Quick-growing logistic supplier Delta Corp Delivery has acquired Quantship, a pioneering synthetic intelligence (AI) platform, which utilises quant algorithms to unlock worth in freight markets.
Quantship was incubated at Entrepreneur First, Singapore in 2019 by Kaushik Reddy and Sudeept Sinha. “With interdisciplinary expertise in delivery and quant buying and selling, the founders have been capable of shortly execute and construct an AI platform that has unlocked large worth for the majority delivery neighborhood,” mentioned Bernadette Cho, normal supervisor and companion at Entrepreneur First.
“The acquisition of Quantship is testomony to the truth that Delta Corp is on the forefront of an more and more digital delivery world, the place data-driven determination making is essential to gaining a aggressive benefit.
“We see nice potential within the crew and the technological functionality and see different areas for potential collaboration inside Delta choices to its clients, the place Quantship’s experience might turn out to be useful,” mentioned Mudit Paliwal, CEO of Delta Corp.
Quantship will proceed to function its workplace in Singapore and the founding crew will proceed to work with Delta Corp.