February 6, 2025—Pendulum, the leader in real-time planning for the global supply chain, announced today it has raised $22 million in total funding to develop the first self-correcting AI platform for supply chains. The investment includes $11 million in non-dilutive R&D capital and $11 million in venture capital from Lowercarbon Capital, Cross Border Impact Ventures, Decisive Point, Collab Fund, and Blaise Agüera y Arcas, VP/Fellow and CTO of Technology & Society at Google.

Pendulum also announced the addition of Jean-François Gagné, co-founder of Element AI, as Chief Strategy and Product Officer. Gagné, a leader in AI, founded and scaled Element AI into a global AI powerhouse, securing hundreds of millions in funding from Microsoft, Intel, and Nvidia. After the company’s acquisition by $200B ServiceNow, Gagné served as Head of AI Product Management and Strategy at ServiceNow.

“Organizations today face the same challenges financial markets overcame with far-reaching algorithms: automated decision-systems that learn from the world and develop new plans at the speed of global change,” said Benjamin Thelonious Fels, CEO of Pendulum. “With JF’s leadership, Pendulum will deliver the platform businesses need to forecast, optimize, and self-adjust across supply and demand, enabling the enterprise to operate with new flexibility and power in this era of volatility and acceleration.”

Pendulum’s platform leverages proprietary AI to build a complete picture of the enterprise and its market - connecting inventory, marketing, procurement, and pricing decisions. Unlike traditional systems that require manual recalibration and treat each part of the business in isolation, Pendulum’s AI learns, adjusts, and acts autonomously and holistically, ensuring businesses can anticipate and capitalize on change across every dimension. 

The platform has already delivered measurable results. Adore Me reduced stockouts by 16% while minimizing excess inventory using Pendulum’s demand forecasting and inventory management solutions. The U.S. Air Force relies on Pendulum for mission-critical operations, including asset tracking in GPS-denied environments. In healthcare, Pendulum partnered with the Gates Foundation to improve vaccine availability in Tanzania through AI-driven allocation, significantly reducing unmet demand.

“Why stop at insights?” said Gagné. “Pendulum’s AI doesn’t just show what’s wrong—it fixes it before recalibration is needed, ensuring every part of the supply chain functions like a single algorithm.”

Pendulum is purpose-built to address the growing complexity of supply chains. With e-commerce giants like Shein setting new benchmarks for speed and efficiency, traditional supply chain systems are unable to keep up. External forces like extreme weather, geopolitical tensions, and flash trends further complicate operations, often resulting in costly delays and disruptions. Pendulum’s platform is designed to help businesses stay ahead by offering predictive, adaptive solutions that align supply with demand at scale.

“Inventory forecasting in retail is incredibly complex due to unpredictable demand,” said Ranjan Roy, SVP of Strategy at Adore Me. “Pendulum helps us create hundreds of forecasts across our entire product range, integrating data points that are often hard to interpret. This has led to a 16 percent reduction in stockouts with no increase in excess inventory, allowing us to make cost-efficient and more sustainable inventory decisions.”

To learn more about Pendulum, please visit  www.pendulum.global