Versed AI
Assembly Line
Exiger Leads Market in AI-Driven Multi-Tier Visibility with Versed AI Acquisition
Exiger, the market-leading supply chain and third-party risk AI company, announced the acquisition of Versed AI. Born out of the University of Cambridge’s Language Technology Lab, Versed AI’s artificial intelligence technology accelerates the process of extracting and aggregating multi-tier supplier networks, creating automated bills of material and generating proprietary value chain graph data. The integration of Versed AI into Exiger’s award-winning supply chain management platform allows Exiger customers to rapidly expand multi-tier visibility with access to unrivaled advancements in supply chain tracing, orchestration and mapping.
Exiger leads the market with the fastest, most accurate and advanced solution for supplier mapping and risk analysis – technology that runs on proprietary data created from open source content and BOMs. Versed AI’s capability further streamlines this offering, alleviating the burden on procurement teams and negating the need for BOMs or technical data packages. Versed AI extracts supplier relationships and other insights from publicly available content to harmonize the breakdown of an individual product into its component parts, creating a synthetic BOM for highly-relevant, product-specific supply chain mapping.