Why we've raised $18.5M and how it will enable manufacturers to deal with complex & volatile supply chains

Pelico just raised a Series A round and this is great news for factory teams.

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Manufacturing today has never been more complex.

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On top of day to day challenges, teams have to deal with a supply chain crisis and an extremely volatile environment.

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Everyday, factory teams show up at work, ready to execute their plans only to discover that new bottlenecks have appeared: late deliveries from suppliers, customer needs that need to be adjusted or internal production delays that have cascading effects. This jeopardizes revenue - as sales were delayed - , and eats margins - as last minute solutions are always costly.

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‍Traditional tools and processes have reached their limits. We believe it’s time to empower factory teams to take back control of their operations.

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‍This is why we have decided to found Pelico in 2019.

We are on a mission to empower factory teams to manage daily volatility and deliver products on time, at cost.

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Over the past 3 years, we assembled a team of seasoned engineers and data scientists coming from both the manufacturing and Tech worlds.

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We developed a factory operations management system to empower teams to:

• Continuously anticipate bottlenecks,
• Get personnalized recommended actions to mitigate issues,
• Simulate alternative production scenarios to take decisions faster and streamline cross functional collaboration.

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Since we started, multiple leading manufacturers in France, Germany & Switzerland and in various industries (Aerospace & Defense, Luxury…) adopted Pelico to tackle their operational challenges. For example, Pelico helped Collins Aerospace reduce logistical cycle times while increasing team productivty by 30%. Pelico also helped Safran reduce parts shortages by 72% in 6 weeks.

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We are now extremely happy to share that we have just closed a $18.5 M series A round.

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With this funding round we are entering a new phase of our development. Funds will be used to:

• Strengthen our international presence to support its customers with a global footprint,
• Sustain our technology investments to make Pelico even more intelligent and capable of solving more use cases for factory teams,
• Accelerate our commercial development.

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This is only the beginning and we're commited to make Pelico the operations management system of the modern factory.