May 19, 2020

Integrate.ai raises US$30m as it aims to build largest AI consumer intelligence exchange in the world

integrate.ai
AI
trusted signals exchange
consumer intelligence
baddey dey`
2 min
Integrate.ai raises US$30m as it aims to build largest AI consumer intelligence exchange in the world
Toronto-based AI company, integrate.ai, has announced Series A funding of US$30mn, raising the startup’s value to over $100mn
 
Integrate.ai’s Trusted Signals Exchange platform utilises advanced machine learning techniques to collate data regarding consumer interactions from myriad industries, thereby offering companies a more complete view of their customers.
 
The technology can therefore be used by companies to adapt their approach to meet consumer needs and desires, grow their consumer base, and more keenly identify areas of strength and weakness.
 
“Today’s consumers want businesses to provide relevant, fair, and contextual experiences without compromising privacy”, the firm’s press release said.
 
“The company’s cloud-based software platform allows enterprises to accelerate their transformation to a more customer-centric operating model and increase revenue and customer loyalty through a combination of easy-to-integrate applications focused on consumer decisions and access to powerful cross-industry intelligence”.
 
Steve Irvine, CEO and founder of integrate.ai, said, “Our focus in this financing round is to work with great people that can add tremendous strategic value as we scale the business”.
 
Portag3 Ventures led the round, while meaningful participation was also made by existing investors in Georgian Partners and Real Ventures.
 
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Paul Desmaris III, executive chairman at Portag3, has also joined integrate.ai’s board of directors.
 
“Paul and Portag3 bring strategic insights and an extensive network that will help improve our ability to onboard new customers and accelerate revenue growth”, Irvine said.
 
On Portag3’s investment, Desmaris added:
 
“We have seen a proliferation of AI startups, but integrate.ai is unique in its ability to consistently demonstrate measurable revenue lift quickly through a commercialized software platform designed for enterprise needs”.

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Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

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