PROCUREMENT & SUPPLY CHAIN,OPERATIONS
Inspectorio | November 24, 2022
Inspectorio, the leading cloud-based AI-powered SaaS solution for supply chain organizations, today announced the release of new features to extend the capabilities of its Inspectorio Sight quality management platform. Inspectorio Sight now includes added support for fabric inspections and production-line quality checks throughout the manufacturing process. By adding digitized quality checks further upstream in the supply chain, manufacturers, suppliers, retailers, and brands can detect and correct production issues earlier, reducing waste and saving time and money.
Inspectorio offers several capabilities including digitized inspections across the supply chain to eliminate manual inspection tasks and provide real-time visibility into the production process to highlight high-risk areas. The new features allow Inspectorio Sight to provide quality control data at multiple points in production and give decision-makers using Inspectorio Sight an end-to-end perspective of production quality.
"As manufacturers and buyers look for new ways to automate their operations, production becomes more data-driven, We developed Inspectorio Sight to automate manual inspections and reveal quality issues using real-time data, ultimately bringing visibility to the quality processes which in the past were not visible at all. With the additional inspection features we're announcing today, we have moved automated inspections upstream. We are closing the loop on quality assurance and delivering data for better fabric quality control from raw material to finished goods. The addition of Inspectorio Fabric Inspections and Production Line Quality Checks moves Inspectorio and the industry towards a holistic quality management solution. Our new offerings enable end-to-end quality performance management from the fabric inspection to the finished goods. Manufacturers, retailers, and brands can now have a holistic understanding of quality performance across their suppliers and factory partners."
-Carlos Moncayo, CEO of Inspectorio.
Inspectorio has added improved quality oversight to two new areas of production:
Fabric inspections, including:
Configurable inspection workflows, purpose built for fabrics.
Centralized inspection scheduling and status tracking.
Executing inspections at the roll level.
Fabric inspection monitoring and reporting.
Analytics on fabric quality and supplier performance for decision-making.
Production line quality checks, including:
Monitoring quality during production to correct defects early and continually improve performance.
Configurable production line quality check standards, so inspectors know what to look for.
The ability to create item inspections from the factory floor using mobile devices.
Immediate uploading of reports to be shared with stakeholders.
Recording data on each shift, assembly line, and production date to identify assembly line performance.
Inspectorio Sight automates and standardizes quality inspections and simplifies data gathering and analysis. Real-time information improves communication between stakeholders, enabling preemptive corrections. Inspection reports are generated in seconds using real-time data. Inspectorio Sight also uses artificial intelligence (AI) and machine learning (ML) to analyze data sets and mitigate risk.
Inspectorio Sight customers report a range of operational benefits, including:
70% time savings on quality control activities.
85% increase in quality team productivity.
94% improvement in inspection pass rate.
Inspectorio leads the transformation of the global production chain by building an interconnected, empowered, and sustainable production network. Inspectorio helps brands, retailers, manufacturers, and suppliers manage risk through digitized quality, compliance and production tracking modules, and is used by over 8,000 customers globally, including some of the world's largest brands and retailers. Inspectorio offers Inspectorio Sight for quality management, Inspectorio Rise for compliance management, and Inspectorio Tracking to facilitate improved production tracking. In November 2022, Inspectorio launched Inspectorio DocuFlow, a document management system built for supply chains. Headquartered in Minneapolis, Inspectorio has over 280 employees across the globe.
Pelico | November 16, 2022
Pelico, the factory operations SaaS platform that empowers manufacturers to deal with rising levels of complexity and volatility in their operations, today announced that it has raised $18M led by 83North and Serena with participation from La Famiglia & ISAI as well as multiple business angels such as Adrien Nussenbaum (Mirakl), Carsten Thoma, Bastian Nominacher (Celonis)... This new fund will give the opportunity to Pelico to grow its team, significantly invest in its technology and expand its internal presence.
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 France, Germany & Switzerland and in various industries (Aerospace & Defense, Luxury…) chose Pelico to tackle their operational challenges. For example, Pelico helped Collins Aerospace reduce logistical cycle times by 50% and Safran reduce parts shortages by 72% in 6 weeks.
The Pelico team is a mix of former operational leaders (Tesla, United Technologies, Mercedes…), experienced software engineers (Palantir, Criteo, Dassault…) and applied math researchers.
“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.
To continue its growth and become the Operations Management System of the modern factory, Pelico will open 50 new positions in France and in the US within the next 18 months. The company which opened an office in the US in 2022 aims to strengthen its international presence to support its customers with a global footprint. This fundraising will also give the opportunity to Pelico to invest in its technology and product, enabling its intelligent assistant to tackle more use cases for factory teams.
“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.”
-Pauline Casta, SIOP and Material Manager at Collins Aerospace.
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 72% our number of part shortages and improved our data quality while allowing our teams to focus on their real added value. Matthieu Gaulon, EVP Support & Services at Safran
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
Pelico is a startup based in Paris created late 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.
83North is a global venture capital firm with over $2.2B under management. The fund invests across all stages, in exceptional entrepreneurs, whose focus is to build global category leading companies.
83North has backed more than 85 companies including AeroScout (acquired by Stanley Black & Decker), Celonis, Hybris (acquired by SAP), iZettle (acquired by PayPal), Just Eat (LSE:JE), Marqeta (NASDAQ: MQ), Mirakl, Payoneer (NASDAQ: PAYO), ScaleIO (acquired by EMC), Vast, Vdoo (acquired by JFROG), Via, Wandera (acquired by Jamf) and Wolt (acquired by DoorDash).
About Serena Capital:
Serena invests in bold ventures and provides them with an unrivaled level of expertise and operational resources in Paris and New York.
Serena’s portfolio can leverage an experienced team of Operating Partners and a very active C-Level community, the Serena Squad, open exclusively to present and past companies, each contributing to the other's success.
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 La Famiglia:
La Famiglia is a European seed and growth stage venture capital fund investing in technology companies that enable or disrupt large industries. We are backed by a selection of world-leading entrepreneurs from various industries that provide precious early market access, impactful partnerships and deep expertise for our portfolio companies. More than a regular venture fund, La Famiglia serves as a trusted access platform creating unique relationships between the old and the new world, enabling real differentiated leverage on capital.
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. ISAI Gestion, an investment management company approved by the AMF, with over €500 million under management, aims to finance and support high potential Tech companies, at the seed/post-seed stage (venture capital, ticket from € 150k ticket to € 3m with participations in successive rounds) or when they have already reached the break-even stage (Tech Growth/LBO, tickets from €5m to €50m).
Infinite Electronics, Inc. | January 20, 2023
On January 19, 2023, Infinite Electronics, Inc., the leading global supplier of electronic components, announced the acquisition of Bulgin Ltd, a UK-based developer and manufacturer of connectors and related components for harsh-environment applications. Equistone Partners Europe, a renowned European mid-market private equity firm, was the previous owner of Bulgin.
Bulgin has over a century of expertise designing, developing, and producing IP66, IP67, IP68, and IP69K severe environment connectivity solutions for customers in various industries. Bulgin is focused on bespoke services and custom capabilities, as well as fast prototyping and a Rapid Response Team (RRT) to meet customers' urgent needs. Since Equistone acquired the company in 2019, Bulgin has expanded dramatically, opening a new site in Tunis, Tunisia, as well as new headquarters in Cambridge, UK.
Bulgin has over 600 distributor locations across 60 countries and six continents. It employs 680 people worldwide, including its headquarters in the United Kingdom, businesses in Tunisia and Santa Fe Springs, California, as well as a foothold in the Asia-Pacific region.
This acquisition expands Infinite Electronics' presence in Europe. It follows the company's announcement of entering a definitive agreement to acquire Cable Connectivity Group (CCG) from Torqx Capital Partners and TKH Group NV, a leading producer and distributor of specialty cables and cable connectivity solutions. These acquisitions are prominent milestones in Infinite Electronics' six-year rapid growth. These slew of acquisitions are the latest milestones in Infinite Electronics' aggressive expansion over the last six years.
About Infinite Electronics, Inc.
Based in Irvine, California, Infinite Electronics is a leading global electrical component supplier, meeting engineers' urgent needs through a family of well-known and trusted brands. It offers a diverse range of components, assemblies, and wired/wireless connectivity solutions and serves the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite's brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables, Integra Optics, INC Installs and NavePoint. By working quickly to supply goods, solutions, and real-time support to its clients, its brands help move the world's innovators forward.