Trending...
- RAS AP Consulting Advances to RFP Stage in Heidelberg Materials' SAP Vendor & Customer Master Data Modernization Initiative
- Matthew Cossolotto Spotlights Make a Promise Day 2026 Events, Including Official Launch of Harness Your PromisePower and Issuing a "Peace Promise"
- Did Drake Just Find His Next Signee? Peoria Rapper Rhymi Gifts "ICEMANDRAKE" Domains, Drops Debut Album Same Day
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
- Husband-and-Wife Photography Team Brings Personal Approach to Families Across the Triangle
- SRK Collective Media Group Launches with a Modern Approach to Media, Authority Building, and Cultural Visibility
- MSBG Corporation Acquires GridWatch US Telemetry Automation System
- TAYP Expands Athlete Exposure Platform Beyond Georgia With New Push Into Virginia and the 757
- KT Medical Staffing Expands Concierge Nursing and Private Duty Nursing Services in Orange County
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
- The Millennium Alliance Achieves Great Place To Work® Certification™ Amid Continued Growth
- The Millennium Alliance Appoints Former Adweek Executive Eric Hayden Shakun as Chief Financial Officer to Accelerate Next Phase of Growth
- T. Jones Group Named Finalist Across Multiple Categories at the 2026 Georgie Awards
- Rock & Roll Fan Granted Dream Experience Thanks to Donors and Grant A Dream™ Program
- The Simplest Small Business You're Probably Not Thinking About
"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.
0 Comments
Latest on ncarol.com
- Michigan Attorney General Closed FGM Licensing Investigations Months Before Federal Case Ended, Records Show
- America's Boating Club Celebrates National Safe Boating Week
- Mensa Foundation Event Reframes Brain Health for Every Age
- New from Regal House Publishing, Into the Night Woods, a boy's heroic effort to save his best friend
- DLT Resolution, Inc. (Stock Symbol: DLTI) Expands Into the $224 Billion Life Settlements Market While Accelerating Telecom Growth Across Canada
- Ashley Wineland's 'Love + Heartbreak' Tour Brings her Emotional and Empowering Album 'Wineland' to Nationwide Audiences
- People & Stories/Gente y Cuentos Welcomes Two New Trustees as Organization Enters 54th Year and Expands Community Reach
- With a Dream and a Team, Monalisa Okojie Is Empowering the Next Generation Through EXPOSE NGO
- Triumph Roofing Charlotte Expands Roofing Services Across South Charlotte and Ballantyne
- American Properties Realty, Inc. Celebrates 2026 FAME Awards - Community of the Year - Heritage at South Brunswick
- Hypershift Launches Hypershift.labs to Operationalize AI in Complex Enterprise Environments
- Mel Blackwell to Keynote 2026 NSSF Marketing and Leadership Summit
- SmartCone and Samsung Launch RoadDefender™ to Enhance Real-Time Safety for Roadside Workers
- The Personal Development Industry Has a Blind Spot Says Global Personal Success Guru Omar L. Harris
- Kevin "Mr. Wonderful" O'Leary Begins New Universal Coin & Bullion Promotion of Gold and Silver
- Flamingo Compliance Launches Schengen Area Trip Planning Tools as New Digital Border Controls Take Effect
- HHS Announces Major Push to Address Psychiatric Drug Risks: CCHR Applauds Focus on Informed Consent and Safe Tapering
- PhaseZero Launches Eight AI Agents for Manufacturers and Distributors - Connecting Sales, Support, and Operations Teams Across Full Commerce Journey
- @tickerbitcoinbb and @girl_still_cute Announce the Arrival of SPROTO AEON BABY 1.0 – A New Chapter for the HarryPotterObamaSonic10Inu Universe
- Michigan Fitness Foundation Gifts EPEC Moves K–5 PE Curriculum Program to Educators during Michigan Moves Month