Trending...
- Sexually Abused in a Psychiatric Hospital or Psychiatrist's or Psychologist's Office? CCHR Urges Survivors to Reach Out to It
- Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
- Triple-Digit Growth, Stock Market Upgrade plus a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation (Stock Symbol: CDIX)
Major Investment from Cofounders Capital and IES Holdings will allow Automation Intellect to scale its platform faster and further expand its sales footprint
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
"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
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
"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
- Vierra Communities Adds Operations of Two Skilled Nursing Facilities in the DC Metro Area
- Slotozilla Introduces a Centralized Resource for World Cup Bonus Offers
- Webinar Announcement: Built for Trust: Latitude's 0 to 1 Compliance Playbook for Modern Cross-Border Payments
- OneVizion Names AI Leader Matthew Kirk as Chief Operating Officer to Drive Governed AI Across Telecom and Electric Utilities
- Dentists launch independent platform to help practices choose the right technology
"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
- Contracting Resources Group Recognized by The Daily Record as a 2026 In the Lead: Best Women-Owned Businesses Honoree
- Woodforest Acceptance Solutions and AlpacaBOSS Launch Partnership
- New "Lakeside Picnic Ride" Package in Japan's Lake Chuzenji region of Nikko: July 1- November 30, 2026
- Former MP Shri GV Harsha Kumar Meets AICC President Mallikarjun Kharge
- Two Attorneys at The Stanley Law Group Named to 2026 South Carolina Super Lawyers List
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
Source: Automation Intellect
0 Comments
Latest on ncarol.com
- Destination Niagara Launches Game Changing Digital Magazine Redefining How Visitors Experience Niagara Falls
- Join us at Seaside Art Gallery for our July 4th celebration
- San Diego's newest marketing firm is boring on purpose — it's working
- Arizona Christian Homeschools Launches Statewide Directory
- Sexually Abused in a Psychiatric Hospital or Psychiatrist's or Psychologist's Office? CCHR Urges Survivors to Reach Out to It
- Senco Home Services Expands Residential Construction Services
- Ricci's Painting & Contracting Expands Home Transformation Services
- CFP, Trauma of Money Specialist Shannah Game Launches YouTube Show Built Around Baking and the Emo
- Alvear Homes Expands 2026 Buyer Education Initiative to Help North Carolina Homebuyers
- Sylvester Anthony III Introduces His Artist Journey with Debut Single "Cherish"
- Boston Industrial Solutions Introduces High-Performance Primer for Bonding Liquid Silicone to Epoxy
- New Comprehensive Guide Unveils the Ultimate Masterlist of Government-Approved Business Funding
- Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
- Marketing Company Helps Local Businesses Stop Renting Leads and Start Building A Permanent System
- Verbica Challenges Panetta to a Televised Debate on the Issues
- Salt Lake City Families Turn to Private Autopsy Services for Faster Answers After Unexpected Loss
- K2 Integrity's U.S. and EMEA Teams Again Recognized in Chambers and Partners 2026 Guides
- Connecta Satellite Solutions Ready to Support Emergency Communications Following the Venezuela Earthquake
- Rare 1933 Harold Weston painting will be auctioned to benefit the Keene Valley Library
- $20 Million Revenue Target, Accelerating Growth, 7% Of Outstanding Shares Retired, Clear Path Toward Profitability: VSee Health, Inc N A S D A Q: VSEE