Versed AI tackle the problem that most end-manufacturers have no idea who is involved in earlier stages of production. For example, a car manufacturer in Sunderland has limited-to-no knowledge about the supplier in Cambodia producing the rubber that goes into their wheels. This means they are blind to supply risk caused by local conditions, struggle to be compliant with CSR responsibilities, and have no knowledge about whether they could change to a better/cheaper alternative.
The CEO Fenella spent 16 years at UBS and Putnam, with a focus on logistics, before doing her Executive MBA at LBS. Her co-founder Simon is a post doctoral researcher in Natural Language Processing at Cambridge and a Fellow of the Royal Academy of Engineering.
The team use state-of-the-art natural language processing to extract data from corporate and public sources across the globe, and map out complex and multi-layer supply chains. They also help companies map out their competitor’s supply chains, and identify new suppliers.