Automation Intellect Closes a Major Funding Round
ncarol.com/10140751

CHARLOTTE, N.C. - ncarol.com -- Automation Intellect, a cloud-based Software as a Service (SaaS) company that provides a machine performance analytics platform for manufacturing companies, is excited to announce that it has closed a major funding round. This major investment was led by current investor Cofounders Capital with significant participation from IES Holdings, a publicly traded communications and infrastructure company and the only new investor in this round. The strategic engagement of IES along with the ongoing support from Cofounders Capital will allow Automation Intellect to leverage both organizations to scale its platform faster and further expand its sales footprint. Automation Intellect is led by Chief Executive Officer, Brad DeMarco, and Chief Technology Officer, Kurt Lueck.

"If you walked into most manufacturing plants today, you would feel like you stepped back in time. Manufacturing leaders are working with very limited information. The only way manufacturers can stay competitive in this resource-constrained environment is to implement an impactful digital strategy. Investments from visionary companies like Cofounders and IES Holdings will allow us to continue to fundamentally impact the manufacturing world." said Brad DeMarco, co-founder and CEO of Automation Intellect.

More on ncarol.com

• Before Asheville, There Was Cherokee: KayeDinero Reveals Where Her Carolina Chapter Really Began
• Profit at the Window: Free Webinar Helps Interior Designers Turn Window Treatments Into Revenue
• Defense & Space Strategy Strengthens as New Leadership Builds on NASA Results and Expanding Multi-Orbit Opportunities for Ascent Solar Technologies
• STS Capital Partners is pleased to announce the appointment of Barry Brown as Vice President, Business Development
• Local Ecomaids Owner Launches Healthy Home Reset Initiative for Triangle Families

"We feel strongly that Automation Intellect has the right product and approach for this space. Their team and product are extremely compelling and we are excited to continue to expand our investment." said David Gardner from Cofounders Capital.

Matt Simmes, President of IES Communications, added, "We are excited to partner with Brad and the rest of the Automation Intellect team. Not only will IES Communications provide value as an installation partner as we expand our service offering into the Industry 4.0 space, but we believe that our two companies will mutually benefit from cross-selling opportunities with our respective customers."

About Cofounders Capital
Cofounders Capital is an early-stage seed fund focused on B2B software ventures in NC and throughout the Southeast. Created in 2015, Cofounders Capital is now investing out of its second $31M fund. Cofounders Capital is managed by serially successful entrepreneurs, David Gardner and his partners, Tim McLoughlin and Tobi Walter with a team of over ninety advisers and volunteer mentors who are investors in the fund, eager to support entrepreneurship in NC and to help Cofounders portfolio companies and entrepreneurs succeed.

More on ncarol.com

• Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
• Asheville Artist KayeDinero Asks What Happens When Technology Gets Too Human on "Human Error"
• Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
• Mandeville Pests May Pose Serious Health Risks for Your Family
• TOLI North America's Floorleum Plain AdVantage Transforms Flooring Into a Wayfinding Tool

About IES Holdings, Inc.
IES is a holding company that owns and manages operating subsidiaries that design and install integrated electrical and technology systems and provide infrastructure products and services to a variety of end markets. Our more than 6,000 employees serve clients across the United States. For more information about IES, please visit www.ies-co.com

About Automation Intellect
Automation Intellect is a cloud-based SaaS company that provides a machine performance analytics platform for manufacturing companies. The platform collects and monitors machine data, providing companies with valuable insights that improve machine performance. Headquartered in Charlotte, N.C., Automation Intellect was founded in 2016 by Brad DeMarco, Kurt Lueck and Bruce Wilkinson. For more information about Automation Intellect, please visit www.automationintellect.com