Commodities AI completes second funding round
Summary
It expresses the views and opinions of the author.The funding announcement marks an important milestone in ChAIs product development and capabilities of providing key information to a wide range of stakeholders as the commodity markets continue to experience significant volatility. Under the current market conditions supply chain providers require long-term forecasting to address global food security challenges. ChAI uses purpose-built AI to analyze thousands of data sets to identify what variables are driving market prices, predict raw material costs, highlight risk exposure and help its clients purchase the necessary commodity products effectively.The company is on a mission to enable organizations to capture more margin, optimise hedging and reduce exposure across the commodities market. Industrial supply chains face increasing price volatility in commodities with the majority unable to access hedging tools. Andre Ronsoehr, Investment Director at Seraphim Space, said: Chai is already empowering businesses across some of the largest and most important industries globally by allowing them to better manage their commodity price exposure.