ThroughPut, a provider of data-driven operations software that uses Artificial Intelligence (AI) to remedy industrial bottlenecks, received the ‘award’ of Top Disruptive Startup at Stanford. The event is the largest summer expo at Stanford University. Hundreds of startups (in receipt of hundreds of millions of dollars in funding) discuss funding, strategy, go-to-market and deal-making with enterprises and investors.
“It is a true honor to be recognized as one of the most meaningful start-ups disrupting traditional industries to make a real impact on not just business operations and earnings, but on eliminating the $10 Trillion of production and supply chain waste that plagues the world annually,” exclaimed Seth Page, Chief Operations Officer of ThroughPut.ai, “to be recognized by some of Silicon Valley’s most prestigious venture capitalists, investors and entrepreneurs as a top global disruptor utilizing AI for Good underscores the core value of our mission and the ability to ultimately positively affect every individual on the planet.”
Selected from many competitors
The event featured thousands of candidates and hundreds of start-up final contenders. ThroughPut.ai was one of the only three to win the Disruptive Startup Award. The event started off with executive networking followed by a fireside chat with Chris Yeh, Co-author with Reid Hoffman, of one of the entrepreneurial bibles, Blitzscaling.
A panel of venture capitalists and corporate investors – with combined funds of over $200B – judged the start-ups. VCs funds represented included:
- Bain Capital
- Thomson Reuters
- Stanford Angels
- BMW, Andreessen
About ThroughPut Inc:
ThroughPut Inc describes itself as an AI supply chain pioneer which enables companies to increase output, quality and profitability through bottleneck elimination. ThroughPut’s supply chain AI platform, ELI, includes its Bottleneck Management System (BMS). It uses existing enterprise databases – such as ERP, MES, IMS, TMS, WMS, PLC, EAM, POS, CRM and other data systems – to address bottleneck inefficiencies in global supply chains.
ThroughPut has designed its systems with input from Fortune 500 geo-market logistics leaders as well as Silicon Valley analytics and domain experts. The result, ELI:
- thinks like an operations manager
- provides domain expertise, insights, and recommendations in real-time.
This is a step beyond most current business intelligence and analytics tools which cannot provide the depth or automation. ThroughPut’s dynamic insights include:
- real-time resource allocation recommendations
- granular root cause identification
- operational process stability analysis.
Enterprise Times: what does this mean
In effect, ELI enables process improvement experts and operations managers to reduce cycle times and operational unpredictability across some of the most advanced and intricately bound together process industries. In turn these include:
- oil and gas
- transportation and aviation
- chemical processing
Many inefficiencies in supply chains are hard to identify. The more complex the supply chain, the tougher the challenge. If ThoughPut can do what it claims it may well prove disruptive and beneficial for enterprises living on the fine edge of the ‘supply chain’ effectiveness.