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Pelico Raises $40 Million for AI-Powered Supply Chain Orchestration Platform
- Pelico has raised $40 million to accelerate the growth of its AI-powered supply chain orchestration platform for manufacturing operations in North America.
- The platform is deployed in more than 15 countries, supporting companies that operate over 1,000 factories worldwide.
- Pelico's customers include half of the top 10 aerospace and defense companies.
- This funding round brought Pelico’s total funding to $72 million.
- The AI-powered co-pilot is designed to create a connected, real-time view of supply chain operations.
- The platform synchronizes teams and processes, enhancing decision-making, collaboration, and responses to disruptions.
- Companies using the platform have seen significant improvements, including a 40% reduction in parts shortages and maintenance times, and a 15% increase in on-time deliveries.
- General Catalyst led the funding round, highlighting Pelico's potential to transform operational data into actionable insights.
- Businesses, including manufacturers, are increasingly investing in technologies to improve procurement processes.
- Cleo recently acquired DataTrans Solutions to enhance procurement automation in the supply chain orchestration space.
- The collaboration aims to ensure resilient and intelligent supply chains amid global manufacturing challenges.
- Investments in upgrading procurement technology are on the rise, with 42% of manufacturers currently investing in this area.
- Pelico's platform aims to address the urgent challenge of supply chain fragmentation and enhance operational efficiencies.
- The company's AI-powered solution has shown tangible benefits for companies across various industries.
- The Pelico platform emphasizes the importance of real-time data for informed decision-making and improved supply chain performance.
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