Supply Chain AI Startup Arvist Wins Spot in Plug and Play Alberta’s Fifth Cohort
Chicago, IL (April 2024) World-class innovation platform, Plug and Play announced that the Chicago based AI startup Arvist will join its fifth cohort of the Food and Beverage startup accelerator program in Alberta, CA. Headquartered in Silicon Valley, Plug and Play has a global reach driving innovation on five continents.
Plug and Play connects blue chip companies with some of the brightest startups across the globe to create a unique ecosystem designed to develop and implement the technologies of tomorrow. Its network consists of 50,000 startups, 500+ world-leading corporations, and hundreds of venture capital firms, universities, and government agencies across multiple industries.
Arvist’s selection into the Plug and Play Alberta cohort makes it considered as one of the top 10% of innovators. The Chicago-based supply chain AI startup is building the brains of warehouses, supercharging them without any new infrastructure costs. Arvist enables warehouse operators to improve their operations by optimizing loading docks for quality, efficiency and compliance, using existing infrastructure like security cameras, cell phone cameras and WMS (Warehouse Management System) data.
“This is a special opportunity for Arvist and we are thrilled to be part of Plug and Play Alberta,” said Arvist CEO Nilay Parikh. “Food Logistics is one of the harder and more complex logistics operations and the solutions we are developing at Arvist around quality control and compliance makes that operation more manageable and efficient. Arvist is making mass adoption of AI affordable, and our goal is to help reduce supply chain disruptions in the future.”
Over the next 12 weeks, cohort participants will engage in networking events, workshops, mentor sessions, and various other activities. These experiences aim to enhance their opportunities for securing exclusive pilot programs, proof of concepts, new customers, and investments. They will be fully integrated into Plug and Play’s expansive global network, connecting them with over 80,000 startups, 500+ industry-leading corporate partners, and numerous venture capital firms.
“Supply chain technology is the cornerstone of efficiency and innovation for food and beverage companies,” said Carly Beckman, Program Manager, Food & Beverage, Plug & Play. “Arvist was selected to join this batch because of their remarkable technology, which addresses today’s pressing supply chain challenges with expertise and innovation.”
Plug and Play Alberta is building a world-class innovation platform to attract top technology and investment to the region and support Albertan entrepreneurs to scale and grow, hire tech talent, and propel digital transformation across the province. Plug and Play is part of the Alberta Scaleup and Growth Accelerator Program that is run by a consortium led by Alberta Innovates. The consortium, which also includes the Government of Alberta, Edmonton Unlimited, the Opportunity Calgary Investment Fund, and Prairies Economic Development Canada (PrairiesCan), allocated $35 million over three years to retain business accelerators. It’s part of the Alberta government’s goal to help create 20,000 jobs and increase technology firm revenue to $5 billion by 2030.
“We’re excited to watch as the promising new roster of companies show us what they’re made of,” said Laura Kilcrease, CEO of Alberta Innovates. “With each cohort, Plug and Play supports another layer of more sustainable, more capable and more investable companies to our tech startup ecosystem.”
Graduation for this batch of startups will commence at the end of May at Plug and Play Alberta’s Spring EXPO on Monday, May 27, 2024, at TELUS Spark. The Alberta EXPO will feature local and international startups from the Digital Health, Sustainability, Sector Agnostic (AI), and Food & Beverage accelerator programs.
The full list of startups can be found on Plug and Play’s website: Digital Health, Sustainability, Sector Agnostic (AI), Food & Beverage.
About Arvist (formerly Be Global Safety)
Arvist is building the brains of warehouses by enhancing overall efficiencies in the supply chain, transforming reactive safety processes into proactive ones leveraging AI, reducing costs and inefficiencies in the warehouse and logistics industry without incurring new infrastructure costs. At Arvist, we enable warehouse operators to improve their operations by optimizing loading docks for quality, efficiency and compliance, using existing infrastructure like security cameras, cell phone cameras and WMS (Warehouse Management System) data. Arvist supercharges warehouse operations without any new infrastructure costs. Arvist is HQ’d in Chicago, USA and is backed by leading venture capital organizations around the US. www.Arvist.ai
About Plug and Play
Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit www.plugandplaytechcenter.com/
About Alberta Innovates
Alberta Innovates manages nearly 1,300 projects in a portfolio valued at $1.33 billion. We work with innovators in all sectors of the economy and all corners of the province to drive entrepreneurship, applied research and industry development. With our impact-based funding programs and services, we are transforming energy systems for a net-zero world, promoting the responsible use of land and water, leveraging provincial strengths in agriculture, and contributing to improved health and well-being by harnessing digital tech and data. We are also advancing
emerging technologies and strengthening entrepreneurship for a strong and diversified economy. We operate in 11 locations with more than one million sq. ft. of industrial testing and lab facilities, and 600 acres of farmland. We employ nearly 600 highly skilled scientists, business and technical professionals. From funding to commercialization, we are Alberta’s innovation engine! See what entrepreneurs say about our coaching and support.