Arrakis emerges from stealth with $38 million to bring AI to factories and supply chains

Arrakis, a London and Paris startup, raised $38M to develop an AI operating system for industrial sectors like aerospace and logistics, aiming to improve factory and supply chain efficiency. The company uses a model-agnostic approach and embeds AI engineers at customer sites, claiming significant performance improvements and cost reductions. It has secured five paying customers and ties half its fees to performance outcomes.