We are delighted to announce the acquisition of portfolio company Versed AI by US supply chain and third-party risk AI company Exiger, resulting in a positive exit for Parkwalk investors. Versed AI is a spinout from the University of Cambridge.
Versed AI automatically maps and contextualises complex supply chains, providing customers with unrivalled multi-tier supply chain intelligence. The company applies cutting-edge AI technology to help leading enterprises rapidly illuminate their n-tier supply chains, analyse them and act – tackling risks from disruption, regulatory compliance and reputational damage. With product-specific supply chain visibility, Versed AI’s automated Bill-of-Material mapping data helps customers cut through the noise to the suppliers that matter. Versed AI is a spin-out from Cambridge University, a Gartner Cool Vendor in Sourcing and Procurement Technologies.
The integration of Versed AI into Exiger’s award-winning supply chain management platform will allow customers to rapidly expand multi-tier visibility with access to unrivalled advancements in supply chain tracing, orchestration and mapping.
For more information on the acquisition, please see the Exiger website here. View our portfolio page here.
