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ZIM invests in AI startup Data Science Consulting Group's $6 million Series A

ZIM invests in AI startup Data Science Consulting Group's $6 million Series A

This investment was made following a successful commercial collaboration between ZIM and DSG in the creation of a center of excellence for the development of AI tools for the maritime shipping industry

CTech | 09:57  23.06.2022

Israeli cargo shipping giant ZIM Integrated Shipping Services and Data Science Consulting Group (DSG), a technology company specializing in AI based products, solutions and services, have announced that they have closed a $6 million Series A financing round.

A ZIM cargo ship. A ZIM cargo ship. A ZIM cargo ship.

DSG expects to use the proceeds of this ZIM investment to, among others, bolster the development of e-volve, its holistic AI governance and decisioning management system, and to expand its operations and presence to additional territories around the globe. This investment was made following a successful commercial collaboration between ZIM and DSG in the creation of a center of excellence for the development of AI tools for the maritime shipping industry.

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“The center of excellence we initiated with DSG is another prime example of a fruitful partnership ZIM has established with an Israeli startup and the successful development and implementation of AI tools to improve ZIM’s business decisions,” said Eli Glickman, President and CEO of ZIM. “ZIM’s innovative spirit, demonstrated by, among others, the adoption of various digital tools, has been an important contributor to our industry leading results and, we expect, will continue to drive to our success going forward.”

Dr. Elan Sasson, DSG’s CEO noted: “We are proud in the vote of confidence which ZIM’s investment in DSG represents. The transformation of a customer turned (also) into an investor is an indication of the impact and reward we aspire to deliver to our customers and precisely the type of relationships we aim to foster. This investment will enable us to further develop our products and technologies and expand our international footprint in markets such as Australia, Japan, and others.”

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