Deepspatial Inc. said Sheela Foam Ltd. has chosen the company to provide its AI-driven solutions to assist in market expansion and business growth, with the expectation of expanding throughout India & Global Locations following successful outcomes.
The company said it will assist Sheela Foam in identifying new market opportunities for expansion and provide better coverage for the company's existing markets. Deepspatial’s AI-driven solutions will be adopted by Sheela Foam to help maximize its distribution & retail coverage which is expected to reduce costs and increase profitability, margins, and revenue.
In a statement, Dr Rahul Kushwah, CEO of Deepspatial said: “What’s also exciting about working with Sheela Foam Ltd., is the fact that we are marking our entrance into a new industry vertical. Not to mention Deepspatial is pioneering the use of artificial intelligence for business growth in this industry.”
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Sheela Foam is the largest polyurethane (PU) foam manufacturer in Asia Pacific with footprints in India, Australia and Spain and also the largest manufacturer of mattresses in India under renowned brand name Sleepwell. The company is a bulk manufacturer of PU foam and makes a variety of technical foams including - Memory Foam, Flame Retardant Foam, High Resilience Foam, Soft /Hard Foam, Reticulated Foam used in various applications.
“The fusion of Artificial Intelligence, Spatial Sciences & Data Sets of Deepspatial along with the inhouse talents of Sheela Group would help enhance our business growth plans. Sheela Foam has always been a pioneer and with this, we look forward to initiating a new domain for our complete industry,” said Charu Bhargava, vice president of IT at Sheela Foam.
Deepspatial is an artificial intelligence, technology Software-as-a-Service (SaaS) company at the forefront of geospatial artificial intelligence and geographic informational systems, specializing in providing robust, AI-powered solutions to businesses by leveraging the power of geospatial data.
The company has currently built products that target four specific customer needs across industry verticals - geodemographic customer profiling, price recommendation engine, inventory management and supply chain analytics, and sentiment monitoring to measure and improve brand health.
Contact the author at jon.hopkins@proactiveinvestors.com