TechCrunch Startup News Pendulum’s AI-driven platform helps enterprises better predict supply and demand
4 snips
Feb 7, 2025 The discussion highlights how the pandemic disrupted global supply chains, leading to new opportunities for innovation. A focus on Pendulum reveals its AI-driven approach to improve supply and demand forecasting. The rise of rapid consumer product turnover, influenced by trends like 'TikTok-ification,' showcases the need for agile strategies in retail. Recent funding and leadership shifts hint at exciting growth prospects in this evolving space.
AI Snips
Chapters
Transcript
Episode notes
Predictive Supply Chain Optimization
- Pendulum's software helps companies predict and optimize supply and demand by integrating internal data sources.
- This AI-powered approach improves margins and reduces waste, promoting sustainability.
From Finance to Supply Chain
- Benjamin Felds, CEO of Pendulum, drew inspiration from his experience in derivatives trading and AI-enabled prediction products.
- He co-founded MacroEyes in 2013 with Suvrit Sra at MIT, later rebranded as Pendulum, to apply this approach to supply chains.
Funding and Leadership
- Pendulum secured $22 million in funding, including venture capital and non-dilutive capital for R&D.
- Jean-Francois Gagné, co-founder of Element AI, joined as Chief Strategy and Product Officer.