ThinkIQ, Digital Manufacturing Pioneer, Raises $11.6 Million
Summary
ALISO VIEJO, Calif., Oct. 20, 2020 /PRNewswire/ -- , a pioneer of digital manufacturing transformation SaaS, today announced that it has raised $11.6 million Series A round led by Ecosystem Integrity Fund (EIF). "With this new round of funding, we will accelerate our efforts to help our customers operate and manage supply chains more efficiently while also making products safer while controlling costs," said Doug Lawson, CEO of ThinkIQ. *Gartner "Smart Insights for the Real-Time Transportation Visibility and Monitoring Solution Market," Bart De Muynck, Christian Titze, 17 September 2019 Ecosystem Integrity Fund (EIF) invests in early growth-stage companies contributing to environmental sustainability across multiple sectors including renewable energy, energy efficiency, waste reduction, green chemistry, transportation, agriculture and water. ThinkIQ, a pioneer of Digital Manufacturing Transformation SaaS, delivers unprecedented material traceability and insight into ways to improve yield, quality, safety, compliance and brand confidence. Our fact-based granular and data-centric contextualized view of material flows and related provenance attribute data integrates into existing IoT infrastructures and crosses supply chains to manufacturing processes and beyond.