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ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

TechCrunch · 1y ago

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

Austin-based startup ControlRooms.ai has secured $10 million in a Series A funding round led by Origin Ventures, along with Amity Ventures, Tokio Marine Future Fund, and others. The company's AI-powered analytics application automates troubleshooting in heavy industries, reducing downtime and improving productivity. Unlike generic AI platforms, ControlRooms.ai's solution is purpose-built for process and operations engineers, enabling users to predict and address potential issues in manufacturing plants. The funding will support product development and expansion in chemical, petrochemical, energy, and materials facilities globally. The startup also plans to incorporate generative AI capabilities for more advanced predictive applications.

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Robot software firm Mujin raises $85M

TechCrunch · 1y ago

Robot software firm Mujin raises $85M

Mujin, a startup specializing in AI-based software for industrial automation, has raised $85 million in a Series C funding round led by SBI Investment, with participation from Pegasus Tech Ventures and Accenture, among others. The Tokyo- and Atlanta-based company has developed MujinController, which allows users to automate various applications for industrial robots, aiming to improve productivity and safety in manufacturing and logistics. The funds will be used for product expansion and global expansion. Mujin's platform is used by major robot original equipment manufacturers like ABB, Fanuc, KUKA, Yaskawa, Universal Robots, and Kawasaki.

BridgeCare Raises $10M in Funding

Finsmes · 1y ago

BridgeCare Raises $10M in Funding

San Francisco-based company BridgeCare has secured $10 million in funding from Avenue Growth Partners to support its data and technology infrastructure platform for early care and education. Led by CEO Jamee Herber, BridgeCare's SaaS solutions enable government agencies and organizations to improve access to quality child care. The company already serves more than 500,000 families and 50,000 providers across 14 US states, and plans to use the investment to expand its operations and further develop its services. Through its innovative approach, BridgeCare aims to create a more equitable and effective early childhood education system.

Aim Security Raises $10M in Seed Funding

Finsmes · 1y ago

Aim Security, a Tel Aviv-based cybersecurity startup, has secured $10 million in seed funding. Led by YL Ventures and supported by investors from Google, Proofpoint, and Palo Alto Networks, the funding will be used to expand the company's operations and development efforts. Aim Security offers a GenAI security platform that helps enterprises securely adopt artificial intelligence technology without compromising on security. The platform allows security leaders to provide proactive protection for all use cases and ensure the integrity of GenAI tools and third-party applications.

Dragos raises $74M to secure industrial control systems from threats

Startup News FYI

Startup News FYI · 1y ago

Dragos raises $74M to secure industrial control systems from threats

Dragos, a company focused on securing control systems for manufacturing and industrial equipment, has raised $74 million in a Series D round extension led by WestCap. The funding will be used to expand the company's customer base and make industrial cybersecurity more accessible globally. Dragos helps protect infrastructure in industries such as electric, water, oil and gas, and chemical from cyber threats. With attacks on industrial control systems increasing in frequency and sophistication, the global market for industrial cybersecurity is predicted to reach $10.2 billion by 2025. Dragos aims to provide visibility and analytics to identify and respond to threats in industrial control systems.

Fever Raises €10M in Seed Funding

Finsmes · 1y ago

Fever Raises €10M in Seed Funding

Stockholm-based company, Fever, has raised €10M in Seed funding led by General Catalyst, with participation from previous investors. Fever provides an API-centric platform for virtual power plants, enabling energy asset installers and operators to monetize their power plants by optimizing energy distribution. The funds will be used to accelerate expansion plans, deepen product development, and expand collaborations across Europe. Niek den Hollander and Holger Lichtschläger will join the company's Board of Directors.

Vatom Raises $10M in Series B Funding

Finsmes · 1y ago

Vatom Raises $10M in Series B Funding

Vatom, a customer engagement platform provider based in Venice, CA, has secured $10 million in Series B funding at a valuation of $125 million. Led by GSV AirCO, the round saw participation from Heart Media, Galaxy Digital, Raine Group, and Bat VC. The company plans to use the funds to expand its customer success, marketing, and product teams in order to support its growing customer base. Vatom's platform is used by major companies such as Google, PepsiCo, and Deloitte to engage with users on the emerging Web3.

Superorder raises $10M to help restaurants maintain their online presence

TechCrunch · 1y ago

Superorder raises $10M to help restaurants maintain their online presence

Superorder, a platform that helps restaurants enhance their online presence and streamline their off-premise dining operations, has raised $10 million in a funding round led by Foundation Capital. The platform provides tools for website creation, order management, marketing, financial management, and more. It also assists restaurants in launching virtual restaurants or ghost kitchens and uses generative AI to generate menus and photos for each virtual restaurant listing. Superorder plans to use the funding to expand its operations, sales, and engineering teams and become a comprehensive off-premise operating system for restaurants.

MiClient raises seed round from IAN Group, others

Entrackr

Entrackr · 11m ago

MiClient raises seed round from IAN Group, others

MiClient, an AI-driven B2B sales enablement platform, has raised Rs 3.9 crore in its seed funding round led by IAN Group with participation from Anicut, GSF, RTAF, and Keiretsu. Vikas Kuthiala and Pratik Mathurkar from IAN led the round. The round follows an initial pre-seed investment in October 2023 from 100x.VC. The proceeds will be used to build a stronger team and expand market presence across more geographies in India. In addition to market expansion, MiClient is developing an AI-based model to create quotations and invoices in seconds, further streamlining the sales process for its users. Led by Swati Sharma, MiClient’s easy-to-use CPQ platform helps sales teams close deals three times faster, with the average deal now closing in just 10 days. Expanding further into India’s industrial hubs, MiClient is executing a feet-on-the-street go-to-market strategy. MiClient is expanding into more industrial hubs across India using a direct sales approach. With over 150 customers and over 1,500 users, the company serves SMEs, particularly in the B2B manufacturing sector, with a user-friendly platform.

13SQFT.com raises Rs 8 crores in Pre-Series A Round led by Inflection Point Ventures

Startup News FYI

Startup News FYI · 1y ago

13SQFT.com raises Rs 8 crores in Pre-Series A Round led by Inflection Point Ventures

Mumbai's 13SQFT.com, India's first B2B platform for warehousing, logistics, and industrial sectors, has secured $1 million in a Pre-Series Round led by Inflection Point Ventures. The funds will be used to expand teams, enhance technology, and increase brand presence. The startup aims to shape the future of these industries by offering end-to-end solutions for space, infrastructure, and automation. It plans to establish multiple manufacturing facilities across Africa and Asia, focusing on components localization. The startup's founders bring deep domain expertise, and it has gained recognition and awards for its accomplishments.

Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners

IndianStartupNews

IndianStartupNews · 1y ago

Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners

Bengaluru-based aerospace components manufacturer JJG Aero has secured $12 million in funding from CX Partners. The funds will be used to expand the company's manufacturing capacity and support other corporate initiatives. JJG Aero specializes in manufacturing high-precision machined components for the commercial aerospace, automotive, and industrial segments. The company has experienced significant growth in recent years, and the investment will help it meet the rising demand in the aerospace supply chain. CX Partners believes that aero-parts and component manufacturing is an emerging segment in India's manufacturing outsourcing story and sees JJG Aero well-positioned to capitalize on the opportunities.

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