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Seebo

AI · Tel Aviv-Yafo, Israel · Founded 2012

Founded in 2012 by brothers Lior and Liran Akavia, Seebo operates as a business intelligence firm providing a Process-Based Artificial Intelligence platform for the manufacturing sector. The company's primary mission is to assist manufacturers in predicting and preventing losses related to quality, yield, and waste. Lior Akavia, who served as CEO, started his computer science studies at 15 and later served in an elite cybersecurity unit in the Israeli army before co-founding Playfect with his brother, which was later acquired. Liran Akavia, the COO, is also a serial entrepreneur, having built his first company at 21 and co-founded Playfect with Lior. Seebo's software-as-a-service (SaaS) platform is designed to tackle complex process inefficiencies by identifying their root causes and suggesting corrective measures. The platform provides production teams with ready-to-use AI tools, including automated root cause analysis, predictive recommendations, and proactive alerts. This enables clients to understand why inefficiencies occur, how to prevent them, and when to take action. The technology gathers data from various sources like raw materials, production lines, and quality control to feed its algorithms, which are tailored to the specific layout of each production line. Its features include predictive maintenance, asset tracking, remote monitoring, data analytics, and digital twin creation. The company serves a global client base of leading manufacturers across various industries, including food and beverage, consumer packaged goods, chemicals, and automotive. Notable clients include Barilla, Nestlé, Mondelez, PepsiCo, and the Volkswagen Group. The business model is centered on providing its AI-powered platform to these large-scale industrial clients. In May 2022, Seebo was acquired by Augury, an AI-based machine health monitoring company, for a sum reported to be between $100 million and $200 million. This acquisition aimed to create a combined solution for 'Production Health,' integrating Seebo's process optimization with Augury's asset performance monitoring. Prior to the acquisition, Seebo had raised a total of $40.5 million in funding over five rounds from investors such as Viola Ventures, Vertex Ventures, and TPY Capital. Keywords: process intelligence, predictive quality, manufacturing analytics, industrial AI, waste reduction, yield optimization, SaaS, process optimization, digital twin, Industry 4.0