Exiger has acquired Versed AI, a company specializing in product breakdown technology, for an undisclosed sum to enhance AI-driven supply chain visibility.
Integrating Versed AI into Exiger's platform will enable customers to expand multi-tier visibility with advanced supply chain tracing, orchestration, and mapping. This acquisition aims to offer a holistic and autonomous multi-tier visibility solution for any company and product in a value chain.
Versed AI, a spin-out from the University of Cambridge, uses AI to help enterprises map and understand complex supply chains. It offers product-specific supply chain visibility and automated Bill-of-Material mapping, allowing customers to focus on key suppliers. Versed AI's technology creates unique value chain graphs by extracting and aggregating multi-tier supplier networks.
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