Software : Data & Analytics : MLOps
Even the most advanced digital supply chain systems struggle to manage disruptions to the plan, and that’s where Noodle.ai comes in. Our software predicts financial risk in the near-term execution horizon and provides mitigating actions that boost profits by reducing waste.
ServiceNow, Honeywell Back Noodle.ai with $25M Series C to End Global Supply Chain Crisis
Noodle.ai, creator of the world’s leading supply chain system of intelligence, today announced it has closed a $25M Series C funding round, including participation from the venture arm of ServiceNow ( NYSE: NOW) and Honeywell Ventures. The investments provide further validation of Noodle.ai’s innovative AI-driven platform, Inventory Flow, a supply chain system of intelligence that enables companies to profitably navigate some of the world’s most complex supply chain challenges.
The latest round brings Noodle.ai’s total funding to more than $100M, including previous rounds from TPG Growth, Dell Technologies Capital, Mitsubishi and SMS group. In a tight investment landscape, the recent funding is notable, reinforcing the urgent need for innovation in global supply chains. Noodle.ai will use the funds to accelerate product innovation and technology integrations to support a growing customer base of companies across a wide range of industries heavily reliant on the global supply chain, including consumer packaged goods (CPG), food and beverage, beauty and cosmetics, metals, automotive, paper and pulp, and more.
How to Get Actionable Answers to Yield and Defective Production Issues Finally — and for Real
AI is the key to surfacing precisely what is causing your production snafus, and where and when. However, you also need the right solution — one made for the manufacturing industry — to let you not only harness the power of AI for everyday use in your operations but also evolve to a state of “predictive quality.” That solution is Quality Flow from Noodle.ai.
Quality Flow is powered by Noodle.ai’s Enterprise AI® engines. The app works in conjunction with your QMS, and pulls in data from all over your plant. Quality Flow understands context, and it provides you with answers and recommendations for the most difficult questions.
U.S. Steel Gains AI Know-How in Big River Deal
By investing in Big River, which began operating in 2017, U.S. Steel gains access to the technology and know-how for producing sheet steel from melting scrap in an electric furnace. The deal is expected to make U.S. Steel more cost-competitive with rivals, including Nucor Corp. and Steel Dynamics Inc., that use electric furnaces to turn scrap metal into steel.
The plant’s AI system, designed by San Francisco technology firm Noodle Analytics Inc., uses deep learning and neural networks. It was designed to continually train algorithms on data captured by thousands of sensors.
The data can be useful in a number of ways, from spotting problems with production and quality to helping sequence the production of various grades and sizes of steel in the most efficient manner. The system can also help conserve energy consumption beyond what the plant gets per its utility contract, maximizing the amount of surplus power it can sell.