Trending...
- Renew Integrative Health Publishes Updated Peptide Therapy Guide to Help Patients Understand Their Options
- UK Financial Ltd Announces Two-for-One Upgrade of Maya 3 to Maya 3G Token Using Chainlink Cross-Chain Technology
- Parade of Homes Winners Announced
RALEIGH, N.C.--(BUSINESS WIRE)--ndustrial, a provider of software and services that seamlessly optimize industrial facilities across all stages of discrete and process manufacturing supply chains, announced today the closing of a $6 million Series A funding co-led by ENGIE New Ventures and Clean Energy Ventures, with participation from Orion Energy Systems, Lineage Logistics, and Clean Energy Venture Group.
In today's world, where industrial businesses need a path to extract more value from their digitization efforts and where they have already implemented the "easy" efficiency wins, ndustrial enable customers to better access, aggregate, analyze, optimize, and act on data. Leveraging the company's technology platform – and applying its integration and advanced analytics know-how to captured data – ndustrial enables companies to gain deeper insights into their business, identify and automate improvements, and drive innovation that positively impacts the customer's bottom line.
"This funding will enable us to move our technology into broader market areas and use cases within the industrial segment," said Jason Massey, Founder and CEO, ndustrial. "Expanding our footprint will allow more industrial businesses to derive insights from real-time, streaming data, and to apply algorithms to automate efficiencies in energy usage or production applications. This gives our customers a competitive advantage as well as the ability to drive innovation across their sites."
More on ncarol.com
Lineage Logistics, the world's largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, has taken advantage of ndustrial's technology across more than 200 of its 350+ facilities in real-time, and avoided significant energy spend over the last five years. Similarly, a leading biotech company has leveraged ndustrial's platform and services to enable predictive analysis and modelling and make adjustments that deliver significantly increased yields delivering up to 30 percent more revenue annually.
ENGIE New Ventures' Investment Director, Vincent Pichon, commented, "Clean energy isn't just about producing clean electricity; it's also about reducing the amount of electricity used per unit of production." Sheeraz Haji, Senior Advisor, ENGIE New Ventures added, "Industrial facilities are incredibly complex behind the utility meter. Each site has a unique combination of systems and software, often built up over many years. That reality makes aggregating data and modelling across multi-site businesses hugely challenging, but also extremely important in order to reduce energy."
"We've conducted due diligence on over 100 commercial and industrial efficiency technologies in the last four years, and ndustrial is one of the few we've chosen to invest in," said Daniel Goldman, Managing Director and Co-founder, Clean Energy Ventures. "Their tangible application of machine learning for energy efficiency and process improvement stands apart. We believe their technology has the potential to materially impact carbon emissions in older industrial facilities across a wide range of sectors, and we're looking forward to helping them scale their innovative technology."
More on ncarol.com
"When we decided to invest in ndustrial and join the Board in 2015, they had already helped our site in North Carolina save hundreds of thousands of dollars, and Lineage Logistics had just 30 cold storage warehouses. Today, we are more than 350 sites globally. We've been proud to scale our applied sciences and energy efficiency initiatives with the ndustrial team," said Adam Forste, Co-Founder and Co-Chairman of Lineage Logistics and Co-Founder and Managing Partner of Bay Grove, its manager.
Vincent Pichon, ENGIE New Ventures, and Daniel Goldman, Clean Energy Ventures, will join ndustrial's Board of Directors as part of the investment.
About ndustrial:
ndustrial delivers software and services that enable industrial companies to gain deeper insights into their business, actively optimize systems and drive efficiency at scale. ndustrial was founded in 2011 and is headquartered in Raleigh, North Carolina. For more information, visit www.ndustrial.io.
About Engie New Ventures:
ENGIE New Ventures (ENV) is the corporate venture capital arm of ENGIE, the global energy and services provider. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized and digitized world. ENV is a €180 million investment fund focused on making minority investments in innovative start-ups. Since 2014, ENV has deployed over €164 million of capital across 27 investments, in disruptive start-ups leading the energy transition and active in renewable energies, hydrogen, energy efficiency and flexibility, heating and cooling networks. ENV's offices are represented in Paris, San Francisco, Singapore, Santiago and Tel Aviv. Please visit: www.engieventures.com.
About Clean Energy Ventures:
Clean Energy Ventures is a venture capital firm investing in early-stage climate tech startups who can reduce greenhouse gas emissions by 2.5 gigatons of CO2e each between now and 2050, while providing venture-grade returns to our investors. Learn more at cleanenergyventures.com.
In today's world, where industrial businesses need a path to extract more value from their digitization efforts and where they have already implemented the "easy" efficiency wins, ndustrial enable customers to better access, aggregate, analyze, optimize, and act on data. Leveraging the company's technology platform – and applying its integration and advanced analytics know-how to captured data – ndustrial enables companies to gain deeper insights into their business, identify and automate improvements, and drive innovation that positively impacts the customer's bottom line.
"This funding will enable us to move our technology into broader market areas and use cases within the industrial segment," said Jason Massey, Founder and CEO, ndustrial. "Expanding our footprint will allow more industrial businesses to derive insights from real-time, streaming data, and to apply algorithms to automate efficiencies in energy usage or production applications. This gives our customers a competitive advantage as well as the ability to drive innovation across their sites."
More on ncarol.com
- Soft & Sweet Unveils New Studio Location and Website for All-Natural Sugaring in Las Vegas
- Beyond Popularity Rankings, The World's No.1 Superstar® Wins Best Pop Music Video for "Under Your Spell"
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
- ASSIST Software Wins Volkswagen Challenge for Automated Quality Inspection
- National Literacy and Workforce Readiness Crisis Sparks New Program Launching in Birmingham
Lineage Logistics, the world's largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, has taken advantage of ndustrial's technology across more than 200 of its 350+ facilities in real-time, and avoided significant energy spend over the last five years. Similarly, a leading biotech company has leveraged ndustrial's platform and services to enable predictive analysis and modelling and make adjustments that deliver significantly increased yields delivering up to 30 percent more revenue annually.
ENGIE New Ventures' Investment Director, Vincent Pichon, commented, "Clean energy isn't just about producing clean electricity; it's also about reducing the amount of electricity used per unit of production." Sheeraz Haji, Senior Advisor, ENGIE New Ventures added, "Industrial facilities are incredibly complex behind the utility meter. Each site has a unique combination of systems and software, often built up over many years. That reality makes aggregating data and modelling across multi-site businesses hugely challenging, but also extremely important in order to reduce energy."
"We've conducted due diligence on over 100 commercial and industrial efficiency technologies in the last four years, and ndustrial is one of the few we've chosen to invest in," said Daniel Goldman, Managing Director and Co-founder, Clean Energy Ventures. "Their tangible application of machine learning for energy efficiency and process improvement stands apart. We believe their technology has the potential to materially impact carbon emissions in older industrial facilities across a wide range of sectors, and we're looking forward to helping them scale their innovative technology."
More on ncarol.com
- New England Consulting Partners Celebrates 25 Years of Turnaround Management Solutions
- RAS AP Consulting Releases Educational Resource to Help Organizations Prepare for IRS FIRE-to-IRIS Transition
- Roots, Rhythm & Joy Invites Neighbors to Find Community Through Music
- Former Goddard Enterprises Managing Director Anthony Ali Joins STS Capital Partners as Managing Director and Partner
- Disney Streamer Network Establishes Creator Code of Conduct
"When we decided to invest in ndustrial and join the Board in 2015, they had already helped our site in North Carolina save hundreds of thousands of dollars, and Lineage Logistics had just 30 cold storage warehouses. Today, we are more than 350 sites globally. We've been proud to scale our applied sciences and energy efficiency initiatives with the ndustrial team," said Adam Forste, Co-Founder and Co-Chairman of Lineage Logistics and Co-Founder and Managing Partner of Bay Grove, its manager.
Vincent Pichon, ENGIE New Ventures, and Daniel Goldman, Clean Energy Ventures, will join ndustrial's Board of Directors as part of the investment.
About ndustrial:
ndustrial delivers software and services that enable industrial companies to gain deeper insights into their business, actively optimize systems and drive efficiency at scale. ndustrial was founded in 2011 and is headquartered in Raleigh, North Carolina. For more information, visit www.ndustrial.io.
About Engie New Ventures:
ENGIE New Ventures (ENV) is the corporate venture capital arm of ENGIE, the global energy and services provider. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized and digitized world. ENV is a €180 million investment fund focused on making minority investments in innovative start-ups. Since 2014, ENV has deployed over €164 million of capital across 27 investments, in disruptive start-ups leading the energy transition and active in renewable energies, hydrogen, energy efficiency and flexibility, heating and cooling networks. ENV's offices are represented in Paris, San Francisco, Singapore, Santiago and Tel Aviv. Please visit: www.engieventures.com.
About Clean Energy Ventures:
Clean Energy Ventures is a venture capital firm investing in early-stage climate tech startups who can reduce greenhouse gas emissions by 2.5 gigatons of CO2e each between now and 2050, while providing venture-grade returns to our investors. Learn more at cleanenergyventures.com.
Filed Under: Business
0 Comments
Latest on ncarol.com
- Renew Integrative Health Publishes Updated Peptide Therapy Guide to Help Patients Understand Their Options
- AI Agents Are Getting Their Own Computers. HRTech Leading in Vertical Harness Development
- UK Financial Ltd Announces Two-for-One Upgrade of Maya 3 to Maya 3G Token Using Chainlink Cross-Chain Technology
- Clever Solutions Develops PR Strategies for Visibility in AI-Powered Search
- New Wedding Media Company Featured by Meta Lets Couples Relive Their Wedding Day in VR
- Critical FDA Milestone much Closer as Preservative-Free Ketamine Review Advances: NRx Pharmaceuticals (N A S D A Q: NRXP)
- AutoProIT Achieves Cyber Essentials Certification, Reinforcing Its Commitment to Secure Digital Transformation
- DayPass llega a ChatGPT y Claude
- DayPass launches in ChatGPT and Claude
- Renkeer Water Quality Sensors Support Efficient Operation of AI Liquid Cooling Systems
- Victor Archibong Expands ItsArchiDuh Creator Brand
- ACHC International Hospital Standards Earn ISQua EEA Accreditation
- Parade of Homes Winners Announced
- ClearSight Therapeutics Receives U.S. Patent Notice of Allowance
- Revinate launches hospitality's first data activation platform
- HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
- BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
- Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos