Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Source Intelligence Raises Capital for AI Platform, EU Expansion

California Tech Enterprise Celebrates 10 years as Global Leader for Supply Chain Solutions

Source Intelligence, a global best-performing supply chain compliance solution provider, announced a new round of capital to release an artificial intelligence platform and to help fund expansion into the European Union.

The announcement arrives as Source Intelligence celebrates its 10-year anniversary, highlighting the company’s continued growth and innovation to be the world’s most sought-after resource for supplier and product data collection and industry-leading ESG compliance platform.

In today’s announcement, Source Intelligence CEO Jess Kraus stated that Source Capital Partners, Kayne Capital Partners and a consortium of local banks participated in a fresh Round B of growth capital funds.

Read More: 4 Things to Keep in Mind When Investing in Tech Startups

Related Posts
1 of 31,851

“Our AI-driven platform provides a faster, automated document review process benefitting companies seeking confidence, simplification and cost-efficiencies with their supply chain compliance processes,” Kraus said. “Source Intelligence already has the world’s largest supplier database and processes millions of documents and other data on a regular basis. The addition of AI reflects the first-to-market innovation that Source Intelligence has steadily delivered since we opened our doors.”

Source Intelligence’s AI platform interprets and learns from a global database of supplier documents and information to quickly identify and assess a wide spectrum of Environmental, Social and Governance (ESG) concerns. Existing customers, such as Amazon, The Home Depot and European-based Schneider Electric, already have indicated a strong desire for this next wave of technological prowess being delivered by Source Intelligence, Kraus said.

Read More: Luminoso Launches New Capabilities to Accelerate Customer Feedback Analysis for

“Source Intelligence has been a valued partner of The Home Depot for the past seven years,” said Todd A. Nash, Director-Responsible Sourcing at The Home Depot. “We wish Source Intelligence a very happy 10th anniversary and look forward to your continued high level of support in the years to come.”

Source Intelligence, which has been the most-used conflict minerals compliance platform globally for the past eight years, already counts many European-based multi-national corporations as customers. Further expansion and growth of the company’s presence within the EU will provide additional service to existing customers and meet demands arriving from prospective ones.

Read More: Closing the Outsourcing Engagement Gap for Leaner and More Profitable Operations

Leave A Reply

Your email address will not be published.