Reefknot MD Marc Dragon
Reefknot Investments, a joint venture between Temasek and Swiss transport and logistics company Kuehne + Nagel, has announced its maiden investment in PROWLER.io.
Based out of the UK, PROWLER utilises Artificial Intelligence to help turn dynamic, real-time data into optimal decisions about business problems.
This strategic investment follows the launch of Reefknot’s US$50 million global fund and the think-tank The Centre of Excellence for Global Emerging Supply Chain Technologies.
Founded in 2016, PROWLER’s AI engine VUKU can process moving data in real-time, adapt to uncertainty, act on sparse information and learn from experience. It is data-efficient, not data-hungry, so does not need Big Data sets to be effective, and is designed to have broad application across multiple sectors.
“PROWLER.io’s AI platform and capabilities will greatly enhance decision-making in complex and uncertain environments that represents the type of transformational technologies Reefknot is committed to supporting in order to drive supply chain and logistics sector innovation,” said Marc Dragon, Managing Director of Reefknot.
Vishal Chatrath, Co-founder and CEO of PROWLER.io, added: “AI has huge potential to empower supply chain and logistics companies to operate more efficiently and grow more quickly. We already have great success in improving asset utilisation for our logistics clients through data-efficient AI. Through Reefknot, we have access to their ecosystem of domain partners and have the opportunity to combine their sector expertise with our leading technology platform.”
Based in Singapore, Reefknot recently closed a US$50 million fund, which invests in high-growth technology companies pushing new frontiers within the supply chain and logistics space. Other domains the fund is actively exploring opportunities in include digital logistics and trade finance.
Reefknow also provides founders access to the business insights of Temasek, the logistics & supply chain expertise of Kuehne + Nagel, and an ecosystem of high-value partners who will bring added support to help accelerate business growth.
PROWLER.io has recently raised an investment led by Chinese technology giant Tencent Holdings, with participation from SGInnovate and Atlantic Bridge.
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