Milky Way AI
Milky Way AI, based in Singapore and operating remotely, specializes in AI-powered retail solutions that enhance sales and operational efficiency for businesses in Southeast Asia.
Company Overview
Milky Way AI, formerly known as Milky Way AI Pte. Ltd, is based in Singapore and operates in the retail segment of the B2B industry. The company was part of the Y-Combinator S21 batch and has a team size of 5. They provide AI-powered solutions to optimize various business operations, including sales, marketing, operations, and finance. Their services cater to multiple regions, including Singapore, Southeast Asia, and even remote locations.
Products
Milky Way AI has launched InstaShelf, an AI-powered retail platform. InstaShelf delivers real-time insights, streamlining processes within sales, marketing, operations, and finance teams. The platform helps businesses optimize sales by automating manual data entry and replacing manual audits, which can improve sales by up to 5%. It also enhances field sales productivity by addressing on-shelf availability gaps and offers competitive analytics like Share of Shelf, Promotions, and Pricing Strategy insights.
Technology
Milky Way AI leverages advanced AI models that require 100x less training data compared to conventional models, allowing for deployment 10x faster. This technology ensures that up to 30% of the entire product universe can change on a weekly basis. The innovative solution provides valuable insights into competitors’ Share of Shelf, Promotions, New Products, and overall strategy, thereby helping clients stay ahead in the competitive retail market.
Market and Region
Milky Way AI operates predominantly in Singapore and Southeast Asia, with capabilities to serve clients remotely and fully remotely. Their AI solutions are designed to address the needs of businesses in these regions, helping them to optimize retail operations and gain a competitive edge in the market. The company's innovative approach and real-time insights have made them a valuable player in the B2B retail industry.
Y-Combinator
Milky Way AI was part of the Y-Combinator S21 batch. Y-Combinator is a well-known startup accelerator that selects promising startups and provides them with seed funding, advice, and introductions to potential investors. Being a part of this batch has likely provided Milky Way AI with significant exposure and resources to accelerate their growth and innovation in the B2B retail sector.