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ChAI

FOUNDED : 2019

LOCATION : United Kingdom

TEAM SIZE : 11-50

SOLUTION MATURITY : Startup

FUNDING ROUND : Pre-Seed

TOTAL FUNDING RAISED ($m) : $3

Core functionality
Cost Estimation
Additional functionality
Market intelligence
Risk Management
Risk Mgt: Material Price Intel
Description

ChAI leverages Artificial Intelligence techniques on Alternative Data in order to forecast commodity prices – helping companies to reduce their operating costs and manage commodities price risk.

The software enables purchasing managers, vendors, and CFOs to exercise forward-looking control of their materials price risk – bringing less price volatility, stronger business margins, and better financial control.

It uses satellite imagery, freight data, economic statistics, and financial information to make accurate predictions ranging from one day to one year into the future.

ChAI’s price predictions are optimised for consistency, accuracy, and explainability.
It notifies you of key market movements and the cause of these movements, to identify your risk exposure and highlight purchasing opportunities.

ChAI enables procurement teams to secure more margins and significant savings by identifying the optimum time to buy key commodities, and pinpointing the optimum time to hedge your exposure and at what ratio.

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