Noodle.ai, a San Francisco, CA-based supply chain system of intelligence, announced that it closed a $25 million Series C funding round, bringing Noodle.ai's total funding to more than $100M.
ServiceNow and Honeywell Ventures led the round.
The investments further validate Noodle.ai's innovative AI-driven platform, Inventory Flow, a supply chain system of intelligence that enables companies to navigate some of the world's most complex supply chain challenges profitably.
Noodle.ai will use the funds to accelerate product innovation and technology integrations, to support a growing customer base of companies across a wide range of industries heavily reliant on the global supply chain, including consumer packaged goods (CPG), food and beverage, beauty and cosmetics, metals, automotive, paper and pulp, and more.
"The past few years have seen a shift from a 'normal' world, where supply chain planners could make reasonable assumptions that generated good-enough projections, to the "post-normal" world of today's unprecedented supply chain chaos," said Stephen Pratt, founder, and CEO of Noodle.ai. "Noodle.ai is combining human expertise with AI to science the crap' out of supply chain predictions and corrections so that companies can achieve wildly profitable outcomes. We're delighted that our funding partners share our vision and have confidence in our ability to deliver real solutions to a major global problem."
Company: Noodle Analytics, Inc.
Raised: $25.0M
Round: Series C
Funding Month: September 2022
Lead Investors: ServiceNow and Honeywell Ventures
Additional Investors:
Company Website: https://noodle.ai/
Software Category: Supply Chain System of Intelligence
About the Company: Founded in 2016 and led by CEO Stephen Pratt, Noodle.ai is the creator of a supply chain system of intelligence with a clear mission: to create a world without waste. The Noodle.ai system of intelligence manages supply chain risk to conquer hidden waste and boost profits. It injects intelligent decisions into existing systems of record and planning systems. It also creates millions of AI-generated corrective actions and automatically updates your supply chain systems, operating at a scale beyond humans' reach. Noodle.ai has responded by creating a supply chain system of intelligence optimized to enable companies to navigate the highly dynamic “post-normal” environment. Based on Noodle.ai’s Enterprise AI® advanced capabilities, the production-proven Inventory Flow platform ensures that the right stuff flows to the right place at the right time—with less drama.
Source: https://www.prnewswire.com/news-releases/servicenow-honeywell-back-noodleai-with-25m-series-c-to-end-global-supply-chain-crisis-301636720.html?tc=eml_cleartime