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Summary
Vamstar will use this investment to accelerate market and product development plans, deploying Artificial Intelligence (AI) to enhance its consumables and generics exchange platform, improving data quality for faster e-commerce, and digitizing procurement and sourcing processes for both buyers and suppliers across the industry. We see a tremendous opportunity in a market that is largely underserved for the Vamstar platform to organize the procurement system in the healthcare industry, said Terry Chou, Partner at Alpha Intelligence Capital The Companys advanced Natural Language Processing capability sets them apart from other offerings. The companys cloud-based supply chain technology connects both buyers and suppliers to automate key business processes, translating data and outcome-based analytics into meaningful action for the healthcare ecosystem to move fast, operate efficiently and achieve great synergies, enabling better patient care and maximizing industry savings for its clients. The company uses Big Data and Machine learning to enable smart sourcing, faster tendering, simplified contracting, real-time opportunities, embedded intelligence, and related services, including the web-based trading of healthcare products between hospitals, clinics, laboratories, and suppliers in the market. The firm was founded by experienced entrepreneurs such as Laurens Groenendijk (Just Eat, Treatwell, Miinto, Hiber), Patrick Kerssemakers (fonQ), Bas Beerens (WeTransfer), Hidde Hoogcarspel (Spacebuzz), and Remco van Zanten (ex Booking, Zalando, BCG).