Pigment, a Paris-based company that specializes in providing planning and scheduling solutions for manufacturing companies, has recently secured €82.2 million in Series C funding. The funding round was led by Eurazeo, a leading global investment company, and included participation from existing investors such as Idinvest Partners, Bpifrance, and Frst.
The latest funding will be used to accelerate the development of Pigment’s planning platform, which uses artificial intelligence (AI) and machine learning (ML) to automate the planning and scheduling process for manufacturing companies. The platform is designed to help companies optimize their production processes, reduce costs, and improve efficiency.
Pigment’s planning platform is already being used by several leading manufacturing companies in Europe, including Airbus, Safran, and Michelin. The platform has been praised for its ability to provide real-time visibility into production processes, enabling companies to make informed decisions about resource allocation and production planning.
The platform uses AI and ML algorithms to analyze data from various sources, including production schedules, inventory levels, and customer demand. The algorithms then generate optimized production plans that take into account factors such as machine availability, labor capacity, and material availability.
The platform also includes a range of features that enable companies to monitor production processes in real-time. This includes a dashboard that provides real-time visibility into production performance, as well as alerts and notifications that enable companies to quickly respond to any issues that arise.
Pigment’s planning platform is part of a growing trend towards automation in the manufacturing industry. As companies look to improve efficiency and reduce costs, many are turning to AI and ML technologies to automate repetitive tasks and optimize production processes.
The latest funding round is a testament to the growing demand for Pigment’s planning platform and the potential for AI and ML technologies to transform the manufacturing industry. With the additional funding, Pigment will be able to accelerate the development of its platform and expand its reach to more manufacturing companies around the world.
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- Source: Plato Data Intelligence.