#USA #Aerospace #Farnborough #Pelico #AE Ventures

Pelico Secures Strategic Investment from AE Ventures

In a significant development at the Farnborough International Airshow, Pelico, the innovative platform enhancing factory operations for leading industrial firms, has announced a strategic investment from AE Ventures. This venture capital branch of AE Industrial Partners specializes in the aerospace, defense, and national security sectors. While the specific financial details of the investment were not disclosed, the collaboration promises to elevate Pelico's role within its industry.

As manufacturers face unprecedented challenges, including substantial backlogs and intricate multi-tier supply chains, Pelico’s AI-powered platform offers an invaluable solution. The technology ensures that factory teams can maintain a singular operational vision that allows them to identify potential disruptions, prioritize critical tasks, and make decisions promptly, significantly reducing response times from weeks to mere hours. Noteworthy manufacturers like Boeing, Safran, and Daikin have reported remarkable outcomes with Pelico, experiencing an average 40% reduction in parts shortages, a 15% improvement in on-time deliveries, and a staggering 40% cut in cycle times.

The platform's impact extends notably into the domain of aerospace sustainment, where effective shop-floor execution is crucial for fleet readiness. Boeing Global Services is already utilizing Pelico to enhance collaboration among planning, supply, and execution teams, creating a unified operational perspective amidst the complexities of maintenance and repair operations.

Tarik Benabdallah, Pelico's CEO and co-founder, remarked, "Aerospace ramp-up is won or lost on the factory floor. Partnering with AE Ventures connects us to the core of the aerospace and defense ecosystem, enabling us to expand our reach across North America. This includes ongoing initiatives with Boeing Global Services, marking a promising partnership aimed at delivering excellence in the industry."

Tyler Rowe, a Partner at AE Ventures, emphasized the importance of Pelico's solution in addressing the current bottlenecks in aerospace—transforming order books into actual deliveries. He stated, "Pelico has proven, alongside the industry's most demanding manufacturers, that effective orchestration significantly impacts outcomes. We are excited to support and collaborate with their team to expand their platform throughout our network."

Founded in Paris in 2019 by Tarik Benabdallah, Mamoun Alaoui, and Jonathan Hickson, Pelico has emerged as a game-changer in manufacturing orchestration. Its capabilities have caught the attention of global players in the industry, with deployments rapidly gaining traction among major firms.

For more information on Pelico and their innovative solutions, visit www.pelico.ai. Through this partnership with AE Ventures, Pelico is strategically positioned to redefine operational standards, making significant strides in enhancing efficiency and innovation within the aerospace and defense sectors. As they move forward, the focus will undoubtedly remain on leveraging AI technologies to navigate the complex challenges of modern manufacturing, ensuring that Pelico remains at the forefront of this evolving landscape.