Bananaz raises $5.3 million in Seed funding to bring AI to R&D design change management
The company integrates into existing CAD and PDM systems and helps engineers make faster, more informed decisions by automating traditionally manual processes such as design validation, change tracking, and error detection.
Bananaz, a platform focused on design change management for R&D and engineering teams, has announced its official exit from stealth mode with $5.3 million in Seed funding. The round was led by 10D and Cardumen Capital and will help bananaz to scale its AI-powered solutions, offering engineering teams tools that eliminate inefficiencies of traditional design workflows and saving time and money across the production process.
Full list of Israeli high-tech funding rounds in 2024
“Today’s manufacturing landscape is becoming more complex and fast-paced. We built bananaz to help companies catch issues early in the process, minimize rework, and ensure that products meet the highest quality standards,” said Or Israel, CEO of bananaz. “We’ve been astonished at how effectively bananaz has enabled teams to cut down on design time and costs, empowering R&D and engineering teams to move faster and with greater confidence. Our platform transforms how they manage design changes at every stage of production without sacrificing accuracy or security.”
Bananaz addresses pain points for manufacturers, particularly for R&D and engineering teams in the the validation and review of technical drawings. It integrates into existing CAD and PDM systems and helps engineers make faster, more informed decisions by automating traditionally manual processes such as design validation, change tracking, and error detection. It does this by leveraging AI and computer vision, resulting in reduced manual busywork and prevention of costly mistakes.
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According to bananaz, within the manufacturing industry 30% of engineering time is lost to manual reviews and 20% of revenues are eroded by design errors. The platform can reduce design review times by up to 90%, eliminating undetected drawing errors, and saving companies millions in rework and recalls.
