The Drive to Reinvent Manufacturing Efficiency
We are excited to announce our last investment of the year! Post-pandemic, one of the most discussed topics in manufacturing has been the need to achieve efficiency. Inefficient manufacturing procedures, rising labor costs, and the challenges brought by manual data collection are leading to significant issues. Manufacturers seek innovative, efficient solutions to prevent time and resource waste, reduce costs, and increase production capacity. Traditional and manual cycle time measurements and operational analyses are often slow and labor-intensive, and undigitized processes create accuracy problems. Therefore, there is an urgent need for a swift transition to digitize manufacturing operations and make data-driven decisions. Products that can solve these issues must be integrated quickly, efficiently, and cost-effectively into production methods.
Khenda’s AI-Powered Solutions
Khenda enhances manufacturing efficiency by leveraging AI-powered image processing to capture data that traditional methods miss, unlocking new levels of insight and precision. Using existing security cameras, it collects and reports data on unit time, machine working and downtime, and the number of defective products. Khenda enables engineers to quickly detect problems and bottlenecks in production and increase efficiency based on this data. This SaaS platform, offering AI-supported video analysis and automatic data collection, quickly measures cycle times and eliminates manual data entry requirements. Additionally, lean manufacturing tools and real-time process analysis help engineers make fast and accurate decisions while increasing production capacity.
The Role of Digitalization and AI in Manufacturing
Khenda’s real-time process analysis allows for the rapid detection of inefficiencies, enabling informed decisions and increasing production capacity. Standardized work instructions and AI-supported time measurement processes boost efficiency, while tools like the Lean Assistant and Kaizen Board support lean manufacturing. The digitalization trend in the manufacturing sector is driving increasing demand for Khenda. The need for AI analysis has taken off to improve efficiency and reduce costs. Rising labor costs and global competition are pushing manufacturers to resolve inefficiencies quickly.
Why Khenda?
Khenda’s clients include prominent names such as Ford Automotive, LG Electronics, Philips, Hengst, and ISAIC. They have a target market of around $1.3 billion, including approximately 25% in global factories in the automotive, electronics, home appliances, and medical device industries that face efficiency challenges and need Khenda’s AI-powered platform for process optimization and continuous improvement. Khenda displays a promising future in the North American manufacturing industry, and its growing market share in this region is thriving. Khenda’s solutions will revolutionize manufacturing operations and play a significant role in the sector’s digital transformation. Especially with their new Vision-MES product, they aim to include small and medium-sized enterprises in their customer network. Founded by Çağkan Ekici and Aykan Ekici, Khenda has garnered significant attention in the North American manufacturing industry. We have immense confidence in the team’s success and potential.
Welcome to the Simya VC Portfolio, Khenda!
Selma Bahcivanoglu, Simya VC