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Home » Supply-Chain Tech Startup Noodle.ai Gets Fresh Corporate Backing

Supply-Chain Tech Startup Noodle.ai Gets Fresh Corporate Backing

A pile of Dollars in cash.

Dollars in cash.

September 30, 2022
SupplyChainBrain

Logistics technology startups are getting attention, and financial backing, from some tech sector heavyweights. The Wall Street Journal reports that supply-chain software business Noodle Analytics just raised $25 million from investors including the venture-capital arms of aerospace and industrial conglomerate Honeywell International and business-software company ServiceNow.

The new financing highlights the growing interest corporations have in startups they think can help streamline their operations since the pandemic began disrupting supply chains.

Read more: How AI Is Tackling Waste in Factories and the Supply Chain

Honeywell says it was drawn to Noodle.ai’s potential to help the 116-year-old company improve how it manages its assets and eliminate waste. San Francisco-based Noodle.ai says its artificial intelligence draws on data to recommend ways to speed up shipments and to navigate supply-chain snarls. Venture investment in supply-chain startups has receded this year, with financial backing down some 39% in the second quarter and the deals down 35% from a year ago.

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