startup acceleration programs at the start of May, along with the intrapreneurship team that supports ambitious innovators within the company.

Creating a Win-Win-Win Scenario for Customers, Startups, and SAP

The SAP.iO Foundries program was created as a strategic business unit in 2017. “We saw a need to work more closely with startups in a curated way, as startup innovation was becoming increasingly important for our customers in their digital transformation journeys,” Gorman says. “With SAP.iO Foundries, we are offering them the innovative power of pre-selected startups whose solutions can integrate seamlessly with SAP solutions. And while most of the startups are at an early stage, we do a lot of due diligence to ensure that they will be long-term, viable partners of SAP.”

Gorman joined the team in 2017 and set up SAP.iO Foundry Berlin, the first of its kind in Europe. Located across 10 locations today, SAP.iO Foundries make up a global network of top-tier startup programs, including accelerators, that can enable startups to build and scale innovative software solutions that deliver value to SAP customers.

Over the past four years, Gorman and her team have been working with over 330 early-stage startups to bring them into the SAP ecosystem and make them the next generation of SAP partners.

“We encourage the startups to use or integrate with SAP technology and support them in doing so,” she explains. “In exchange, the startups expand their ability to scale more quickly through access to our customers and fast-track support to becoming an SAP partner. Thus, we can ensure that our customers have access to the latest and best startup innovation that increases the return on their investments in SAP.”

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Culture Amp Acquires Values Recognition Platform Disco

Culture Amp, the world’s leading employee experience platform, announced that it has acquired cultural values recognition company, Disco. Disco helps companies recognize and celebrate values-driven work, foster team appreciation and improve company culture across distributed teams.

Together the two companies will accelerate their shared vision of creating a better world of work by helping people feel more connected, valued, and engaged at a critical time for organizations.

The acquisition continues to enhance Culture Amp’s end-to-end employee experience platform, as it empowers companies to transform employee engagement, develop high performing teams, and retain talent.

“Values are at the heart of powerful cultures. Disco has pioneered a wonderfully simple yet powerful way of recognizing them every day,” said Didier Elzinga, CEO and co-founder of Culture Amp. “Critical to creating a better world of work is improving how we work. This acquisition allows us to expand the tools available to our customers to recognize their values at work, to bolster our flow of work and integration expertise, and to drive meaningful change and deeper insights across organizations.”

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Mercaux omnichannel research shows changing role of physical stores

A new report from Mercaux explores the changing role of the store and flags up the importance of capturing customer behaviours, now perceived as just as vital as selling products in bricks and mortar retail.

 

Research was carried out across 200 retailers (by Censuswide) and 2,000 UK consumers.

“It’s clear from our report that the retail industry is still in its infancy of digital transformation, but I’m buoyed by the progress that has been made in such a short period of time since stores reopened to the public,” says Olga Kotsur, CEO and Co-Founder, Mercaux.

“The role of the store has changed – it is no longer perceived as a simple sales channel, but instead a multi-purpose omnichannel centre.”

“What the findings confirm for me is that retailers have been busy setting the foundations of digital success – particularly during the past 18 months – by upgrading their existing and implementing new age backend systems, such as OMS.”

“They now find themselves at the next stage, on the very cusp of a digital transformation wave, finally allowing us to achieve our connected omnichannel retail aspirations. Exciting times ahead!”

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GreenPlat is first environmental startup to use blockchain

There are 2.90 dumps spread throughout Brazil , according to a survey by the Brazilian Association of Waste and Effluent Treatment Companies (Abetre). A difficult reality to deal with, but for five years now an environmental company called GreenPlat not only acts to mitigate the damages but also uses blockchain to track the correct path of waste treatment.

The Brazilian startup recently celebrated the milestone of more than 1 million tons of treated waste — with an average of thousand tons per day — which were accompanied by its platforms: PlataformaVerde, which serves the private sector, eae and CTR-e, for public entities. In addition to the garbage itself, its programs manage licenses, transport, raw materials and environmental indicators used in the process, such as water and carbon emissions.

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