Pelico, a Paris, France-based SaaS platform for factory operations that empowers manufacturers to deal with rising levels of complexity and volatility in their operations, announced that it raised $18.5 million in funding.
The round was led by 83North and Serena, with participation from La Famiglia & ISAI as well as multiple business angels such as Adrien Nussenbaum (Mirakl), Carsten Thoma, and Bastian Nominacher (Celonis).
The funds will allow Pelico to grow its team, significantly invest in its technology, and expand its internal presence. It will also allow Pelico to invest in its technology and product, enabling its intelligent assistant to tackle more use cases for factory teams.
“The complexity of operations in discrete manufacturing is constantly increasing as we are switching from a model of mass production to a model based on personalized products, reduced volumes and shorter cycle times. This complexity is also reinforced by recurring supply chain shocks (brexit, covid, ukrainian war…). Our job is to absorb all this complexity in order to help operational teams continuously monitor risks in the production chain and facilitate the decision-making process across the factory” explains Tarik Benabdallah, CEO and Co-founder of Pelico
Pelico will open 50 new positions in France and the United States over the next 18 months to continue its growth and become the operations management system of the modern factory. It plans to expand its international presence to provide a global footprint to its customers.
Company: Pelico
Raised: $18.5M
Round: Unknown
Funding Month: November 2022
Lead Investors: 83North and Serena
Additional Investors: La Famiglia & ISAI, Adrien Nussenbaum, Carsten Thoma, and Bastian Nominacher
Company Website: https://www.pelico.ai/
Software Category: Factory Operations SaaS Platform
About the Company: Pelico was founded in 2019 by engineers coming from both the manufacturing and tech worlds. Pelico’s operations management system connects factory teams to manage daily volatility and deliver products on time, at cost. It empowers factory teams to continuously anticipate bottlenecks, act fast with AI-assisted recommendations, and collaborate across teams on the implementation of corrective actions. Pelico is based in Paris, France.
Source: https://www.businesswire.com/news/home/20221115005990/en/Pelico-Raises-18.5M-to-Help-Manufacturers-Manage-Factory-Operations-in-an-Increasingly-Complex-Volatile-Context