Osprey Informatics nets $1.2 mln in Series A round led by Anzu Partners
Summary
The round, which brings the company’s total funding to $4 million, was led by U.S. venture capital firm Anzu Partners and was joined by existing investors. Osprey said it will use the proceeds of the deal for sales expansion and to develop the next generation of its technology platform, which analyzes visual data to create operational insights. These organizations use Osprey Reach to remotely inspect facilities and equipment, monitor site activity, optimize labor productivity, and ultimately increase operational efficiency. “As more industrial enterprises work to respond to lower commodity prices, the Osprey solution quickly and sustainably reduces costs and expands margins.” As part of the investment, Mr. Haring-Smith will be joining the Board of Directors. The company’s cloud-based platform, Osprey Reach, detects important operational events, analyzes related images and video along with data from other sensors and systems, and delivers visual reports and alerts to stakeholders across the enterprise.
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