AI startup, Bendi, has secured £800,000 in pre-seed funding led by Midven, part of Future Planet Capital.
The funding will be used to accelerate the development of Bendi’s flagship platform, Prism, which automates supply chain mapping and ESG risk assessments.
Bendi’s AI-powered platform addresses challenges such as increasing complexity, evolving sustainability standards and tighter regulations that have left businesses struggling to identify and mitigate risks within their supply chains. By analysing over 100 risk indicators, including human rights violations, environmental hazards and governance concerns, across multiple data sources and languages. This enables businesses to proactively identify and respond to risks that could damage their reputation and bottom line.
Traditional supply chain risk management methods are slow, manual and limited in scope. Bendi’s technology offers a faster, more efficient and data-driven approach, providing businesses with the visibility they need to make informed decisions.
With this funding, Bendi is well-positioned to revolutionise supply chain risk management and help businesses build more sustainable and ethical supply chains.
Mandeep Soor, CEO and co-founder, said: “As global supply chains become more complex, the tools to ensure transparency, resilience and sustainability are no longer a nice-to-have, they’re becoming a licence to operate. Our mission is to empower companies to take responsible actions and strengthen their supply chains with ease and efficiency.”
Image source: Bendi
