Companies need to invest in new technologies to help create a more resilient and effective supply chain in order to gain an edge over the competition. Nowadays, efficiency is the most important way to gain a competitive edge as shipping times continue to shorten. $VERS.NE and their Wayfinder application are aiming to help warehouse companies greatly reduce their picking time through AI integration.
With the Wayfinder application finding so much success already during its early stages of development, the new AI lab and sensor fusion facility is only going to further help to company optimize the application for their clients. Sensor Fusion is the process of integrating multiple data sources from across various sensors to produce a more consistent, accurate, and useful understanding of objects and their environments. More specifically, in the new facility, customers, partners, and investors can see $VERS.NE’s research across a variety of disciplines like interaction with 3D digital twins, mixed-reality warehouse picking using Microsoft Hololens, and autonomous drone regulatory compliance solutions. This facility will greatly improve both the quality and speed of $VERS.NE’s research and product development.
Considering that Wayfinder is only an application on the overall COSM OS, there’s a lot of potential to develop new AI applications to help provide solutions across various industries and uses. With multiple pilots expected to turn into 7-8-figure contracts and a valuation of $36M, there’s significant upside to grow as the pilots convert into revenue-generating contracts.