Procurement managers in the food supply chain face unprecedented challenges, with disruptions occurring multiple times a year across various regions. Helios, an AI-driven platform, is addressing these issues by aggregating billions of data points to provide real-time insights on climate and economic risks for agricultural commodities like cocoa and strawberries across 90 countries. With a recent $4.7 million seed funding, Helios aims to refine its services, focusing on both price forecasting and climate risk—services often overlooked by competitors. The platform enables procurement teams to efficiently streamline decision-making processes, deliver actionable insights via reports and APIs, and analyze commodity prices for up to 12 months ahead. Additionally, Helios Horizon, a virtual analyst, answers specific user queries in minutes, significantly reducing the time needed for market analysis. Backed by major clients like Walmart, Helios represents the future of data-driven procurement in the agri-food industry.
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