Firstshift Makes Hatcher+ Top 100 List

July 2, 2024

2 July 2024, Los Altos, CA: Firstshift is proud to announce they have earned a place among the Hatcher+ Top 100 Global Startups for June 2024 - the world’s first-ranked list of startups based on an unbiased, AI-powered, global scoring system for startups. 

“We are thrilled to be honored as one of the Top 100 Global Startups by the team at Hatcher+,” says Firstshift CEO, Hari Menon. “Our team has created an AI-powered supply chain management platform that leverages the latest technology in generative AI and machine learning. It is only fitting to have been selected by a similar approach using an AI-powered scoring system.” 

The Hatcher+ Top 100 scoring system uses a proprietary model based on data from over half a million startups and multiple investment rounds to evaluate startups. Each component of the model assesses a different aspect of a startup’s sector, technology fit, market position, and future potential, providing a numerical score between 400 and 900, with an average score around 650 indicating an average likelihood of success.  The system is language agnostic and specifically designed to reduce biases based on age, location, race, religion, and sector.

"Unlike traditional startup rankings, companies included in the Hatcher+ Top 100 undergo a thorough and independent evaluation process, reflected in their Hatcher+ Score, using a complex algorithm that we have tried to make as unbiased and relevant as possible,” says John Sharp, Managing Partner of Hatcher+. “It is our hope that this approach will help founders and their companies refine their strategic vision, grow awareness, and raise the capital they deserve."

The 100 winning startups were announced at midnight Singapore time on June 30, 2024, and their names have been published on the Hatcher+ website at https://hatcher.com/founders and on the Hatcher+ LinkedIn page.

For media enquiries, journalists should contact:

Hari Menon, CEO, Firstshift, hmenon@firstshift.ai 

 Hans Yong, Head of Marketing, Hatcher+, hans@hatcher.com

 

About Firstshift

Firstshift is an innovative provider of AI-powered supply chain planning software that offers advanced supply chain planning capabilities to companies in Consumer Goods and industrial verticals, including Food & Beverages, OTC Pharma, Apparel & Footwear, and others.  The company was founded by veteran supply chain software entrepreneurs and executives motivated by the strong belief that AI will play a transformative role in the supply chains of all enterprises. Firstshift’s cloud-native software platform leverages the latest in AI innovations, including deep learning and generative AI. For more information visit www.firstshift.ai

  

About Hatcher Plus Pte Ltd (“Hatcher+”) 

Hatcher+ is a leading venture capital firm specializing in the development of advanced software and AI-based data models to support fast fund creation, AI-powered deal analysis, and intelligent capital deployment. The Hatcher+ FAAST™ platform offers comprehensive solutions for fund administration, enabling efficient portfolio construction and real-time financial data visualization. FAAST™ Founder extends these capabilities to startups, providing tools such as AI-powered Executive Summary and Pitch Deck Analysis, a secure data room, cap table management, and investor CRM. These features ensure impactful and scalable investment strategies, empowering both investors and founders to achieve their business goals with confidence.

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Firstshift is an innovative provider of AI-Powered supply chain planning solutions for large and medium-size enterprises. Firstshift's customer base includes leading brands in CPG, Food & Beverage, Industrial products and Apparel & Fashion industries. For more information visit www.firstshift.ai.

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