Our Story

After interning in the pharmaceutical industry and e-commerce startup world,  Ali graduates from the University of Pennsylvania with Bachelors & Masters degress in Chemical Engineering. While there, he teaches engineering seniors how to eliminate bottlenecks.  Instead of continuing cancer research, he chooses to work for the world's leading oilfield services company to contribute to the American Shale Frac Boom in Texas, Oklahoma, Arkansas, and Louisiana.
 
Successful Case Studies 
Saving Manufacturing Warehouses Thousands
Manufacturing Maintenance creates a supply chain and set of inventory requirements like this minimum safety stock, high turnover of consumables, no out of stock situations, and parts quality assurance. This  company had an annual inventory turnover of 1MM USD+, and margin structure that involves high costs variability for logistics, storage, and certifications that can often be 75% of total costs for a business!

RigBasket Continuous Improvement SaaS reduces costs real time, with confidence. Our platform provided a 5X Return on Investment for manufacturing operation by reducing the analysis time from 3 weeks to less 30 minutes.
 

The ThroughPut Vision: Supply Chains With Zero Downtime

Global supply chain's smartest Augmented Intelligence Advisor. 
 
Our unique software-as-a-service platform is built by industry insiders and continuously discovers bottlenecks to improve financial throughput

~"The Palantir of Supply Chain"
Inventory Joe
30-Year Inventory Warehousing Professional Consultant
 
Wow I've never anything like this before. It took me weeks to figure out what you did in minutes.
Accelerator Founder
Serial Entrepreneur, Angel Investor, Energy Guru
 
One of the most impressive entrepreneurial teams in Houston. 
What industry experts are saying about 
our platform

Copyright © 2017 RigBasket, LLC

2011

2012

Khizer leaves building robots at the Engineering Labs of Penn  with degrees in Economics, Mechanical Engineering, and Advanced Robotics. After an internship at Toyota, Khizer decides to follow Ali into the oilfield where the hardware application opportunities are wide open.

2013

Ali makes history in Shale Gas Fracturing and leads the world's first team to successfully hydraulic fracture an offshore source rock. His team becomes responsible for Dubai's biggest oil producing well. Overtime, he generates over 100 MM USD+ on involved projects for the company. Additionally, he saves companies & clients millions on service quality by having almost zero downtime .

2014

At the age of 26, Ali becomes the company's youngest geomarket hydraulic fracturing manager. In Houston, Khizer's manager realizes he has a "Ferrari going at 60", and positions Khizer to eliminate hundreds of thousands of dollars by automating manufacturing processes.  Then, the Oil & Gas industry downturn begins. Ali sees thousands being laid off due to poor cost management even though his teams are still pushing through sales successfully, and maintaining profits. Khizer becomes a LEAN expert.

2015


After leaving the company being tired of worrying about assets in Yemen 24/7, Ali returns home to  Allentown, PA. 

While in the garage fixing a motor that unexpectedly broke down, he realizes he is missing a part, and has to wait 3 days on delivery to recommence work again. He remembers how in the oilfield, 3  days would have resulted in millions of dollars of damages and sleepless nights. And then it hits him: this unpredictable problem happens every day at every scale. There are limited predictive solutions with the ability to avoid out-of-stock situations, or at least allow people to be more proactive about parts. 

RigBasket is born with the vision of helping organizations bring control to working capital without jeopardizing operations or downturn employment.

Q1 2016

Ali creates the RigBasket inventory marketplace for equipment sharing in the oilfield. Unfortunately, the market does not look favorably upon an open marketplace concept.
 
RigBasket moves to Houston to apply for SURGE Ventures. Unable to join the accelerator, Ali moves operations to the small co-working startup Station Houston.

Q2 2016

RigBasket comes out with the initial analytics engine to test the market. Market response is favorable this time. The RigBasket team figures out the best approach is via an analytics platform. 
 
RigBasket is selected for Collision Alpha 2016 and Microsoft BizSpark programs. RigBasket makes final rounds at the Alchemist and TechStars IoT accelerators. RigBasket starts generating revenue.

Q3 2016

Khizer joins RigBasket as CTO and starts new product development. RigBasket comes out with its descriptive and predictive analytics MVP. Market feedback on the product is positive, but surprisingly from outside of oil & gas.
 
RigBasket realizes there's opportunities in the global supply chain market and discovers ways to improve supply chain using big data analytics. 
 
RigBasket selected for IBM Global Entrepreneurship Program.
 

Q4 2016

Khizer moves to Dubai to test out emerging markets as an area for growth.

RigBasket nominated as Top 5 Startups Techweek Dallas and Top 10 startups at Startup Grind Global Conference 2017.

RigBasket team realizes that oil & gas has the biggest current need but also has the longest sales cycles.

Throughput, Inc is born with the goal of helping anyone in a supply chain role utilize the tools to become a full fledged analyst.    RigBasket starts transitioning to Throughput to become a disruptor in a 5 BN USD niche market, servicing a 40 TR USD industry.
Saving Real Estate Property Managers Millions! 
Property management organizations are constantly struggling to understand how consumer behavior and demographics affect their maintenance and staffing costs. They have a lot of data that takes months to analyze before they can come up with a sound maintenance strategy. 
 
RigBasket's platform quickly analyzes this data and find out the true bottlenecks in their processes using customer demographics in a few short seconds. 
 
Founder, Accelerator
Upper Executive at IAC
 
Ali and Khizer are brilliant entrepreneurs who are solving a very thorny, large problem: how to help companies materially improve their cash flow and earnings by leveraging the power of more predictive inventory management. They personally experienced this issue while working as engineers at Schlumberger and have the talent and vision to execute at scale. Easy to work with, thoughtful, and driven are three words I'd use to describe this team. I've watched their service evolve over the past 8 months and have watched the product evolve to serve at scale.
Submit
Get our free whitepaper by providing your information below
Top Operational Consulting Firm
Director
 
Wow!Wow!Wow! You guys are gonna put so many consultants out of business.

The Supply Chain Waste Elimination Machine 


Artificial Financial Intelligence can now prioritize supply chain tasks. Using unique algorithms built by trusted industry insiders, we offer simple, actionable insights to save you stress and money. Continuously, we eliminate your most costly bottlenecks. 
Product Demos

Our Team

Ali Hasan Raza

Co-Founder & CEO

Schlumberger, Tapinko, GlaxoSmithKline

 UPenn

Expertise: Operations Management, Chemical Process Engineering

Khizer Hayat

Co-Founder & CTO

Schlumberger, Toyota

UPenn

Expertise: Automation, Lean Six Sigma, Manufacturing Management

Tina Choi

Design, UI/UX & Visualization

Schlumberger, Corning, Morton Salt

Cornell

Expertise: Root Cause Analysis, Process Engineering, Lean Six Sigma

Throughput

Sign Up for our Free App

The missing link between your ERP, WMS, Accounting Software and Business Intelligence Tools

Interested in seeing how it works?

Fix the following errors:
Hide