Forecasty.AI

Forecasty.AI is a German based startup founded in 2020, specializing in AI, Information Technology, and Machine Learning. The company's slogan "Machine Learns, Company Earns" encapsulates its mission to revolutionize decision-making processes in the manufacturing sector. Recognizing the impact of raw material price fluctuations on businesses, Forecasty.AI offers a NoCode AI platform consisting of three products: "Commodity Desk" for procurement, "Demand Desk" for demand planning, and "Business Desk" for data analysis, all aimed at empowering firms with data-driven decision-making capabilities. The company's proprietary cloud infrastructure and time-series models, bolstered by industry expertise from BASF, facilitate accurate predictions of raw material prices. By leveraging advanced multi-variate time-series AI/ML models, Forecasty.AI enables users to simulate scenarios, identify price drivers, and predict turning points with precision. The platform's no-code forecasting at scale empowers users to generate high-quality forecasts without the need for extensive coding skills, thus democratizing the power of AI in the manufacturing industry. Forecasty.AI addresses a critical gap in the market by providing manufacturing firms with easy-to-use AI solutions for strategic decision-making in supply chain and procurement. With the potential to mitigate the reliance on gut feeling and facilitate profitable business decisions, the startup presents an intriguing opportunity for venture capitalists looking to tap into the burgeoning potential of AI-driven solutions in the manufacturing domain. Overall, Forecasty.AI presents a compelling proposition, combining cutting-edge AI technologies with industry-specific expertise to address significant pain points in the manufacturing sector while offering potential for substantial growth and impact within the industry.