More leading food manufacturers adopt Seebo's AI solution to predict & prevent production losses.
Seebo, the Predictive Quality and Yield Solution, has announced its extended Series B financing round, for a total of $24M. 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.
Food manufacturers suffer, on average, millions of dollars of losses each year due to various process-driven inefficiencies such as rejects due to weight, size and quality variables and color inconsistencies. Seebo’s Process-Based Artificial Intelligence solution enables food manufacturers to identify process-driven inefficiencies in their production processes in order to predict and prevent production losses. Seebo succeeded in infusing Artificial Intelligence algorithms with deep process manufacturing expertise - giving its solution the unique ability to understand each individual production process. This saves its customers significant funds each year, by revealing the hidden causes of their production losses. Seebos’ customers include leading manufacturers such as Nestle, PepsiCo, General Mills, Barilla, Mondelez, Allnex, ICL and many more.