Pendulum, a provider of real-time planning solutions for the global supply chain, announced it has raised $22 million in total funding to develop the first self-correcting AI platform for supply chains.
The investment includes $11 million in non-dilutive R&D capital and $11 million in venture capital from Lowercarbon Capital, Cross Border Impact Ventures, Decisive Point, Collab Fund, and Blaise Agüera y Arcas, VP/Fellow and CTO of Technology & Society at Google.
“Organizations today face the same challenges financial markets overcame with far-reaching algorithms: automated decision-systems that learn from the world and develop new plans at the speed of global change,” said Benjamin Thelonious Fels, CEO of Pendulum.
“Pendulum will deliver the platform businesses need to forecast, optimize, and self-adjust across supply and demand, enabling the enterprise to operate with new flexibility and power in this era of volatility and acceleration.”
Pendulum is AI for strategic business planning so the enterprise can master supply vs. demand. Trusted by industry leaders across retail, healthcare, and national security, Pendulum AI predicts demand, optimizes supply and ensures asset visibility – the AI continuously improving on its own. Pendulum is built on foundation models for supply and demand, developed over years of MIT-grade R&D.