Founded Year

2011

Stage

Convertible Note - III | Alive

Total Raised

$1.05M

Last Raised

$500K | 4 yrs ago

Revenue

$0000 

About Neo PLM

Neo PLM is a software company focused on Process PLM (Product Life-Cycle Management for process manufacturing). The company's flagship products include Neo Design (used to capture process definitions in a modular framework), Neo Planning (used to match process designs to available plant capacity), and Neo Analysis (used to correlate manufacturing data to process designs).

Neo PLM Headquarter Location

555 Long Wharf Dr

New Haven, Connecticut, 06511,

United States

203-224-9199

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Neo PLM's Products & Differentiation

See Neo PLM's products and how their products differentiate from alternatives and competitors

  • Neo PLM Suite (different functional modules available)

    See our website: https://www.neoplm.com/why-pharmaceutical-product-lifecycle-management/

    Differentiation

    We are a unique, first in class solution. Nobody does what we do. Think of in discrete manufacturing (cars, aircraft, etc.) where the "CAD/CAM" 3-D graphics to look at a digital image of the vehic… 

Expert Collections containing Neo PLM

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Neo PLM is included in 2 Expert Collections, including Digitization & Automation In Manufacturing.

D

Digitization & Automation In Manufacturing

74 items

A

Advanced Manufacturing

3,328 items

Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.

Neo PLM Patents

Neo PLM has filed 2 patents.

The 3 most popular patent topics include:

  • Manufacturing
  • Pharmaceutical industry
  • Process management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/27/2018

8/4/2020

Production and manufacturing, Product lifecycle management, Manufacturing, Pharmaceutical industry, Process management

Grant

Application Date

9/27/2018

Grant Date

8/4/2020

Title

Related Topics

Production and manufacturing, Product lifecycle management, Manufacturing, Pharmaceutical industry, Process management

Status

Grant

Latest Neo PLM News

Digital transformation delayed

Dec 12, 2019

Digital transformation delayed By Cathal Strain President, Neo PLM Dec 12, 2019 The manufacturing world is currently dominated by buzzwords such as “digital transformation,” “industrial internet of things” and “Industry 4.0.” Not to be left behind, pharmaceutical companies have begun using the same terminology — including the discussion of “Pharma 4.0.” At the same time, however, critical business processes in pharma remain heavily dominated by a document-centric paradigm. Even worse, most manufacturing records are still paper-based. This dichotomy raises the question: Is the pharma industry truly ready for digital transformation? The “Pharma 4.0” hype is largely being driven by the software industry that has served pharmaceutical manufacturers for the past three to four decades. Yet these same vendors have failed to meet a fundamental challenge facing the industry since the late 1980s: moving to a paperless, data-driven manufacturing environment. In other words, pharma has not yet achieved “Pharma 3.0 “objectives. The stock explanation for this delay is to point the finger at the stringent regulatory environment surrounding pharmaceuticals. But shouldn’t the software industry shoulder some of the blame? Vendors could be driving innovation-based strategies, helping to automate compliance and empower agile business processes across the product lifecycle. Instead, they have simply facilitated labor-intensive, document-centric approaches. This model has not been without its benefits for software providers. Leveraging Big Pharma’s substantial financial resources and desire to meet industry compliance requirements — sometimes at any cost — software providers have generated significant licensing and services revenues. Meanwhile, technology stagnation has negatively impacted pharma in multiple ways. As ongoing innovation drives new technologies to evolve, they tend to become less expensive, easier to use, and, ultimately, accessible to everyone. Pharma manufacturers have not experienced this phenomenon, particularly on the shop floor, where process automation is still applied haphazardly. Few companies have achieved the promise of end-to-end, recipe-driven automation. As for adoption of manufacturing execution systems (MES), the continued prevalence of paper-based manufacturing records speaks volumes. In fact, the use of information systems in pharma has not changed significantly since the 1980s. The typical technology stack consists of enterprise resource planning (ERP), MES, a process control system (PCS), a laboratory information management system (LIMS) and a process historian. Other solutions include warehouse management, corrective and preventative action (CAPA) and document management. This may sound like a reasonably complete package in terms of functionality. However, the reality is that these technologies don’t come close to delivering the integrated, data-driven business environment envisaged in a digitally transformed world. This same stack has existed for three decades. Digital transformation requires radically new thinking for pharmaceutical manufacturers, and a 30-year-old technology stack is unlikely to be up to the task. So how much should we fault technology providers themselves? Genuine innovation is user-driven. If software companies don’t receive insightful customer feedback, it is unfair to assign them all the blame. However, poor user input alone doesn’t explain the lack of innovation. The fact remains that software vendors are not providing solutions that are progressively more functional, easier to use and less expensive. On the contrary, the costs associated with deploying the conventional stack described above are generally growing. Again, this has been chalked up to increasing regulatory demands. As for availability to everyone, large segments of the pharma supply chain are still not using MES or PCS. They are simply too expensive to buy, deploy and support in a multi-product manufacturing environment. Innovation over the past 30 years should have made these technologies universally accessible — then the industry would be ready for true digital transformation  Related Content

  • When was Neo PLM founded?

    Neo PLM was founded in 2011.

  • Where is Neo PLM's headquarters?

    Neo PLM's headquarters is located at 555 Long Wharf Dr, New Haven.

  • What is Neo PLM's latest funding round?

    Neo PLM's latest funding round is Convertible Note - III.

  • How much did Neo PLM raise?

    Neo PLM raised a total of $1.05M.

  • Who are Neo PLM's competitors?

    Competitors of Neo PLM include Fluxa, Seebo, Canvass Analytics, MoBagel, Instrumental, SparkCognition, Uptake, Seeq, Falkonry, Plex Systems and 14 more.

  • What products does Neo PLM offer?

    Neo PLM's products include Neo PLM Suite (different functional modules available).

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