- The funding will help Kinta scale out factory implementations across existing top general industrial clients and deploy at a series of new manufacturing firms
- Kinta provides factories with the visibility and strategic flexibility they need in order to keep pace with constantly changing priorities, demands and data streams
Kinta AI ha has raised $5.5 million in funding in a Series A led by Lachy Groom’s LGF and Mo Koyfman’s Shine Capital. Kinta specializes in optimizing complex factory floor planning and operations by deploying AI-enabled software and streamlined workflow tools. The funding will help Kinta scale out factory implementations across existing top general industrial clients and deploy at a series of new manufacturing firms.
Koyfman said, “Kinta CEO Steven Glinert is one of the brightest people I’ve ever met. He’s a person who’s interested in solving other people’s problems. Koyfman’s Shine Capital found Kinta’s aim to transform a traditional industry compelling and a major driver of their investment.”
AI-powered platform for planning factory operations
Steven founded Kinta in November 2017 when he became interested in applying artificial intelligence to real-world business problems. it said that Kinta is the first AI-powered platform for planning factory operations. Production planning is a core activity at factories. Kinta’s software ingests the data and leverages algorithms to generate actionable plans that allow factory managers real-time control and coordination of factory resources.
The company said, “Kinta’s software ingests the data and leverages algorithms to generate actionable plans that allow factory managers real-time control and coordination of factory resources. Kinta’s solution has already demonstrated dramatic decreases in production time and inventory and increases in asset utilization and on-time delivery at the factories where it is deployed. This results in millions in recurring near-term annual savings for these factories and unlocks a virtuous cycle of value delivery over time.”
Kinta provides factories with the visibility and strategic flexibility they need in order to keep pace with constantly changing priorities, demands and data streams. It said that over time, Kinta’s goal is to help manufacturers embark on a journey that results in an optimized, “lights out” factory that reduces wasteful resource consumption with minimal human intervention.
CEO Glinert said, “Kinta tackles some of the most complex and intricate tasks in operations planning so that today’s manufactures can optimize the use of their valuable production resources. More than ever, COVID-19 has shown us that global supply chains are fragile and manufacturing operations need to be agile and flexible to maintain efficiency. Our software promises manufactures this resiliency and unlocks the full potential of their production resources.”
