MachineMetrics Announces $11.3 Million Series A Funding Round
Summary
The companys latest solution allows factory workers to share MachineMetrics data with their remote maintenance teams and makers of their equipment, and vice versa. Manufacturing accounts for 16.6 percent of global GDP and is on the brink of a new digital age, often called the Fourth Industrial Revolution. That revolution combines two advancements — predictive analytics and artificial intelligence — and applies them to physical objects (i.e., your Nest thermostat), creating the Internet of Things. Their Industry 4.0-ready solutions work out-of-the-box to increase equipment productivity and efficiency through edge connectivity, real-time visibility, deep manufacturing analytics and AI driven predictive and prescriptive alerts. By simplifying Industrial IoT, MachineMetrics is enabling customers to digitize and drive decisions with machine data.
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