Noodle.ai, a San Francisco, CA-based provider of enterprise AI applications, raised $35m in Series B funding round.
The round, which brings total fundraising to $51m, was led by Dell Technologies Capital with participation from previous investor TPG Growth, the middle market and growth equity investment platform of TPG, which incubated Noodle.ai with Stephen Pratt in 2016. Scott Darling, president of Dell Technologies Capital, will join Noodle.ai’s Board of Directors.
The company intends to use the funds to expand its suite of applications.
Led by CEO Steve Pratt, Noodle.ai uses a suite of interconnected applications that predict key variables in supply and demand to take the guesswork out of enterprise planning and operations, so large companies can make more accurate decisions.
Through advanced data science, high-performance computing, and guidance from talented AI experts, the company has created a dozen industry-focused applications including the ones for Xojet and Big River Steel.