Pelico recently secured $40 million, propelling the company to accelerate the growth of its artificial intelligence-powered supply chain orchestration platform for manufacturing operations in North America. This latest funding round brings Pelico’s total funding to $72 million.
The company’s platform currently operates in over 15 countries, supporting more than 1,000 factories worldwide. Notably, half of the top 10 aerospace and defense companies currently leverage Pelico’s solution.
Pelico founder and CEO Tarik Benabdallah explained the company’s mission: “We started Pelico in 2019 to solve the dilemma that a single late part can halt a billion-dollar production and limit the ability to innovate. Our AI-powered co-pilot is built to solve this by creating a connected, real-time view of supply chain operations.”
The platform effectively synchronizes teams and processes, eliminating challenges stemming from siloed teams and fragmented supply chains. This enhances decision-making, fosters collaboration, and improves responses to disruptions.
Companies using the Pelico platform have experienced significant improvements, including an average 40% reduction in parts shortages, a 40% decrease in maintenance and repair operations (MRO) cycle times, and a 15% increase in on-time deliveries.
Larry Bohn, managing director at General Catalyst, which led the funding round, emphasized the critical need for resilient supply chains. “Supply chain fragmentation is one of the most urgent challenges in global manufacturing,” Bohn stated. “We saw Pelico’s potential to transform complexity into clarity by turning operational data into fast, actionable insights. In today’s turbulent world, ensuring resilient and intelligent supply chains isn’t just a competitive edge — it’s a necessity.”
This investment aligns with broader industry trends. A collaboration between PYMNTS Intelligence and Corcentric, detailed in their report “Digital Payments: Modernizing Procurement Processes,” highlights increased business investment in technologies that boost procurement efficiency. Among manufacturers, 42% are already investing in upgrading their procurement technology, with an additional 44% planning future investments.
In a related development this February, Cleo acquired DataTrans Solutions (DTS) to further build “next-gen procurement automation,” integrating DTS’ capabilities into Cleo’s supply chain orchestration solution.
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News Source: Pymnts.com
