Investing.com - Artificial intelligence startup Dot Ai and Würth Group's North American unit have announced a new partnership to enhance the tracking service for the fastener maker's clients.
In particular, the deal will allow Würth Industry North America's manufacturing and industrial clients to gain access to Dot Ai's track and trace technology as well as a cloud-based AI platform. WINA, a segment of the privately-held German screw manufacturer Würth Group, is worth more than $1 billion and aims to lower customers' expenses through customized logistics solutions.
The announcement comes as SEE ID, Inc., which does business as Dot Ai, expects to go public via a merger with special purpose acquisition vehicle ShoulderUp Technology Acquisition Corp. The tie-up, which was first announced in March, is expected to close in the second half of this year and result in Dot Ai being listed on the Nasdaq under the ticker"DAIC."
"Partnering exclusively with is a significant step in bringing our advanced tracking technology to the manufacturing sector," said Dot Ai Chief Executive Edmund NabrotzkyRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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