Mate Labs

Mate Labs, officially Matelabs Innovations Private Limited, was a Bengaluru-based artificial intelligence startup established in 2016. The company was founded by Kailash Ahirwar, Rahul Vishwakarma, and Ranjita N. The founders, Rahul Vishwakarma and Kailash Ahirwar, are both graduates of the National Institute of Technology. Before starting Mate Labs, they gained experience by consulting with various companies on AI and machine learning projects, which helped them identify a market need for accessible AI tools. Vishwakarma, with a background in chemical engineering, previously worked as a Process Control Design Engineer in the oil and gas sector, contributing to large-scale projects. This experience informed the vision for Mate Labs: to create automated engines for end-to-end supply chain management.

The company's core offering was Mateverse, an AI-based platform designed to provide demand forecasting for supply chains. Initially launched as a horizontal AI platform to help non-developers build machine learning models without coding, Mateverse evolved into a specialized demand forecasting engine, "Mateverse DF". The platform served clients in the Fast-Moving Consumer Goods (FMCG), Consumer Packaged Goods (CPG), pharmaceutical, e-commerce, and retail sectors. Mate Labs operated on a Software-as-a-Service (SaaS) business model. The platform's features included automated data cleaning, algorithm selection, demand driver analysis, crisis forecasting, and new product forecasting, aiming to deliver real-time predictions significantly faster than traditional methods. By increasing forecast accuracy, the platform intended to help businesses reduce overstocking, minimize inventory waste, and improve production efficiency.

Mate Labs secured a total of $570,000 in funding over six rounds. A significant seed funding round in September 2018, led by Omphalos Ventures India, raised $550,000. Other investors included Zeroth.AI, Eagle10 Ventures, and Khattar Group Companies. A notable achievement for the startup was representing India at Google Demo Day in 2019. Despite its initial traction and product development, information from Tracxn indicates that Mate Labs is now a deadpooled company.

Keywords: Mate Labs, Matelabs Innovations, Mateverse, demand forecasting, supply chain management, AutoML, Kailash Ahirwar, Rahul Vishwakarma, artificial intelligence, machine learning, CPG forecasting, FMCG supply chain, pharma forecasting, retail analytics, predictive analytics, SaaS, inventory optimization, data analytics, automated machine learning, supply chain automation