Pelico Raises $18.5M to Help Manufacturers Manage Factory Operations in an Increasingly Complex & Volatile Context
Pelico, a factory operations SaaS platform, has raised
- Raised $18M funding, enabling technology investment and team expansion.
- Demonstrated success with clients reducing logistical cycle times by 50% and part shortages by 72%.
- Plans to create 50 new positions in France and the US, indicating growth and expansion.
- None.
With this new funding round, Pelico aims to become the Operational Management System of the modern factory
Supply chain and manufacturing have become more complex than ever, with volatile demand, fragmented supply chains and an increasing complexity in products. Because operational context changes faster than the teams’ ability to plan, those teams spend their time firefighting these unplanned disruptions. This puts at risk revenue as sales are delayed, and margins as last minute solutions are costly. Pelico acts as an operations management system for factory teams. It empowers factory teams to:
- continuously anticipate bottlenecks such as part shortages,
- act fast with AI-assisted recommendations and simulations,
- quickly resolve issues with team collaboration over a common view of data.
Since its creation in 2019, multiple manufacturing leaders across
The Pelico team is a mix of former operational leaders (Tesla, United Technologies, Mercedes…), experienced software engineers (Palantir,
“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
To continue its growth and become the Operations Management System of the modern factory, Pelico will open 50 new positions in
“The Covid crisis has created new challenges and an explosion of last-minute unplanned issues in factory operations and production planning. Pelico has enabled us, thanks to digitalization tools, to optimize and make our industrial risk management processes more robust.”
“In a ramp-up context with high volatility and complexity in operations, strengthening our operational excellence by leveraging the latest digital technologies is a key strategic priority.
Pelico empowers our teams with a data-rich system that continuously monitors operational bottlenecks, checks the robustness of our plannings and empowers to act fast.
Thanks to Pelico, we reduced by
“The complexity of industrial operations has greatly increased in the pandemic and economic context of the last two years. To enable operational teams to manage their production in an optimal way, Pelico has developed a suite of analysis, collaboration and simulation tools that is unique on the market and can be deployed in only a few weeks. Two years after meeting founders Tarik, Mamoun, and Jonathan at the inception of Pelico, we are very excited to partner with them in this important expansion phase.” Xavier Lorphelin, Managing Partner at Serena
About Pelico
Pelico is a startup based in
About 83North
83North is a global venture capital firm with over
83North has backed more than 85 companies including AeroScout (acquired by Stanley Black & Decker),
About
Serena invests in bold ventures and provides them with an unrivaled level of expertise and operational resources in
Serena’s portfolio can leverage an experienced team of
Founded in 2008 by entrepreneurs for entrepreneurs, Serena’s core belief is that VCs should work for their organizations, not the other way around.
About
More than a regular venture fund,
About ISAI
Nearly 300 successful entrepreneurs, who have invested in ISAI funds, and more than 50 ISAI-backed start-up co-founders share the collective ambition of co-writing great entrepreneurial stories. ISAI invests in differentiated projects run by ambitious teams that it selects rigorously and actively supports.
About the business angels
-
Carsten Thomas - Founder Hybris, ex-SAP Executive -
Adrien Nussenbaum - CEOMirakl -
Bastian Nominacher - CEO
Celonis -
Alex LeQuoc - CTO Datadog -
Florian Douetteau - CEO
Dataiku -
Jonathan Benhamou &Clément Buyse - People doc -
Charles Miglietti - CEO Toucan Toco
View source version on businesswire.com: https://www.businesswire.com/news/home/20221115005990/en/
Archetype / July GIL
july.gil@archetype.co
Source: Pelico
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