202216 Feb

Instrumental Rolls With $50 Million Series C

Summary

Instrumental Inc.’s cloud platform serves as the AI-enabled backbone for companies optimizing their manufacturing processes, through automated technology that detects defects, identifies root causes and delivers actionable insights to global teams. “When I was working as an engineer, I was surprised by the amount of waste and inefficiencies that electronics brands are accustomed to as the cost of doing business,” said Anna-Katrina Shedletsky, Instrumental Inc. CEO and founder. “We believe in a different future — where software leverages data about every individual unit built to make rapid changes to process and design, eliminating waste. We are proud to be part of our customers’ core manufacturing infrastructure and to be approaching this challenge with deep empathy for the engineers who build and improve the products we all enjoy every day.” This round of funding comes on the heels of a record year for Instrumental Inc., which saw tripled bookings and net revenue retention of 150 percent in 2021. “Engineers that once had to email Excel files around the world and waste valuable time extracting information from siloed data centers can now use Instrumental to deliver the insights they need to find and fix issues faster than ever.

Source: Svdaily

Funding

$50M
Amount
Feb 16 2022
Date
-
Investor

Classifications

Companies