🕒 Article read time: 2 minutes
Huge new investment in Danish startup Sentispec helps “champion and showcase the innovation taking place in logistics,” says Logistics UK
Sentispec, a company delivering AI-based logistics solutions to customers in six countries, has received a double-digit million-dollar investment from People Ventures and Founderment, who have identified its potential to transform the logistics industry.
Sentispec's rapidly scalable solutions have already delivered huge improvements in productivity, and its investors are confident that further support will help ensure that Sentispec's innovative solutions can scale to both existing and new customers.
“We are extremely pleased with the satisfaction our customers express for our solutions, and with this investment we can make it even better for them,” confirms Sentispec's CEO, Andreas Claudi, who founded the company with Morten Herman Langkjær.
“Our customers are hugely focused both on cost level, but especially on the quality of their service to customers, which is why our solutions give them an immediate competitive advantage.”
SOPHISTICATED ALGORITHMS
Sentispec's AI solutions apply sophisticated algorithms to video data to predict, analyse and improve the entire logistics process in real time. This helps to reduce errors and improve operational efficiency, while lowering overall costs and improving sustainability.
For example, one customer has reduced the amount of error corrections related to misplaced pallets by 96%, freeing up staff and resulting in higher productivity and customer satisfaction.
Another customer has reduced container loading time by seven minutes per container and, considering they ship 10,000 containers a year, this translates into a massive streamlining of their processes, allowing them to deliver an extra 1,000 containers per year.
ENHANCED EXPERIENCE
At the same time, the data can be used analytically to improve the quality of the loading process and thus enhance the customer experience.
“In general, we find that our customers can use our products to differentiate themselves in the otherwise very mature logistics segment, while contributing with annual productivity efficiency for up to five million kroner per warehouse. Some of our customers even use our sales material directly in their own sales to stand out from the crowd,” says Sentispec's CEO, Andreas Claudi.
INNOVATIVE SHOWCASE
“Sentispec’s solutions are an example of the logistics sector’s increasing use of data and technology to drive up efficiency, including in the areas of route optimisation, warehouse precision, loading and unloading,” says Ben Garratt, Deputy Director of Public Affairs at Logistics UK.
“At Logistics UK, we are calling for government to champion and showcase the innovation taking place in logistics; to actively support innovation adoption, including through funding; and to play a leading role in bringing cutting-edge technologies forward in logistics, in partnership with the sector.”
Sentispec currently services a wide range of customers in six countries in Northern Europe, including DANX, Frode Laursen, Agri-Norcold among others, and has plans for an aggressive expansion to, among others, USA and Asia, with a plan to service 10% of the world's transport within a short number of years.
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Published On: 15/06/2023 14:43:38
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