New York-based Exiger has acquired Versed AI to expand its AI-driven multi-tier supply chain visibility, data and mapping capabilities.

Exiger is a supply chain and third-party risk AI company. Versed AI was born out of the University of Cambridge’s Language Technology Lab. Its artificial intelligence technology accelerates the process of extracting and aggregating multi-tier supplier networks, creating automated bills of material (BoMs) and generating proprietary value chain graph data.

The integration of Versed AI into Exiger’s supply chain management platform allows Exiger customers to expand multi-tier visibility rapidly with access to advancements in supply chain tracing, orchestration and mapping.

“Procurement and supply chain professionals across the public and private sector are overwhelmed by the amount of data they have to navigate to meet daily operational and regulatory requirements like tariff analysis, alternative vendor sourcing, forced labour checks, environmental impact assessments and CSDDD compliance,” said Exiger CEO Brandon Daniels. “This acquisition allows us to offer a beautifully simple solution to those challenges.”

Exiger’s technology runs on proprietary data created from open-source content and BoMs. Versed AI’s capability streamlines this offering, alleviating the burden on procurement teams and negating the need for BoMs or technical data packages. It extracts supplier relationships and other insights from publicly available content to harmonise the breakdown of an individual product into its component parts, creating a synthetic BoM for relevant, product-specific supply-chain mapping.

“The addition of this capability completes the equation in terms of what Exiger offers,” said Daniels. “It creates revolutionary multi-tier visibility that’s holistic, autonomous and universally deployable for any company and any product in a value chain, allowing customers to assess the impact of events within their supply chain in a matter of minutes and make informed decisions that deliver value and mitigate risk.”

Fenella Boyle, Versed AI CEO, added: “We’re excited by the disruptive power created by combining Versed AI and Exiger’s best of breed capabilities. After surveying the competitive landscape, we feel strongly that our technology will have the greatest impact when deployed within Exiger’s market-leading AI and across their vast and rapidly growing customer base.”

Exiger has already begun integrating the technology into its supply chain platform and UX 1Exiger. The integration should enrich Exiger’s dataset and enhance the operational and multi-tier visibility capabilities of Supply Chain Explorer and SDX, making these faster and more comprehensive. The added capabilities will be immediately available to Exiger customers.

“We’re constantly looking for ways to deploy new technologies to solve the supply chain problems our clients are struggling with,” said Exiger CPO Brendan Galla. “Versed AI’s technology capabilities and domain expertise will be an incredible asset to Exiger and have an immediate impact on our customers.”

Versed AI CTO Simon Baker added: “We’re thrilled to join an organisation that shares our commitment to developing exceptional technology, not only to satisfy and streamline day-to-day business demands but to make the world more ethical and transparent.”

Union Square Advisors served as financial advisor to Exiger in this transaction. Dechert served as legal counsel.

Exiger (exiger.com) is changing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and technology-enabled offerings.

Versed AI (www.versed.ai) automatically maps and contextualises complex supply chains, providing multi-tier supply chain intelligence. The company applies AI technology to help enterprises illuminate their n-tier supply chains, analyse them and act.