202105 May

ndustrial Raises $6 Million in Series A Funding to Accelerate Efficiency and Innovation Across Industrial Businesses

Summary

View the full release here: https://www.businesswire.com/news/home/20210505005233/en/ In today’s world, where industrial businesses need a path to extract more value from their digitization efforts and where they have already implemented the "easy" efficiency wins, ndustrial enable customers to better access, aggregate, analyze, optimize, and act on data. "This funding will enable us to move our technology into broader market areas and use cases within the industrial segment," said Jason Massey, Founder and CEO, ndustrial. "Expanding our footprint will allow more industrial businesses to derive insights from real-time, streaming data, and to apply algorithms to automate efficiencies in energy usage or production applications. "When we decided to invest in ndustrial and join the Board in 2015, they had already helped our site in North Carolina save hundreds of thousands of dollars, and Lineage Logistics had just 30 cold storage warehouses. ndustrial delivers software and services that enable industrial companies to gain deeper insights into their business, actively optimize systems and drive efficiency at scale.

Source: Yahoo

Funding

$6M
Amount
May 05 2021
Date
-
Investor
ndustrial.io
Company

Classifications

Companies