PLAIO raised €4.3M in a funding round led by Iðunn to enhance its AI-driven pharma supply chain solutions.

Aug 14, 2024•about 1 year ago

Amount Raised

€4.3 Million

ReykjavíkPharmaceuticalMachine LearningArtificial IntelligenceBiotechnology

Investors

Iðunn

Description

Iceland's PLAIO has successfully raised €4.3 million in an oversubscribed funding round. The company specializes in AI-assisted decision support for the pharmaceutical industry, aimed at optimizing supply chain management.

Company Information

Company

PLAIO

Location

Reykjavík, Capital Region, Iceland

About

PLAIO is an AI-assisted decision support platform designed for the pharmaceutical industry. Co-founded by industry veterans, the company addresses critical gaps in pharma supply chain planning, an area where many companies still rely on outdated spreadsheets. PLAIO's solutions leverage AI and prediction algorithms to optimize sales, operations, and supply chain management. With a 200 percent growth in its client portfolio over the last year, the company aims to transform inefficient methods in the pharmaceutical sector.

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