HAIFA, Israel and TEL AVIV, Israel, June 21, 2022 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Data Science Consulting Group (DSG), a main expertise firm specializing in AI (Artificial Intelligence) based mostly merchandise, options and providers, introduced at this time that they’ve closed a $6 million Series A financing spherical whereby ZIM made a capital funding in DSG, which constitutes the first main fairness funding in DSG.
DSG expects to make use of the proceeds of this ZIM funding to, amongst others, bolster the growth of e-volve, its holistic AI governance and decisioning administration system, and to broaden its operations and presence to extra territories round the globe. This funding is concluded following a profitable business collaboration between ZIM and DSG in the creation of a middle of excellence for the growth of AI instruments for the maritime transport business.
Eli Glickman, President and CEO of ZIM, remarked, “The middle of excellence we initiated with DSG is one other prime instance of a fruitful partnership ZIM has established with an Israeli startup and the profitable growth and implementation of AI instruments to enhance ZIM’s enterprise selections. ZIM’s modern spirit, demonstrated by, amongst others, the adoption of numerous digital instruments, has been an vital contributor to our business main outcomes and, we count on, will proceed to drive to our success going ahead. Having labored intently with the DSG crew, we see their capabilities that may assist our ecosystem and are happy to make this funding that may allow them to additional develop their enterprise.”
Eyal Ben Amram, EVP & CIO of ZIM added: “There is a rising demand round the world and in our business for AI-based merchandise and options which might enhance, amongst others, provide chain administration and the accuracy of forecasting instruments. The optimistic outcomes of our collaboration with DSG throughout the previous 12 months and DSG’s confirmed versatile expertise and understanding of AI satisfied us to additional make investments in our relationship with DSG and its crew.”
Dr. Elan Sasson, DSG’s CEO famous: “We are proud in the vote of confidence which ZIM’s funding in DSG represents. The transformation of a buyer turned (additionally) into an investor is a sign of the affect and reward we aspire to ship to our clients and exactly the sort of relationships we intention to foster. This funding will allow us to additional develop our merchandise and applied sciences and broaden our worldwide footprint in markets corresponding to Australia, Japan, and others.”
About ZIM
Founded in Israel in 1945, ZIM (NYSE: ZIM) is a main world container liner transport firm with established operations in 100+ international locations serving greater than 25,000 clients in over 300 world ports. ZIM leverages digital methods and a dedication to ESG values to supply clients modern seaborne transportation and logistics providers and distinctive buyer expertise. ZIM’s differentiated global-niche technique, based mostly on agile fleet administration and deployment, covers main commerce routes with a deal with choose markets the place the firm holds aggressive benefits. Additional details about ZIM is on the market at www.ZIM.com.
About Data Science Consulting Group (DSG)
DSG gives a suite of Enterprise AI choices to proactively handle the threat and uncertainty related to typical AI implementation and guarantee AI methods proceed to work over time, offering ongoing, long-term enterprise affect. For virtually a decade, DSG has been a world chief in the growth of AI and machine studying based mostly merchandise, options, and fashions for enterprises and as such, understands the complexity of constructing scalable AI. DSG was based in 2015 by Dr. Elan Sasson, an AI skilled, Dr. Gideon Rosenthal, a brain-science AI skilled, and Shaul Abergil, a senior knowledge scientist, as a main middle of excellence in synthetic intelligence, in order to produce massive organizations in numerous industries with machine studying instruments in order to supply such organizations enterprise and monetary aggressive edge.
ZIM Forward-Looking Statements
This press launch comprises or could also be deemed to include forward-looking statements (as outlined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). In some circumstances, you’ll be able to determine these statements by forward-looking phrases corresponding to “could,” “may,” “will,” “ought to,” “count on,” “plan,” “anticipate,” “imagine,” “estimate,” “predict,” “potential” or “proceed,” the destructive of these phrases and different comparable terminology. These forward-looking statements, that are topic to dangers, uncertainties and assumptions about the Company, could embrace projections of the Company’s new service capabilities and benefits, future monetary outcomes thereof, in addition to its anticipated development methods and anticipated traits in its enterprise. These statements are solely predictions based mostly on the Company’s present expectations and projections about future occasions or outcomes. There are vital elements that might trigger the Company’s precise outcomes, stage of exercise, efficiency or achievements to vary materially from the outcomes, stage of exercise, efficiency or achievements expressed or implied by the forward-looking statements. Factors that might trigger such variations embrace, however will not be restricted to: market adjustments in freight, bunker, constitution and different charges or costs, new laws or regulation affecting the Company’s operations, new competitors and adjustments in the aggressive atmosphere, the end result of authorized proceedings to which the Company is a social gathering, and different dangers and uncertainties detailed infrequently in the Company’s filings with the U.S. Securities and Exchange Commission, together with underneath the caption “Risk Factors” in its 2021 Annual Report.
Although the Company believes that the expectations mirrored in the forward-looking statements contained herein are cheap, it can’t assure future outcomes, stage of exercise, efficiency or achievements. Moreover, neither the Company nor another particular person assumes duty for the accuracy and completeness of any of these forward-looking statements. The Company assumes no responsibility to replace any of these forward-looking statements after the date hereof to adapt its prior statements to precise outcomes or revised expectations, besides as in any other case required by regulation.
ZIM Contacts
Media:Avner ShatsZIM Integrated Shipping Services Ltd.+972-4-865-2520[email protected]
Investor Relations:Elana HolzmanZIM Integrated Shipping Services Ltd.+972-4-865-2300[email protected]
Leon BermanThe IGB Group212-477-8438[email protected]
DSG Contacts
Dr. Elan SassonCEO and Co-Founder, Data Science Group+972-54-440-8089[email protected]
Media ContactIris Weinstein CEO, NewStory Group+972-54-436-3334[email protected]
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SOURCE ZIM Integrated Shipping Services Ltd.
https://www.prnewswire.com/news-releases/zim-and-data-science-consulting-group-dsg-announce-the-closing-of-a-6-million-investment-by-zim-in-dsg-301571789.html
