Stuttgart, Germany – Robert Bosch Venture Capital (RBVC), the corporate venture capital company of the Bosch Group, has completed an investment in Garvis AI Ltd., based out of Antwerp, Belgium, a rapidly growing global provider of bionic Artificial Intelligence (AI) solutions to optimize supply chain management. The company’s platform provides transparent, explainable insights and predictions of demand patterns for various industries such as automotive, semiconductor, retail, and food & beverage, among others. Making predictions is essential to business yet is increasingly difficult to do, from sourcing raw materials to manufacturing to customer deliveries. Several global upheavals are making supply chains and customer buying behavior much harder to anticipate today and fluctuate so much that traditional planning methods are no longer sufficient. “Garvis is a key enabler to strengthen companies’ resilience of global supply chains through forecast fluctuating sales and working capital needs for companies worldwide”, says Dr. Ingo Ramesohl, Managing Director of Robert Bosch Venture Capital. “Bosch has started to work with Garvis in several regions. The investment in Garvis adds another company in the AI and Software domain to our portfolio of innovative start-ups. Above all, Bosch offers access to broad expertise and worldwide industry knowledge gained from more than 130 years of business activity.”
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Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.
Additional information is available at www.rbvc.com
About Garvis
Garvis, based in Antwerp, Belgium, radically puts the planner at the center of the universe through a bionic demand planning system. It combines access to data in the richest sense with a user-trainable, transparent AI that empowers planners to create the best possible plans of the future. This paradigm shift towards man-machine collaboration results in less costs, lower implementation time (<24 hours), reduced forecast error and an evergreen environment. It is Garvis’ ambition to replace/simplify the S&OP process with the concept of the conversation owner based on business insights.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.
