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

Pelico has raised an $18.5M Series A round.

The volatility factory teams face

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

Every day, 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 are delayed) and eats margins (as last-minute solutions are always costly.

Why we founded Pelico

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

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.

What we built

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

We developed a Manufacturing Orchestration Platform to empower teams to:

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

Early customer results

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 productivity by 30%. Pelico also helped Safran reduce part shortages by 72% in 6 weeks.

How we will use the funding

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

• Strengthen our international presence to support our 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.

This is only the beginning and we're committed to making Pelico the Manufacturing Orchestration Platform for the modern factory.