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Seebo announces US$24 million funding round as cement manufacturers adopt its AI solution


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Seebo has announced its extended Series B financing round, for a total of US$24 million. The funding will be used to further expand its global reach and continue enhancing its process-based artificial intelligence solution. The round is led by Vertex Ventures with participation from 10D, The Phoenix and Leumi Partners.
Cement manufacturers suffer, on average, millions of dollars of losses each year due to various process-driven inefficiencies such as kiln throughputs, emissions, clinker quality and ammonia usage. Seebo’s process-based artificial intelligence solution enables cement manufacturers to identify process-driven inefficiencies in their production processes in order to predict and prevent production losses. Seebo succeeded in infusing artificial intelligence algorithms with deep process manufacturing expertise – giving its solution the ability to understand each individual production process. This saves its customers significant funds each year, ....

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