3 years ago

ChAI Secures £500K Funding for AI-Powered Commodity Price Forecasting

  • ChAI, a UK-based company specializing in AI-driven commodity price forecasting, has secured £500,000 in funding led by Primo Space, a fund managed by Primo Ventures SGR

  • ChAI uses real-time data, including satellite images, to provide unbiased information and forecasts on energy prices through a web application

  • The funding will support expansion and development efforts

  • ChAI is also backed by Passion Capital, MMC, and Seraphin.

      • ProblemTechnology

      "It's hard to predict the price of raw materials like energy. Existing methods are often biased and inaccurate."

      Solution

      "ChAI uses AI and satellite data to provide unbiased forecasts of raw material prices, helping businesses make better decisions."

      Covered on