Verusen and NTT DATA GSL Form Business Alliance to Transform SAP Materials and Inventory Management Deployments Through AI

As manufacturers and businesses ramp up the digital transformation of their supply chains to meet challenging times during the pandemic, Verusen, the Atlanta startup that leverages artificial intelligence (AI) and machine learning (ML)  to build the intelligent, connected supply chain, and NTT DATA Global Solutions Corporation (NTT DATA GSL), a leading SAP partner in Japan, providing digital transformation and information technology services worldwide together with NTT DATA Group alliance, today announced their new business alliance.  The collaboration utilizes Verusen’s cloud-based AI platform and real–time inventory data management capabilities to strengthen and optimize customers’ existing SAP supply chain and inventory management implementations. 

Verusen’s purpose-built AI platform provides a supply chain solution that transforms material data and inventory optimization to bring “material truth” to organizations. By analyzing and visualizing the inventory information stored at different locations, the solution helps clients reduce their inventory, increase working capital and prevent opportunity loss due to either excess or deficiency of inventory. The relationship marks the debut of the Verusen cloud platform in the Japanese market.

Read More…

SAP.iO & Publicis Sapient partner to mold the next generation of consumer engagement startups

Early stage strategic incubator, SAP.iO has joined forces with digital business transformation company Publicis Sapient to help shape the upcoming  SAP.iO Foundry Tel Aviv – startup accelerator program – batch of startups. The program  will focus on advanced marketing and commerce solutions that offer new ways for brands to improve consumer engagement. “For startup companies that develop relevant solutions, this is a unique opportunity to grow and go global ” says Lior Weizmann, who leads SAP.iO Foundry in Israel.

“A significant springboard for startups”

The SAP.iO Foundries are SAP’s global network of equity-free startup accelerators that help promising startups integrate with SAP solutions and accelerate their entry into a curated, inclusive ecosystem whose offerings can be easily accessed and deployed by SAP customers. Current locations of SAP.iO Foundries are in major startup hubs, including Paris, Berlin, Tel Aviv, Munich, New York, San Francisco, Singapore, Tokyo and Bangalore.

Publicis Sapient, which is part of the advertising giant Publicis, and an SAP client, will help SAP identify suitable startups from the global landscape to participate in the SAP.iO Foundry Tel Aviv – a 12 week program focused on elevating the very best startups with the very best solutions to the next level.

“In addition to partner with SAP and Publicis, which is a strategic achievement by itself, the start-ups that will participate the program and the joint solutions developed in it will be introduced by SAP and Publicis to their joint clients, which include some of the largest brands in the world. The initial exposure will be to the major consumer product companies, where we identify a strong need to strengthen the relationship with the end consumers,” Weizmann added.

The program is intended for enterprise software startups after their Seed or A round, that offer one or more of the following solutions: Personalized marketing, product discovery, social engagement, improved segmentation, consumer experience, 1st party consumer insights, new business models for direct-to-consumer marketing, and innovative integration use cases with Emarsys, SAP’s latest acquisition and a leading omnichannel customer engagement platform.

Read More…

SAP.iO and Publicis Sapient partner up for advanced marketing accelerator

SAP.iO, an Israeli early-stage venture arm for multinational software powerhouse SAP, has announced a partnership with Publicis Sapient for a startup accelerator program based in Tel Aviv. The program, which will last 12 weeks, will focus on advanced marketing and commerce solutions helping new brands improve consumer engagement. Publicis Sapient, part of advertising company Publicis and a SAP client, will work alongside SAP to identify startups across the world to participate in SAP.iO Foundry. The program will take place virtually and start in April 2021 after applications close and the startups are finalized. The deadline for companies to apply is February 26th.

“For startup companies that develop relevant solutions, this is a unique opportunity to grow and go global,” says Lior Weizmann, who leads SAP.iO Foundry in Israel. “In addition to partnering with SAP and Publicis, which is a strategic achievement by itself, the startups that will participate in the program and the joint solutions developed in it will be introduced by SAP and Publicis to their joint clients, which include some of the largest brands in the world. The initial exposure will be to the major consumer product companies, where we identify a strong need to strengthen the relationship with the end consumers.”Oded Lavie, VP of Innovation and Value Creation at Publicis Israel, added: “When we started exploring a collaboration with SAP, we understood that our combined expertise in technology and business, as well as our network of clients across major industries, could be a significant springboard for startups. We are excited to help our mutual clients, which include some of the biggest companies in the world, implement innovative solutions that address concrete business challenges and deliver immediate value.”

Read More…

Supply Chain Recovery Index monitoring business recovery in Europe

Shippeo, the European leader in real-time supply chain visibility, releases today an update of its “Supply Chain Recovery Index”.

Shippeo tracks nearly 10 million transport orders every year, from 140,000 carriers operating in more than 3,000 industrial sites and warehouses across Europe. Thanks to this data, Shippeo has built a weekly index to measure the business recovery in 4 industrial sectors on a European scale.

Read More…

Verusen raises $8 million to reconcile supply chain data using AI

Atlanta, Georgia-based Verusen, a startup leveraging AI to build a connected supply chain, today raised $8 million in a series A round co-led by Forte Ventures and Flyover Capital. The company says it will put the funds toward R&D as it expands the size of its workforce.

A recent PricewaterhouseCoopers report anticipated that companies would have to address the implications of their supply chains in regions affected by the coronavirus. For instance, they might have to secure future air transportation as supply and capacity become available or buy ahead to procure much-needed inventory and raw materials.

Read More…

SetSail nabs $26M Series A to rethink sales compensation

SetSail wants to upend the way sales people get compensated by paying them throughout the sales cycle, rather than a single commission after the sale closes. Today, the startup announced a $26 million Series A.

Insight Partners led the round with participation from existing investors Wing Venture Capital, Team8 and Operator Collective. Today’s investment brings the total raised to $37 million, according to the company.

SetSail connects to your CRM, email, calendar and other systems that have signals about the progress of a particular sale, and then using machine learning looks at points in the sales cycle where it would make sense to reward the sales person for the progress they are making.

Read More…

SilverCloud Health Collaborates with Mental Health Leaders to Pioneer a Path Forward for Digital Mental Health Treatment

SilverCloud Health, a leading digital mental health platform, together with a group of international mental health stakeholders, announced that the American Psychiatric Association’s Psychiatric Services journalhas published the findings of an expert group aimed at increasing the adoption of digital mental health treatments (DMHTs) within the U.S. healthcare system.

The paper, “Banbury Forum Consensus Statement on the Path Forward for Digital Mental Health Treatment,” was authored by The Banbury Forum for Digital Mental Health Treatment, a group of over 20 international stakeholders including SilverCloud Health and representing healthcare organizations, insurers, employers, patients, researchers, policymakers, digital mental health companies, and the investment community. The Banbury Forum was formed in 2019 to review the current state of evidence and identify the primary challenges to adoption of DMHTs in the U.S. healthcare system, including in response to the challenges COVID-19 presents. The resulting paper identifies the core challenges, as well as opportunities, and provides recommendations to facilitate the successful and sustainable implementation of effective digital mental health interventions in the American healthcare system.

“Through years of rigorous trialing, digital mental health treatments have consistently proven to be effective interventions while also solving the issue of access that many face, yet there is a noticeable gap in adoption, reimbursement and regulation of these treatments within the U.S. healthcare system,” said Banbury Forum member and co-author Derek Richards, Ph.D., Chief Science Officer at SilverCloud Health and Research Fellow at the School of Psychology, Trinity College Dublin.

The paper reports that more than 100 randomized controlled trials demonstrate the effectiveness of DMHTs, and determined DMHTs can effectively overcome access and provider shortage issues that are an inherent part of the U.S. system. Each year, roughly 20% of Americans experience a diagnosable mental health condition, but many don’t receive treatment due to barriers to care, such as stigma and a shortage of mental health providers. For every 100,000 Americans, there are only 30 psychologists and 15.6 psychiatrists, and nearly 120 million Americans reside in designated health professional shortage areas – areas in which the ratio of mental health professionals to residents is smaller than 1 per 30,000 people. The integration of DMHTs into care pathways could improve the efficiency of mental health services and would extend effective treatment to the millions of Americans who are currently unable to access treatment.

Read More…

For the First Time, Vegetation Risk to the Entire US Electrical Transmission Grid Has Been Analyzed With Satellite Data

For the first time in history, vegetation encroachment risk to the entire publicly available U.S. transmission grid has been analyzed from space by the Berlin-based startup LiveEO.

The goal of this large-scale analysis was to demonstrate LiveEO’s market-leading analytic capabilities to a North American audience. In total, over 15,000 public satellite images were used to evaluate risk to 574,000 miles of electricity lines. (Details about the analysis can be found at www.live-eo.com/us-power-transmission-grid-analysis).

The analysis covers the detection of vegetation along the transmission grid, as well as the identification of grid segments that are exposed at dangerously close distances. These are some of the biggest challenges and operational cost factors for utility companies in maintaining their assets. Proven by studies vegetation is one of the main challenges for utilities globally, causing up to 56% of externally triggered power interruptions. In the United States alone, approximately US$ 6 billion is spent on vegetation management by utility companies annually.

“The scale combined with the detail of the analysis represents a milestone in satellite data analytics for utility companies and proves that satellite data represents a viable alternative for vegetation management to Lidar or foot patrols.” says LiveEO’s Co-Founder Daniel Seidel. “Additionally, these insights can be made actionable directly via our tool set of mobile and web apps, and API integrations to improve workforce efficiency in the field and to realize OPEX saving” adds LiveEO’s other Co-Founder Sven Przywarra.

Read More…

Cloverleaf Secures Series A Investment

Cloverleaf today announced that it has secured a Series A investment from ScOp Venture Capital to help the company accelerate support for large enterprise clients, expand its geographic reach and continue the push towards product-led growth. The company, which uses data to help companies build high-performing teams and scale professional and leadership coaching to their entire workforce, recently passed half a million users.

Cloverleaf is based out of their office in Covington KY and has received previous funding from Queen City Angels, Stout Street Capital, Connetic Ventures, KSTC, Mucker Capital and Airwing VC; all of which continued their investment in this Series A funding.

“The current challenges that COVID has brought to the workplace has led employers to look to technology solutions like Cloverleaf to help employees collaborate effectively while they are working remote,” said Kevin O’Connor, Managing Partner at ScOp Venture Capital. “We are excited to be investing in this concept at this pivotal moment of how work gets done.”

Among Cloverleaf’s capabilities is the ability to apply data analytics to commonly used personality and strength-based assessments to help companies identify career development and promotion opportunities, and create teams that will work well together.

Cloverleaf’s team building and micro-coaching software was inspired by the co-founders own work experience, which they now use to target markets where teams are most critical to the success of businesses such as software development, sales, consulting and human resources.

“Our co-founders met years ago working together as an awesome team,“ Kirsten Moorefield, Co-founder said. “We enjoyed coming to work and enjoyed the people we worked with, which led to incredible results. We recognized that not everyone has that experience so we created a technology that can help replicate our experience. At our core, we believe everyone is wired to accomplish excellent, meaningful work, and our best work happens when we’re on a team that plays to our strengths and differences. Our incredible group of investors believe in this mission and is now helping us achieve that vision.”

This round of funding will help accomplish that vision by continuing to expand the community of leadership, business and executive coaches. Cloverleaf expects to quadruple the number of coaches using the platform in 2021.

Read More…

Zippin Hires Former VP of SSP and Aramark, Gary Jacobus, to Lead Business Development

Zippin, an industry leader in checkout-free technologies for brick-and-mortar retail, today announced it has hired veteran business development executive, Gary Jacobus, as Senior Vice President, Business Development. Most recently, Jacobus was with SSP America, the leading operator of food & beverage concessions in travel locations, where he grew the business by over $470 million in annual revenue during his three-year tenure. His proven track record within the sports, entertainment and transportation venue verticals will help to further expand Zippin’s footprint in these core markets.

Previously he held a similar role within Aramark’s Sports and Entertainment Division which serves professional and collegiate sports stadiums & arenas, convention centers and amphitheaters. He also held senior business development positions with the NBA, NFL, IMG and the United States Tennis Association.

“As retailers look beyond the pandemic, they see a world changed forever,” said Zippin CEO Krishna Motukuri. “Technologies that would normally take several years to achieve mass adoption have become commonplace in a matter of months, and frictionless retail is no exception. Gary’s expertise will help continue our momentum and take advantage of the demand we’re experiencing. His knowledge in both the airport business channels and pro and collegiate sports venues makes him the ideal candidate to lead our global expansion.”

Read More…

OKR-focused Gtmhub raises $30M Series B after growing 3x in 2020

 Gtmhub, a multinational startup that builds software to help other companies manage their corporate planning, announced that it has raised a $30 million Series B. The round was led by Insight, and included both participation from new investor Singular and prior investors LauncHub and CRV.

Gtmhub raised capital around 13 months ago, a $9 million Series A. At the time, the new capital was larger than the aggregate of its preceding funding efforts. The startup’s new funding round, like its 2019 Series A, towers above its prior fundraising totals in a similar manner.

How has Gtmhub managed to raise so much money? In a word, growth.

TechCrunch reported at the time of its Series A that Gtmhub had managed 400% growth in annual recurring revenue (ARR) heading into the round, on a year-over-year basis. Similar levels of topline expansion have continued, with Gtmhub COO Seth Elliott telling TechCrunch that the company grew its ARR by a multiple of three last year (measured December 2019 through December 2020).

Around the time Gtmhub raised in 2019, a number of other startups focused on the same software market raised as well, leading to TechCrunch asking “why is everyone making OKR software?

The acronym OKR translates to “objectives and key results,” a planning method that has become popular among American technology firms, and, according to Elliott, is becoming more popular internationally and among non-technology companies.

The startup executive also told TechCrunch that he sees Gtmhub growing alongside two business trends. The first, the rise of OKRs themselves, is a wave that his company is riding, he told TechCrunch. The second, one that he thinks his startup is leading, deals with large companies pursuing corporate transformations to boost their agility; those firms are adopting Gtmhub, he said, which can help them execute their digital transformation, or similar efforts, successfully.

Read More…

Paradox Acquires Israeli Chatbot Spetz.io To Accelerate Innovation And Expand Global Client Service Capabilities

Paradox, the leading conversational AI platform helping global talent acquisition teams automate recruiting tasks like screening, interview scheduling, and candidate communications, announced today the acquisition of Spetz.io, an Israeli startup helping clients like EY and Sodastream modernize candidate communications.

Founded in Tel Aviv in 2017, Spetz has quickly developed a reputation as a product-led, client-centric startup in Israel — a country with a rich history of building world-class AI and machine learning technologies.

The acquisition highlights Paradox’s strategic investment in global innovation and world-class client services, said Paradox founder and CEO Aaron Matos. But it wasn’t just about creating another R&D center. Just as important, Matos said the Spetz team’s vision, mission, and values closely aligned with Paradox.

Read More…

BigID Raises $70M to Become New York’s Newest Unicorn

’s estimated that the total amount of data is expected to reach 59 zettabytes this year with 90% of that data created in the last two years alone. With such an exponential increase in data, companies are racing to protect the data they maintain and regulatory initiatives like GDPR and the California Consumer Privacy Act are formalizing standards.  BigID is the data intelligence platform that leverages advanced machine learning and automation to allow customers to seamlessly protect sensitive data, be compliant will data privacy laws, and ensure compliance with data sharing requirements.   The company offers a foundation product that provides companies with visibility of all their data across the data landscape and additional apps provide added intelligence and specialized insight into privacy, protection, and perspective.

AlleyWatch caught up with Cofounder and CEO Dimitri Sirota to learn more about the data protection ecosystem the company has built, its future plans, and recent round of funding, which comes at a $1B valuation and brings the total funding raised to $216.1M for the company founded in 2016.

Who were your investors and how much did you raise?

This was our Series D round. Salesforce Ventures and Tiger Global co-led the round with participation from Glynn Capital and existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures.

Tell us about the product or service that BigID offers.

BigID’s data intelligence platform enables organizations to know their enterprise data and take action for privacy, protection, and perspective.  Customers deploy our product to proactively discover, manage, protect, and get more value from their regulated, sensitive, and personal data across their data landscape. Our ML-based data discovery foundation helps organizations know their data across their entire data landscape (from mainframe to cloud to on-prem), and our app framework lets you action that data – we have apps for privacy, security, and governance that range from a data risk app to a data retention app to a data remediation app and more.

Read More…