One of the most important elements of Supply Chain Management is logistics. Whether it be procuring raw materials, transporting goods to vendors, or movement of other essentials, a fleet’s performance is critical to ensure efficiency and cost-saving. Unexpected breakdowns can delay processes, affecting operations throughout the chain and leading to loss of time, money,and resources
Founded in 2016, Intangles developed state-of-the-art solutions such as predictive vehicle health monitoring, fuel management, DEF analysis, and driver behavior monitoring, among others. With its all-in-one predictive analytics platform with a 95% accuracy rate, providing real-time in-depth data, identifying causes and symptoms, before a vehicle breakdown helps draft repairing strategies in advance, thus ensuring minimum impact on the functionality of the vehicle and limits disruption in logistics. As per data, Intangles has reduced vehicle breakdown by 75%, with almost a 10% reduction in maintenance costs, along with a 10% reduction in fuel costs
Realizing that the need to be addressed was far greater than their current market, the founders set out to align their AI algorithm with the global demand. Intangles has deployed its solutions across over 250,000 vehicles in 18 countries, managing an impressive 18 billion sensory data points daily. Intangles in an attempt to transform telematics in the Middle East partnered with a reputed entity with 45 associated companies and a portfolio of more than 40 brands globally which combines Intangles’s cutting-edge solutions with industry experience. They raised USD 10 million in a series A funding round led by Baring Private Equity.