Pelico Secures Strategic Investment from AE Ventures
Pelico, a platform for AI-driven manufacturing orchestration, has received a strategic investment from AE Ventures, aiming to accelerate its expansion in the aerospace and defense sectors.
Pelico, which provides an AI-driven manufacturing orchestration platform, has secured a strategic investment from AE Ventures, the venture capital arm of AE Industrial Partners. The investment, announced at the Farnborough International Airshow, is intended to accelerate Pelico's North American expansion and strengthen its position in optimizing manufacturing for the aerospace and defense industry.
Pelico's AI-powered platform offers manufacturers a unified operational view to anticipate and manage supply chain disruptions while improving production efficiency. The company reports that clients including Boeing, Safran, and Daikin have achieved an average 40% reduction in parts shortages and a 15% improvement in on-time delivery post-implementation. Boeing Global Services is already utilizing Pelico to streamline complex maintenance operations.
The investment from AE Ventures provides Pelico not only with capital but also access to AE Industrial Partners' extensive network of aerospace and defense companies. This collaboration is set to expedite the adoption of Pelico's technology within an industry currently grappling with historical delays and complex supply chains.
Pelico CEO Tarik Benabdallah stated that the partnership with AE Ventures connects Pelico to the core of the ecosystem and provides the necessary reach for North American expansion. Tyler Rowe of AE Ventures highlighted Pelico's demonstrated ability to enhance delivery performance for demanding manufacturers, with plans to integrate the platform across their network.