Company: Vaayu
Founders: Namrata Sandhu & Luca Schmid
Website: https://vaayu.tech
About Vaayu
Retail is responsible for 25% of global carbon emissions, and the fashion sector alone is on track to generate 2.1 billion metric tons of carbon emissions in 2030. Vaayu was created to tackle the industry’s impact: it is the world’s first automated software empowering brands and businesses within the retail ecosystem to track and cut their carbon and environmental impact in real-time.
The very concept of Vaayu is underpinned by the power of AI and machine learning to fill data gaps in the industry’s complex supply chains, helping retailers understand the impact of their businesses with automated, real-time data to drive reduction strategies. Its world-first technology has easy-to-integrate APIs that automatically pull emissions and impact data directly into a single dashboard from multiple primary sources. From POS systems to PLMs, PIMs, and ERPs, Vaayu is pioneering this level of robust, automated data for the first time and simplifying the supply chain by demonstrating real data in real-time.
Vaayu is not industry agnostic. Creating retail’s largest dedicated LCA database with 600,000+ data points is Kria, Vaayu’s AI Impact Modeling Engine. Purpose-built, Kria uses generative AI to perform fast, accurate data mapping and processing, generating 50,000+ data points for every product calculated to create a digital twin that mirrors the complexity of the supply chain in real life. The engine then deploys machine learning algorithms and predictive AI to fill data gaps for a granular footprint.
Vaayu calculates impacts from raw material extraction through the manufacture of physical goods to last-mile delivery, identifying hotspots to help businesses prioritize focus areas and lower their overall environmental footprint. Vaayu’s customers can also leverage its target setting and scenario planning features to evaluate the most effective reduction strategies specific to their business on a daily basis.
Vaayu’s SaaS business model allows customers access to its proprietary AI and machine learning software solutions on a subscription basis. Vaayu’s SaaS is sold as an annual or monthly subscription to brands, retailers, FinTechs and more by an in-house sales department that with excellent customer support supplied by a highly-trained team. By offering a flexible, modular and tailored solution, Vaayu ensures that its partners benefit from the impact assessment tooling and features they need for their profile and size.
Its partners span all types of companies within the retail ecosystem across all product verticals in Europe, North America and Asia. This includes brands (from Fashion to Consumer Health and Electronics), retailers, marketplaces or financial services such as existing customers Klarna and Stripe. Other global brands include Vestiaire Collective, Veja, On, Axel Arigato, Vinted, New Balance and Redcare Pharmacy.
Since launching in 2020, Vaayu has raised $13 million in seed round funding and onboarded more than 100 global brand partners. Vaayu’s ultimate goal is to help decelerate climate change, and as retail’s only dedicated climate technology, it continues to proactively identify industry-specific challenges and build and improve upon its suite of world-first AI-powered solutions to meet and exceed these needs.
Check out what TechRound can do for your business: SEO, PR, HR Software, Payroll Software, IT, VoIP.
