Pendulum, a Washington, DC-based AI company specializing in real-time supply chain planning, has secured $22 million in funding.
Investors
The funding 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.
The company also announced that Jean-François Gagné, co-founder of Element AI, is joining as Chief Strategy and Product Officer.
Pendulum Use of Funds
The company intends to use the funding to accelerate the development of its self-correcting AI platform for supply chains.
About Pendulum
Founded by Benjamin Fels and Suvrit Sra, Pendulum is an AI for strategic business planning to help enterprises master supply and demand. Its AI predicts demand, optimizes supply, and ensures asset visibility, the AI continuously improving itself. Pendulum serves enterprises across retail, healthcare, and national defense, with customers including Victoria’s Secret-owned Adore Me and the U.S. Department of Defense.
Funding Details
Company: Pendulum Systems, Inc.
Raised: $22.0M
Round: Unknown
Funding Date: February 2025
Investors: Lowercarbon Capital, Cross Border Impact Ventures, Decisive Point, Collab Fund, Blaise Agüera y Arcas
Company Website: https://www.pendulum.global/
Software Category: AI Supply Chain Management
Source: https://www.pendulum.global/resources/jean-francois-announcement