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).
HNA Live | December 21, 2022
HNA Live, a data analytics company serving manufacturing and real estate industries, has selected CLEA, AI/IOT platform from SECO MIND USA LLC for their innovative cloud solution that combines AI and 3D technology to optimize manufacturing facility productivity.
Manufacturing 4.0 is transforming the way manufacturers manage and optimize their operations, from product design and production to distribution and customer satisfaction. HNA LIVE offers granular, privacy-protected, real-time insights into the performance efficiencies and bottlenecks of operations, safety, and quality in the manufacturing space.
"The digital transformations are notoriously difficult to scale up across networks of factories, the pressure to succeed is intense. With CLEA we can rapidly enable manufacturers to capture benefits across the entire manufacturing value chain."
Cooper Mojsiejenko, Chief Executive Officer at HNA Live
HNA Live makes use of LIDAR and other data collection technologies to precisely measure and create 3D models for manufacturing whether it's plant movement, working parts in process, or a building's entire operation. HNA.Live's cutting-edge technology provides more accurate real-time 3D modeling for a manufacturer's business strategy.
"CLEA enables connecting and cloud managing any hardware for smart control, monitoring, and actionable insights. HNA Live is enabling manufacturers to increase production capacity, reduce material losses, improve delivery lead times, and reduce their environmental impact. We are very excited to be part of their journey."
Ajay Malik, CEO of SECO Mind USA
HourNationArchive, INC. is a privately held company located in Denver, CO. HNA Live is a cloud solution that combines AI and 3D technology to optimize manufacturing facility productivity. Connecting LIDAR and other data collection technologies to precisely measure and create 3D models for manufacturing whether it's plant movement, working parts in process, or a building's entire operation. HNA.Live's cutting-edge technology provides more accurate real-time 3D modeling for a manufacturer's business strategy.
SECO Mind USA
Secomind USA LLC is a privately held company located in the heart of Silicon Valley and is a subsidiary of SECO SpA. Secomind delivers AI/IoT software for accelerating digital transformation. It builds turnkey solutions for Vending Machines, Agriculture, Defense, Manufacturing, and Healthcare. Secomind is on a mission to augment the abilities of machines and people by using AI everywhere computing takes place and is a leader in self-supervised learning, incremental learning and reinforcement learning. They have built and deployed AI products for computer vision, air quality, predictive maintenance, vending machines, defense against drones, and more for private, public, and government.
Reell Precision Manufacturing | November 25, 2022
Reell Precision Manufacturing, a world leader in innovative small package motion control, is pleased to introduce the latest addition to its popular SJ Series of multi-axis friction hinges, the SJ500.
The SJ500 is Reell's largest spherical joint hinge. It is available with torques from 4.0 - 8.0 N-m, making it ideal for positioning today's larger monitors and display devices, as well as industrial applications and many other components requiring precise multi-dimension position control in the industrial, medical, office, and consumer electronics marketplace.
All Reell SJ Series hinges have the capability to swivel from side to side with a 60º range of motion, tilt back and forth with a 60º range of motion, and rotate with a full 360º range of motion. They utilize Reell's patented SphericalTorq™ clip technology to perform consistently for a life of 50,000 adjustments. All SJ models have a durable glass-filled molded nylon housing and black finish, presenting an attractive and stylish appearance, while the all-metal shaft, ball, and torque elements are manufactured from nitrided and hardened steel for durable performance.
Global Product Line Manager Jim Brown is excited about the introduction of the SJ500. "The SJ500 expands the capability of our popular SJ platform with increased torque options for larger applications. We can now provide our easy adjustment, smooth feel, and secure holding power to a wider range of customer applications in lighting, monitor mounts and industrial equipment."
AboutReell Precision Manufacturing:
Reell Precision Manufacturing provides high-quality innovative solutions to transmit torque, control angular position and protect delicate components from excessive force. Combining the world's most precisely controlled torque technology with the industry's most experienced engineering team, Reell provides a perfect product fit for customer application. With facilities on three continents, Reell's responsive global customer service and world class manufacturing ensures exceptionally easy ordering and on-time delivery.
Innodisk | November 24, 2022
Innodisk, a leading global provider of industrial-grade flash storage, DRAM memory and embedded peripherals, has announced its latest step into the AI market, with the launch of EXMU-X261, an FPGA Machine Vision Platform. Powered by AMD's Xilinx Kria K26 SOM, which was designed to enable smart city and smart factory applications, Innodisk's FPGA Machine Vision Platform is set to lead the way for industrial system integrators looking to develop machine vision applications.
Automated defect inspection, a key machine vision application, is an essential technology in modern manufacturing. Automated visual inspection guarantees that the product works as expected and meets specifications. In these cases, it is vital that a fast and highly accurate inspection system is used. Without AI, operators must manually inspect each product, taking an average of three seconds per item. Now, with the help of AI solutions such as Innodisk's FPGA Machine Vision Platform, product inspection in factories can be automated, and the end result is not only faster and cheaper, but can be completely free of human error.
Innodisk's FPGA Machine Vision Platform comes with 1GbE LAN, 4 USB 3.1 Gen1 ports, 2 M.2 slots, and a series of other expansion and connectivity options. Thanks to the platform's 0° to 70 °C operational temperature support, and optional industrial temperature support from -40° to +85°C, EXMU-X261 is tough enough for the harshest of industrial environments. In addition, EXMU-X261 features support for Innodisk's InnoAgent out-of-band remote management module, allowing the platform to be remotely managed from anywhere, even during a system crash or an in-band network failure. This is important for any automated system, as it allows for it to be completely unmanned, which further reduces manpower and maintenance costs.
Customers can take advantage of AMD's Xilinx Kria K26 SOM's ability to quickly get applications to market thanks to EXMU-X261's full support for Innodisk's AI Suite SDK. The suite includes an FPGA Model Zoo, as well as Innodisk's in-house software solutions, such as iCAP (Innodisk Cloud Administration Platform), and iVIT (Innodisk Vision Intelligence Toolkit). iVIT for example, provides a deep learning environment for efficient development and deployment of "no-code-operation" solutions.