Winsupply buys minority stake in data firm
Winsupply Inc. announces its strategic acquisition of a minority stake in Mined XAI, an AI-driven company known for transforming complex data into strategic insights.
The investment is part of Winsupply’s ongoing commitment to champion innovation and deliver enhanced value to Winsupply local companies, their customers, and vendor partners. Winsupply is a family of companies that includes more than 670 Winsupply local companies and regional wholesalers across the U.S. and service companies for sourcing and business support. Winsupply’s purpose – to build entrepreneurs – is a driving force behind the investment in Mined XAI.
“This partnership is a significant step forward for our company and I am incredibly excited about the value this creates for the local companies, employees, and shareholders,” said President Jeff Dice.
Building on their three-year collaboration, Winsupply and Mined XAI are advancing their partnership to deliver Explainable AI (XAI) solutions for applications in supply chain, purchasing, distribution, and fleet management. This strengthened relationship positions Mined XAI to drive rapid growth while maintaining its commitment to deliver exceptional value to its customers.
“This strategic investment keeps Winsupply at the forefront of leveraging this transformative technology to support entrepreneurs in a business environment of growing complexity,” said Robert DiTommaso, president, support services group, Winsupply Inc. “We have seen the im-pact of using AI in our operational processes and we anticipate this relationship will accelerate our overall business operations.”
Mined XAI is known for its advanced forecasting, scalability for a variety of use cases, fully ex-plainable insights, and customer-centric approach. With Winsupply’s support, the two companies aim to leverage technological innovation for improved customer outcomes.
“We are thrilled to have Winsupply as a strategic partner,” said Ryan Kramer, President and Founder, Mined XAI. “This partnership is a perfect cultural fit, as both of our teams share an en-trepreneurial mindset with a strong focus on results. The trust we have cultivated over the past few years ensures we are aligned in our mission to develop XAI solutions that deliver significant value to Winsupply and the broader marketplace.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Industrial Supply Co. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
