Qnum Analytics LLC announced today that it has been accepted for membership into The Batchery, a Berkeley, California-based global incubator for seed-stage startups.
The Johannesburg software company that provides automated inventory reconciliation solution for the dry bulk industrials and enables organizations to minimize inventory shrinkage, improved ROI’s, deliver better productivity and accountability,
The Batchery is a constellation of 50 tech veterans with backgrounds at companies like Oracle (NYSE: ORCL), Google (NASDAQ: GOOG) and Accenture (NYSE: ACN). They include investors from the Sand Hill Angels, Sierra Angels, Berkeley Angel Network and more.
“We are super excited to join The Batchery and take our innovation globally via Silicon Valley, said Bheki Nkomo CEO of Qnum Analytics.
“The Batchery provides us with a dynamic environment where we can access resources and receive valuable advice crucial to helping us navigate through obstacles experienced by early stage startups. The Qnum team looks forward to accelerating our development and growth working with The Batchery’s mentors and advisors over the coming months.”
“The Batchery supports startup entrepreneurs who are building ventures poised for explosive growth and their belief in Qnum as a team and our product offering makes the engagement a key milestone in the growth of Qnum Analytics.
Qnum Analytics is a B2B SaaS smart inventory reconciliation solutions provider for the dry bulk industrial sector. The business is domiciled in Delaware, United States and currently operates in Johannesburg, South Africa with presence in Kenya, Zimbabwe, and Nigeria.
Qnum Analytics LLC was incorporated on February 22, 2018 while the founders have been working on the flagship product since April 2016, aiming to bring about a fundamental disruption in the way stock is being managed in the manufacturing and distribution sectors.
The team identified an opportunity to develop a solution that would bridge the integration gap between financial records and the stock measurement techniques by tracking stock transactions in terms of mass and the audit equivalents. That was the pivot to becoming a data-science powered SaaS provider bringing about major cost savings for bulk stock producers.