In Mind Cloud Raises EUR 16 Million in Series B Funding led by Digital+ Partners to Fuel Continued Growth and Geographic Expansion
Summary
In Mind Clouds customers have been able to use the Manufacturing X platform to rethink their business models, achieving a step-change in top-line growth whilst also reducing production error rates and processing times by a factor of 3. Today In Mind Cloud is serving a global blue-chip customer base across multiple manufacturing verticals, including Benteler in Germany, Mindray Medical in China and Netafim in Israel. With the Series B funding, In Mind Cloud is now looking to capitalize on its strong growth momentum and build up its sales & marketing organization across China, Germany and the US, whilst also continuing to make significant investments in global customer support and accelerating the companys ambitious technology roadmap. I am excited that with our investors we have found trusted partners who support our companys goal and share our view on the products global market potential. "We are pleased to be investing in technology that enables digital transformation strategies in the context of Industry 4.0 and look forward to supporting In Mind Clouds management team towards building a global market leader for advanced manufacturing sales CRM/CPQ solutions.
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