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Prophecta Corp

USA, California
Market: Logistics and warehouses, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 30.10.2023
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equalizer from 2000
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Idea

We develop AI for fleet optimization. We reduce fuel and other costs as well as CO2 emission of large truck fleets by changing drivers' behaviors using AI

Current Status

We have tested the product in cooperation with a major Oil & Gas company and discovered that we can save almost 50% of fuel and reduce CO2 emission almost by 30% in their trucking division

Problem or Opportunity

High complexity and high costs of large truck fleets operations
Excessive CO2 emission
Large drivers' churn
High load on fleet supervisors
Data overload of senior management

Solution (product or service)

On the basis of past data we replicate a digital twin of all business processes in the fleet. This allows us to find an optimal business process. Symbolic AI monitors in real time if business processes are close to optimal and AI assistant sends messages to drivers suggesting them the best course of action in real time

Business model

Freemium B2B Saas. We give customers of major telematics providers a simple product for free; as a result we get access to their data and with this data we calculate how much savings we can bring them. Our full version will be priced around 10% of potential savings

Incubation/Acceleration programs accomplishment

Alchemist
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