On June 21, Yixing shipping announced that it had completed the round a financing of US $6million for the Israeli technology enterprise data science consulting group (DSG), which was the first major equity investment in DSG. DSG is a leading technology company focusing on artificial intelligence (AI) - based products, solutions and services.
This investment was completed after the successful business cooperation between Yixing and DSG. Previously, the two sides had cooperated to create a center of excellence for the development of artificial intelligence tools for the maritime industry.
Eli Glickman, President and CEO of Yixing, said: "The center of excellence launched by us and DSG is another typical example of the fruitful partnership established by both sides, and also a typical example of the successful development and implementation of artificial intelligence tools to improve Yixing's business decisions. Yixing's innovative spirit, including the adoption of various digital tools, has become an important contributor to our industry-leading achievements, and we look forward to continuing to promote our success. Through cooperation with the DSG team Working closely together, we see that their expertise can support our ecosystem and are pleased to make this investment, which will enable them to further develop their business. "
Eyal Ben Amram, executive vice president and CIO of Yixing, added: "The global and shipping industry has a growing demand for AI based products and solutions, which can improve the accuracy of supply chain management and forecasting tools. In the past year, our cooperation with DSG has achieved positive results. DSG's rich experience in AI makes us confident to further invest in our relationship with DSG."
Elan Sasson, chief executive of DSG, said: "we are proud of the trust of star in DSG's investment. The transformation of customers into investors also shows that we are eager to provide influence and return to customers, which is the type of relationship we want to build. This investment will enable us to further develop products and technologies and expand our international footprint in Australia, Japan and other markets."
DSG said that it hoped to use the income from this Zim investment to support the development of its overall artificial intelligence governance and decision management system, and expand its business and influence to other regions in the world.
It is reported that DSG was founded in 2015 by artificial intelligence expert Dr. Elan Sasson, brain science artificial intelligence expert Dr. Gideon Rosenthal and senior data scientist Dr. Shaul abergil. As a center of excellence in the field of artificial intelligence, DSG aims to provide large enterprises and organizations in various industries with machine learning tools in order to provide them with business and financial competitive advantages.
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