Pendulum, a Washington, DC-based company which specializes in real-time planning for the global supply chain, raised $22M in total funding.
The investment included $11M in non-dilutive R&D capital and $11M in venture capital from Lowercarbon Capital, Cross Border Impact Ventures, Decisive Point, Collab Fund, and Blaise Agüera y Arcas, VP/Fellow and CTO of Technology & Society at Google.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Benjamin Thelonious Fels, Pendulum is advancing AI for strategic business planning so the enterprise can master supply vs. demand. Used by industry across retail, healthcare, and national security, the AI predicts demand, optimizes supply and ensures asset visibility, while the AI continuously improving on its own.
Pendulum is built on foundation models for supply and demand, developed over years of MIT-grade R&D.
The company also announced the addition of Jean-François Gagné, co-founder of Element AI, as Chief Strategy and Product Officer.
FinSMEs
06/02/2025