Commodities AI secures seed investment led by Seraphim Space to build insurance products
The seed round was led by Seraphim Space to support the development of new commodity risk insurance products.
Share allotment filed at Companies House
Commodities AI provides real-time price forecasts and intelligence for global material companies and supply-chain providers. The company uses proprietary artificial intelligence to help organisations navigate market volatility and manage risk.
Commodities AI has secured seed funding to expand its market intelligence offerings and build new commodity risk insurance products. The investment round was led by Seraphim Space, with participation from Insurtech Gateway, Passion Capital, Primo Space Fund, 2050Cap and Portfolio Ventures.
The capital will enable the firm to adapt its forecasting technology for smaller businesses that currently lack access to traditional hedging tools, as well as allowing larger material providers to transfer financial risk for raw materials such as steel and plastic. This development comes as global supply chains face heightened price volatility and food security pressures.
The raise follows a recent data licensing agreement with S&P Global Commodity Insights, which allows Commodities AI to incorporate Platts price assessments into its predictive analytics platform.
Investor perspective
"Chai is already empowering businesses across some of the largest and most important industries globally by allowing them to better manage their commodity price exposure. Now, ChAI’s upcoming insurance product has the potential to become an absolute game changer for these businesses. We are very happy to support the founders and team at ChAI and look forward to an exciting journey."
Andre Ronsoehr
Investment Director, Seraphim Space
Use of funds
- 01Continue product development
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About the company
Commodities AI
Commodities AI provides real-time commodity price forecasts and intelligence for global supply chains.