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Pendulum has raised $22 million to develop a self-correcting AI platform for supply chains. This funding includes $11 million in non-dilutive R&D capital and $11 million in venture capital from notable investors. The platform aims to enhance real-time planning and decision-making across various business functions.
The AI platform connects inventory, marketing, procurement, and pricing decisions, allowing businesses to adapt quickly to market changes. Pendulum's technology has already shown success, with clients like Adore Me reducing stockouts by 16%. The platform is designed to address the complexities of modern supply chains, especially in the face of unpredictable demand and external disruptions.
• Pendulum raised $22 million for an AI supply chain platform.
• Adore Me reduced stockouts by 16% using Pendulum's AI solutions.
Self-correcting AI refers to systems that autonomously adjust their operations based on real-time data and insights.
Demand forecasting involves predicting future customer demand to optimize inventory and supply chain management.
Proprietary AI refers to unique algorithms and models developed by a company to enhance its products and services.
Pendulum specializes in AI-driven supply chain solutions, enabling businesses to optimize operations and adapt to market changes.
Element AI focuses on developing AI solutions for various industries, enhancing decision-making and operational efficiency.
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