Machine data monitoring startup backed by Cofounders Capital raises nearly $1M

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Summary

CHARLOTTE Automation Intellect, a startup focusing on analysis of machine data to improve performance, has closed out 2022 with nearly $1 million in new funding.So says an SEC filing.Founded in 2016 by Brad DeMarco, Kurt Lueck and Bruce Wilkinson, the Charlotte-based firm collects and monitors machine data, providing companies with insights to improve machine performance.Nine investors participated in the round which fell just short of its $1 million goal at $997,000.The round is all for equity in the company.Among its backers is Cary-based Cofounders Capital.

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