Seebo, a Tel Aviv, Israel-based Predictive Quality and Yield solution for manufacturers, completed a $9M funding round.
The round was led by Ofek Ventures, with participation from Vertex Ventures, together with existing investors Viola Ventures and TPY Capital.
The company, which has has raised $31m to date, intends to use the funds to further expand its global reach and continue enhancing its Process-Based Artificial Intelligence (AI) solution.
Led by CEO and Co-Founder Lior Akavia, Seebo provides a solution that enables manufacturers to predict and prevent production losses and manage complex production processes. With the system, production teams know why process inefficiencies happen, using Automated Root Cause Analysis; how to prevent process inefficiencies, using Predictive Recommendations; and when to act, using Proactive Alerts. Current customers include industry leaders like manufacturers across multiple industries, including Barilla, Nestle, Mondelez, PepsiCo, Allnex and ICL.