As the AI revolution continues, companies have begun to invest billions of dollars into optimizing their supply chains. Especially as consumers expect quicker and quicker shipping times, warehouse efficiency is a must-have within the industry.
With $VERS.NE’s Wayfinder application helps increase efficiency for picking through the use of AI 3D mapping and navigation with audio cues, there’s a significantly large market for the integration as thousands of warehouses across the world still run on old and outdated systems. Through the current ongoing pilots, Wayfinder has already proven itself as a potential industry-leading technology.
- 30% increase in picking efficiency/productivity.
- High employee satisfaction with 90%+ of employees preferring to utilize the software.
- Simple integration and allows for human/robot collaboration.
With the benefits far outweighing the costs, the expected ROI for companies that use Wayfinder is high. This is why the current pilot programs are expected to turn into 7-8-figure contracts. Now, looking at the management team, there’s a lot of experience with all types of AI-related networks. Alongside this, they have a tight share structure with the majority of the shares being insider owned.
Overall, with the company now trading at a significant discount to the last $15M financing round, the current $33M valuation could see significant upside once revenue begins to rapidly increase through the contracts and as they build new applications on the COSM OS.