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News Seebo announces US$24m funding round to support product rollout

Seebo announces US$24m funding round to support product rollout

Written by Global Cement staff 04 March 2021
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Israel: Seebo has announced an extended Series B funding round for a total of US$24m. Vertex Ventures is leading the round, in which10D, The Phoenix and Leumi Partners participate. Seebo will use the funding for a further expansion to its global reach, as well as enhancement of its process-based artificial intelligence product.

The company says that its product enables cement producers to identify process-driven inefficiencies in their operations in order to predict and prevent production losses. It can target losses including those involving kiln throughputs, emissions, clinker quality and ammonia usage. General partner Yanai Oron claimed that Seebo is the only supplier providing a productised solution based on artificial intelligence across the full product line.

Last modified on 10 March 2021
Published in Global Cement News
Tagged under
  • Israel
  • Seebo
  • software
  • Product
  • investor
  • GCW496

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