HAIFA,
Israel and TEL AVIV,
Israel, June 21, 2022 /PRNewswire/ -- ZIM
Integrated Shipping Services Ltd. (NYSE: ZIM) and Data Science
Consulting Group (DSG), a leading technology company specializing
in AI (Artificial Intelligence) based products, solutions and
services, announced today that they have closed a $6 million Series A financing round whereby ZIM
made a capital investment in DSG, which constitutes the first major
equity investment in DSG.
DSG expects to use the proceeds of this ZIM investment to, among
others, bolster the development of e-volve, its holistic AI
governance and decisioning management system, and to expand its
operations and presence to additional territories around the globe.
This investment is concluded following a successful commercial
collaboration between ZIM and DSG in the creation of a center of
excellence for the development of AI tools for the maritime
shipping industry.
Eli Glickman, President and
CEO of ZIM, remarked, "The center of excellence we initiated
with DSG is another prime example of a fruitful partnership ZIM has
established with an Israeli startup and the successful development
and implementation of AI tools to improve ZIM's business decisions.
ZIM's innovative spirit, demonstrated by, among others, the
adoption of various digital tools, has been an important
contributor to our industry leading results and, we expect, will
continue to drive to our success going forward. Having worked
closely with the DSG team, we see their capabilities that can
support our ecosystem and are pleased to make this investment that
will enable them to further grow their business."
Eyal Ben Amram, EVP &
CIO of ZIM added: "There is a growing demand around
the world and in our industry for AI-based products and solutions
which can improve, among others, supply chain management and the
accuracy of forecasting tools. The positive results of our
collaboration with DSG during the past year and DSG's proven
versatile experience and understanding of AI convinced us to
further invest in our relationship with DSG and its
team."
Dr. Elan Sasson, DSG's CEO noted: "We are proud in
the vote of confidence which ZIM's investment in DSG represents.
The transformation of a customer turned (also) into an investor is
an indication of the impact and reward we aspire to deliver to our
customers and precisely the type of relationships we aim to foster.
This investment will enable us to further develop our products and
technologies and expand our international footprint in markets such
as Australia, Japan, and others."
About ZIM
Founded in Israel in 1945, ZIM
(NYSE: ZIM) is a leading global container liner shipping company
with established operations in 100+ countries serving more than
25,000 customers in over 300 global ports. ZIM leverages digital
strategies and a commitment to ESG values to provide customers
innovative seaborne transportation and logistics services and
exceptional customer experience. ZIM's differentiated global-niche
strategy, based on agile fleet management and deployment, covers
major trade routes with a focus on select markets where the company
holds competitive advantages. Additional information about ZIM is
available at www.ZIM.com.
About Data Science Consulting Group (DSG)
DSG provides a suite of Enterprise AI offerings to proactively
manage the risk and uncertainty associated with typical AI
implementation and ensure AI systems continue to work over time,
providing ongoing, long-term business impact. For almost a decade,
DSG has been a global leader in the development of AI and machine
learning based products, solutions, and models for enterprises
and as such, understands the complexity of building scalable
AI. DSG was founded in 2015 by Dr. Elan Sasson, an AI expert, Dr.
Gideon Rosenthal, a brain-science AI
expert, and Shaul Abergil, a senior data scientist, as a leading
center of excellence in artificial intelligence, in order to supply
large organizations in various industries with machine learning
tools in order to provide such organizations business and financial
competitive edge.
ZIM Forward-Looking Statements
This press release contains or may be deemed to contain
forward-looking statements (as defined in the U.S. Private
Securities Litigation Reform Act of 1995 and the Israeli Securities
Law, 1968). In some cases, you can identify these statements by
forward-looking words such as "may," "might," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict,"
"potential" or "continue," the negative of these terms and other
comparable terminology. These forward-looking statements, which are
subject to risks, uncertainties and assumptions about the Company,
may include projections of the Company's new service capabilities
and advantages, future financial results thereof, as well as its
anticipated growth strategies and anticipated trends in its
business. These statements are only predictions based on the
Company's current expectations and projections about future events
or results. There are important factors that could cause the
Company's actual results, level of activity, performance or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements. Factors that could cause such
differences include, but are not limited to: market changes in
freight, bunker, charter and other rates or prices, new legislation
or regulation affecting the Company's operations, new competition
and changes in the competitive environment, the outcome of legal
proceedings to which the Company is a party, and other risks and
uncertainties detailed from time to time in the Company's filings
with the U.S. Securities and Exchange Commission, including under
the caption "Risk Factors" in its 2021 Annual Report.
Although the Company believes that the expectations reflected in
the forward-looking statements contained herein are reasonable, it
cannot guarantee future results, level of activity, performance or
achievements. Moreover, neither the Company nor any other person
assumes responsibility for the accuracy and completeness of any of
these forward-looking statements. The Company assumes no duty to
update any of these forward-looking statements after the date
hereof to conform its prior statements to actual results or revised
expectations, except as otherwise required by law.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
DSG Contacts
Dr. Elan Sasson
CEO and Co-Founder, Data Science Group
+972-54-440-8089
info@dsg.ai
Media Contact
Iris Weinstein
CEO, NewStory Group
+972-54-436-3334
irisw@newstory-group.co.il
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