Delta Corp announces acquisition of maritime AI startup Quantship
31st October 2021, by Administrator
Delta Corp, (“Delta”) is proud to announce our strategic acquisition of Quantship, a pioneering AI platform, which utilizes cutting edge quant algorithms to unlock value in freight markets.
Quantship was incubated at Entrepreneur First, Singapore in 2019 by Kaushik Reddy and Sudeept Sinha. “With interdisciplinary experience in shipping and quant trading, the founders were able to quickly execute and build an AI platform that has unlocked tremendous value for the bulk shipping community”, said Bernadette Cho, General Manager and Partner at Entrepreneur First, Singapore.
Quantship’s proprietary algorithms process millions of data points across geo spatial and terrestrial data sources to provide comprehensive actionable insights on the freight markets.
“The acquisition of Quantship is testament to the fact that Delta Corp is at the forefront of an increasingly digital shipping world, where data-driven decision making is key to gaining a competitive advantage,” said Mudit Paliwal, CEO of Delta Corp.
“We see great potential in the team and the technological capability and see other areas for potential collaboration within Delta offerings to its customers, where Quantship’s expertise could come in handy” added Mudit Paliwal.
Quantship will continue to operate its office in Singapore and the founding team will continue to work with Delta Corp.
“We are extremely proud to start a new chapter with Delta Group and look forward to joining an extremely agile and professional team, which is revolutionizing the way bulk shipping is being traded,” said Kaushik Reddy, CEO of Quantship.
Delta Corp is a fast-growing global Logistic provider in the marine transportation space and a fuel supply & distribution company with offices in 12 countries.