Seebo said the funding round will be used to further expand the company's global reach.

The company's process-based AI solution is designed to solve complicated manufacturing inefficiencies and prevent and predict disruptions that lead to losses.

This year’s cohort includes companies in Industry 4.0, alternative meat, healthcare, environmental tech, cybersecurity and food security.

WisePet are new stuffed animals with a special transparent pocket in which a tablet or a smartphone can be placed. Beyond its protective qualities, the toy can also be operated by a unique app that makes the stuffed toy move and talk.