Predicting and preventing production losses

Israel’s Seebo, the predictive quality and yield solution, is extending its Series B financing round, for a total of $24 million.

The funding will be used to further expand its global reach and continue enhancing its process-based artificial intelligence solution. The round is led by Vertex Ventures with participation from 10D, The Phoenix and Leumi Partners.

Glass manufacturers suffer, on average, millions of dollars of losses each year due to various process-driven inefficiencies such as melting-related defects, size, quality and shape variabilities and fabrication efficiency.

Seebo’s process-based artificial intelligence solution enables glass manufacturers to identify process-driven inefficiencies in their production processes, in order to predict and prevent production losses.

The company claims to have succeeded in infusing artificial intelligence algorithms with deep process manufacturing expertise, giving its solution the ability to understand each individual production process.

This saves customers significant funds each year, by revealing the hidden causes of their production losses.

Existing customers include Nestle, PepsiCo, General Mills, Barilla, Mondelez, Allnex and ICL.

www.seebo.com