Tractian specializes in providing asset management and monitoring solutions designed to enhance the efficiency and reliability of industrial operations. The company offers tools for data collection and analysis that enable businesses to track the performance and condition of their assets effectively. Tractian's system integrates with various sensors and devices, facilitating predictive maintenance by offering real-time monitoring capabilities. This makes it easier for maintenance teams and decision-makers in sectors such as manufacturing, logistics, and energy to gain comprehensive oversight of their operations.
Tractian specializes in providing asset management and monitoring solutions designed to enhance the efficiency and reliability of industrial operations. The company offers tools for data collection and analysis that enable businesses to track the performance and condition of their assets effectively. Tractian's system integrates with various sensors and devices, facilitating predictive maintenance by offering real-time monitoring capabilities. This makes it easier for maintenance teams and decision-makers in sectors such as manufacturing, logistics, and energy to gain comprehensive oversight of their operations.
Locus Robotics
Series F in 2022
Locus Robotics Corp. develops and manufactures autonomous mobile robots designed to enhance fulfillment operations in warehouses and e-commerce settings. Founded in 2014 and headquartered in Wilmington, Massachusetts, the company offers LocusBots, which can work with various containers and incorporate special peripherals to streamline order processing. These robots are engineered to collaborate with human workers, significantly increasing order productivity and fulfillment speed, achieving 2 to 3 times the throughput with near-perfect order accuracy. Locus Robotics serves a range of clients, including retailers, manufacturers, and third-party logistics providers, helping them efficiently manage high order volumes and meet the growing demands of e-commerce and omnichannel fulfillment.
Avidbots, established in 2014 and headquartered in Ottawa, Canada, specializes in developing and manufacturing autonomous commercial floor cleaning robots. Their flagship product, NEO, uses laser mapping technology to efficiently clean and maintain large spaces in various industries, including airports, retail malls, hospitals, and warehouses. NEO operates alongside human cleaning crews, allowing them to focus on higher-value tasks while the robot handles repetitive floor scrubbing. The company's mission is to integrate robots into everyday life to enhance human potential.
Tractian specializes in providing asset management and monitoring solutions designed to enhance the efficiency and reliability of industrial operations. The company offers tools for data collection and analysis that enable businesses to track the performance and condition of their assets effectively. Tractian's system integrates with various sensors and devices, facilitating predictive maintenance by offering real-time monitoring capabilities. This makes it easier for maintenance teams and decision-makers in sectors such as manufacturing, logistics, and energy to gain comprehensive oversight of their operations.
Wandelbots
Series C in 2022
Wandelbots GmbH, headquartered in Dresden, Germany, specializes in robotic software that simplifies the programming of industrial robots. The company offers a no-code solution called Wandelbots Teaching, which allows users to teach robots through demonstration-based technology using sensor-attached wearables. This innovative approach enables individuals without programming expertise to train robots efficiently, significantly reducing the time and cost associated with automation processes. Wandelbots' technology supports various robot brands, including Universal Robots and Yaskawa, and is utilized by prominent companies such as VW, Bayer, and Fraunhofer. Since its establishment in 2017, Wandelbots has rapidly grown to over 170 employees, securing substantial funding and awards for its contributions to the robotics field. The company continues to expand its market presence and establish partnerships with system integrators across Germany, Europe, and the USA.
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.
Wandelbots
Series B in 2020
Wandelbots GmbH, headquartered in Dresden, Germany, specializes in robotic software that simplifies the programming of industrial robots. The company offers a no-code solution called Wandelbots Teaching, which allows users to teach robots through demonstration-based technology using sensor-attached wearables. This innovative approach enables individuals without programming expertise to train robots efficiently, significantly reducing the time and cost associated with automation processes. Wandelbots' technology supports various robot brands, including Universal Robots and Yaskawa, and is utilized by prominent companies such as VW, Bayer, and Fraunhofer. Since its establishment in 2017, Wandelbots has rapidly grown to over 170 employees, securing substantial funding and awards for its contributions to the robotics field. The company continues to expand its market presence and establish partnerships with system integrators across Germany, Europe, and the USA.
Gecko Robotics
Series B in 2019
Gecko Robotics, Inc. is a company specializing in industrial inspection services aimed at protecting and maintaining critical infrastructure. Founded in 2013 and headquartered in Pittsburgh, Pennsylvania, with additional offices in Austin and Houston, Texas, as well as Seville, Spain, and Santiago, Chile, Gecko Robotics integrates advanced robotics and inspection technologies. Its offerings include wall-climbing robots equipped with ultrasound transducers and high-definition cameras that perform non-destructive testing, allowing for comprehensive asset health assessments. These innovative solutions leverage an AI-powered data platform to facilitate real-time decision-making, enhancing operational efficiency and safety while minimizing downtime and costs. Gecko Robotics primarily serves industries such as power, oil and gas, and pulp and paper, contributing to the mission readiness and environmental protection of infrastructure systems.
Built Robotics
Series B in 2019
Built Robotics Inc. is a technology company focused on automating the construction industry through the development of AI guidance systems that transform heavy equipment into autonomous robots. Founded in 2016 and headquartered in San Francisco, California, the company integrates various sensors, including GPS, cameras, and Lidar, with advanced software to enable earthmoving equipment to operate autonomously. Built Robotics aims to address the workforce gap in the construction sector, particularly in the $300 billion solar industry, by automating repetitive tasks and facilitating the construction of critical infrastructure such as wind farms, oil and gas pipelines, and new housing developments.
Avidbots, established in 2014 and headquartered in Ottawa, Canada, specializes in developing and manufacturing autonomous commercial floor cleaning robots. Their flagship product, NEO, uses laser mapping technology to efficiently clean and maintain large spaces in various industries, including airports, retail malls, hospitals, and warehouses. NEO operates alongside human cleaning crews, allowing them to focus on higher-value tasks while the robot handles repetitive floor scrubbing. The company's mission is to integrate robots into everyday life to enhance human potential.
Veo Robotics
Series A in 2019
Veo Robotics, Inc., founded in 2016 and based in Waltham, Massachusetts, specializes in developing robotics systems designed for industrial automation. The company focuses on creating high-performance industrial robots that can safely and efficiently collaborate with human workers. Their innovative products leverage advanced computer vision, 3D sensing, and artificial intelligence to enhance the flexibility and productivity of manufacturing workcells. By utilizing proprietary algorithms, sensing technologies, and control systems, Veo Robotics enables clients to optimize their operations, ultimately increasing productivity and reducing operating costs in various manufacturing and logistics environments.
Braincube
Venture Round in 2018
Braincube is a developer of an industrial internet of things platform designed to enhance productivity for manufacturers. The company offers a unique solution that aggregates complex data generated by production machines into a secure database. Utilizing advanced AI technologies, Braincube continuously collects and structures data in various formats, allowing production teams to access optimal equipment control settings. By employing predictive algorithms, the platform enables factories to effectively manage and optimize their operations, thereby improving overall efficiency.
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.
Falkonry Inc. is an industrial AI software company based in Sunnyvale, California, founded in 2012. It specializes in machine learning solutions that enhance condition recognition through real-time data analysis and expert feedback. Falkonry's products, such as Falkonry LRS and Falkonry Edge Analyzer, analyze multivariate time series data to identify patterns, predict critical events, and improve operational behaviors. The company serves Global Fortune 2000 clients across sectors like manufacturing and defense, providing insights that lead to significant improvements in production uptime, quality, yield, and safety. Its AI platform is designed for scalability and can be deployed on-site, at the edge, or in the cloud, with optimizations for major IIoT platforms. Falkonry’s solutions aim to enhance operations productivity and mission performance, assisting organizations in achieving greater efficiency throughout their production facilities.
Veo Robotics
Series A in 2017
Veo Robotics, Inc., founded in 2016 and based in Waltham, Massachusetts, specializes in developing robotics systems designed for industrial automation. The company focuses on creating high-performance industrial robots that can safely and efficiently collaborate with human workers. Their innovative products leverage advanced computer vision, 3D sensing, and artificial intelligence to enhance the flexibility and productivity of manufacturing workcells. By utilizing proprietary algorithms, sensing technologies, and control systems, Veo Robotics enables clients to optimize their operations, ultimately increasing productivity and reducing operating costs in various manufacturing and logistics environments.
Sternico
Venture Round in 2016
Sternico is a company with over 15 years of experience in providing innovative software solutions focused on business processes and industrial automation. The firm specializes in developing cloud-based software that aids in the digitization and automation of industrial operations. Sternico's offerings include a range of services such as analysis, consulting, software development, system integration, and software assurance. By leveraging the expertise of its employees, the company delivers both standard products and customized services aimed at enhancing the quality of clients' operations, optimizing their processes, and fostering collaborative partnerships.
Veo Robotics
Pre Seed Round in 2016
Veo Robotics, Inc., founded in 2016 and based in Waltham, Massachusetts, specializes in developing robotics systems designed for industrial automation. The company focuses on creating high-performance industrial robots that can safely and efficiently collaborate with human workers. Their innovative products leverage advanced computer vision, 3D sensing, and artificial intelligence to enhance the flexibility and productivity of manufacturing workcells. By utilizing proprietary algorithms, sensing technologies, and control systems, Veo Robotics enables clients to optimize their operations, ultimately increasing productivity and reducing operating costs in various manufacturing and logistics environments.
CyberFlow Analytics
Venture Round in 2016
CyberFlow Analytics is a cybersecurity firm based in San Diego, California, with additional offices in Silicon Valley. The company specializes in developing FlowScape software, which provides continuous threat assessment and monitoring for enterprise security and the Industrial Internet of Things. Utilizing unsupervised machine learning and behavioral analytics, CyberFlow focuses on detecting Advanced Persistent Threats (APTs) and cyber breaches. The company has introduced the concept of "anomalytics," emphasizing real-time network anomaly detection through advanced analytics. CyberFlow Analytics is led by a seasoned management team, including Dr. Hossein Eslambolchi, Tom Caldwell, and Louie Gasparini.
PHM Technology
Venture Round in 2016
PHM Technology is an advanced engineering firm specializing in developing 'model-based' engineering tools. These tools facilitate the design, safety, reliability, and health management of intricate systems, particularly in safety- and mission-critical industries like defense. The company actively collaborates with industry partners, government operators, and academia to expand its MADe platform's capabilities, ensuring it meets specific user needs.
Wirescan
Venture Round in 2016
Wirescan AS is a Norwegian company specializing in the diagnosis and condition assessment of electrical cables. Established in 2005 and based in Trollåsen, it offers advanced tools such as the LIRA Portable, which enables real-time monitoring of cable insulation and conductor degradation due to environmental and mechanical stress. Wirescan's solutions assist clients in various industries, including offshore wind, nuclear power, oil and gas, and power transmission, by providing accurate cable fault location, quality assurance, and maintenance planning. The company’s platform supports health assessments, cloud storage, and aging management to help clients reduce costs and minimize unscheduled shutdowns.
Seeq
Venture Round in 2015
Seeq Corporation is a software company that specializes in analytics solutions for industrial process data. Founded in 2012 and headquartered in Seattle, Washington, Seeq provides an application that enables users to process data analytics, cleanse data, model information, and monitor assets in real time. The platform integrates data from various sources, including historians like OSIsoft PI and relational databases such as SQL Server and Oracle. By focusing on industries such as food and beverage, oil and gas, pharmaceuticals, and utilities, Seeq aims to help organizations derive valuable insights from their industrial data. The company fosters collaboration among employees, facilitating better business decisions and operational execution.
CyberFlow Analytics
Seed Round in 2015
CyberFlow Analytics is a cybersecurity firm based in San Diego, California, with additional offices in Silicon Valley. The company specializes in developing FlowScape software, which provides continuous threat assessment and monitoring for enterprise security and the Industrial Internet of Things. Utilizing unsupervised machine learning and behavioral analytics, CyberFlow focuses on detecting Advanced Persistent Threats (APTs) and cyber breaches. The company has introduced the concept of "anomalytics," emphasizing real-time network anomaly detection through advanced analytics. CyberFlow Analytics is led by a seasoned management team, including Dr. Hossein Eslambolchi, Tom Caldwell, and Louie Gasparini.
Sternico is a company with over 15 years of experience in providing innovative software solutions focused on business processes and industrial automation. The firm specializes in developing cloud-based software that aids in the digitization and automation of industrial operations. Sternico's offerings include a range of services such as analysis, consulting, software development, system integration, and software assurance. By leveraging the expertise of its employees, the company delivers both standard products and customized services aimed at enhancing the quality of clients' operations, optimizing their processes, and fostering collaborative partnerships.
Wirescan
Convertible Note in 2014
Wirescan AS is a Norwegian company specializing in the diagnosis and condition assessment of electrical cables. Established in 2005 and based in Trollåsen, it offers advanced tools such as the LIRA Portable, which enables real-time monitoring of cable insulation and conductor degradation due to environmental and mechanical stress. Wirescan's solutions assist clients in various industries, including offshore wind, nuclear power, oil and gas, and power transmission, by providing accurate cable fault location, quality assurance, and maintenance planning. The company’s platform supports health assessments, cloud storage, and aging management to help clients reduce costs and minimize unscheduled shutdowns.
Powerit Solutions
Series D in 2014
Powerit Solutions LLC, established in 1994 and headquartered in Seattle, Washington, specializes in energy management services for industrial and commercial clients. The company offers a suite of solutions, including its Energy Director power management system and Konnekt Wireless I/O, to reduce energy costs and optimize demand levels. Additionally, Powerit provides tailored IT consulting services, such as managed IT services, network efficiency monitoring, and cybersecurity assessments, to enhance clients' technological capabilities.
Powerit Solutions
Venture Round in 2014
Powerit Solutions LLC, established in 1994 and headquartered in Seattle, Washington, specializes in energy management services for industrial and commercial clients. The company offers a suite of solutions, including its Energy Director power management system and Konnekt Wireless I/O, to reduce energy costs and optimize demand levels. Additionally, Powerit provides tailored IT consulting services, such as managed IT services, network efficiency monitoring, and cybersecurity assessments, to enhance clients' technological capabilities.
BuildingIQ
Convertible Note in 2014
BuildingIQ is a technology company specializing in energy management solutions for commercial buildings. Founded in 2009, the company designs, develops, and implements software that optimizes energy consumption in heating, ventilation, and air conditioning (HVAC) systems. BuildingIQ's suite of products, including BuildingIQ, ComfortIQ, and DRIQ, use predictive energy optimization algorithms to continuously adjust HVAC settings, reducing energy costs and emissions while maintaining or improving occupant comfort. The company's solutions are compatible with existing building energy management systems and utility demand response systems, incorporating weather forecasts, occupant comfort, utility prices, and demand response signals in their optimization processes. BuildingIQ has been recognized for its innovative approach to energy management, winning several awards and accolades. The company operates in North America, Australasia, and Australia, with headquarters in Fargo, North Dakota, and additional offices in the United States and Australia.
BuildingIQ
Series A in 2013
BuildingIQ is a technology company specializing in energy management solutions for commercial buildings. Founded in 2009, the company designs, develops, and implements software that optimizes energy consumption in heating, ventilation, and air conditioning (HVAC) systems. BuildingIQ's suite of products, including BuildingIQ, ComfortIQ, and DRIQ, use predictive energy optimization algorithms to continuously adjust HVAC settings, reducing energy costs and emissions while maintaining or improving occupant comfort. The company's solutions are compatible with existing building energy management systems and utility demand response systems, incorporating weather forecasts, occupant comfort, utility prices, and demand response signals in their optimization processes. BuildingIQ has been recognized for its innovative approach to energy management, winning several awards and accolades. The company operates in North America, Australasia, and Australia, with headquarters in Fargo, North Dakota, and additional offices in the United States and Australia.
Panoratio
Venture Round in 2012
Panoratio, established in March 2003 in Munich, Germany, originated from research conducted at the Siemens AG Artificial Intelligence and Machine Learning Laboratory, aimed at optimizing gas turbine engine performance in power plants. The challenge of analyzing complex datasets generated by sensors led to the development of a software solution that effectively compresses data while retaining its granularity. This innovation prompted Siemens AG to spin off Panoratio as an independent entity. The company has since created PANOsight, a software suite that leverages patented compression technology. Panoratio serves over 50 customers, including notable organizations such as AOK, AOL, Macy's, and Vodafone. By providing big data analytics applications, Panoratio enables businesses to conduct investigative and predictive analysis of large, heterogeneous data sets, facilitating the development of simulation platforms that help clients detect change indicators, optimize business models, and manage transformations proactively.
Wirescan
Venture Round in 2010
Wirescan AS is a Norwegian company specializing in the diagnosis and condition assessment of electrical cables. Established in 2005 and based in Trollåsen, it offers advanced tools such as the LIRA Portable, which enables real-time monitoring of cable insulation and conductor degradation due to environmental and mechanical stress. Wirescan's solutions assist clients in various industries, including offshore wind, nuclear power, oil and gas, and power transmission, by providing accurate cable fault location, quality assurance, and maintenance planning. The company’s platform supports health assessments, cloud storage, and aging management to help clients reduce costs and minimize unscheduled shutdowns.
eMeter Corporation specializes in energy information management solutions tailored for the utility mass market and commercial and industrial sectors. Founded in 1999 and headquartered in San Mateo, California, the company provides essential software that supports electric, gas, and water utilities in maximizing the benefits of their advanced metering infrastructure and smart grid initiatives. Its flagship product, EnergyIP, is an enterprise meter data management platform that integrates various advanced metering information systems with utility information systems. Additionally, eMeter offers tools for business process management focused on advanced metering implementation, operations, and maintenance, as well as solutions for meter data unification and integration with SAP systems. The company also provides SmartStart, a program that helps utilities validate their investments in advanced metering infrastructure, implement eMeter solutions, and conduct user acceptance testing. Furthermore, eMeter offers strategic consulting services related to meter data management, advanced metering, and demand response, and maintains a strategic partnership with Siemens Corporation.
SensorDynamics
Series B in 2007
SensorDynamics was a European semiconductor and MEMS company headquartered in Graz, Austria, with additional offices in Italy and Germany. The company specialized in the development and manufacturing of high-volume micro- and wireless semiconductor sensor products. Its offerings included custom-designed and standard components intended for various applications, such as vehicle stabilization, occupant protection, navigation systems, keyless entry systems, and autonomous energy generators for wireless and battery-free controllers. SensorDynamics primarily served the automotive, industrial, and high-end consumer sectors. In 2011, the company was acquired by Maxim Integrated for $164 million and employed approximately 130 people at the time of the acquisition.
Serveron Corporation specializes in developing and supporting online transformer products and diagnostic services. The company provides transformer monitors that deliver essential asset data, including dissolved gas analysis of insulating oil in power transformers and other oil-filled equipment. Its offerings also include monitoring services that allow users to access data from any internet-connected Windows PC, transformer bushing monitors for power factor testing, and advisory services to help utilities manage their transformer fleets. Additionally, Serveron focuses on energy asset management, enabling real-time monitoring, control, and reporting of remote energy systems. The company serves utilities, industrial users, and service organizations both in the United States and internationally. Headquartered in Hillsboro, Oregon, Serveron Corporation operates as a subsidiary of BPL Global, Ltd.
MontaVista Software
Venture Round in 2006
MontaVista Software specializes in the commercialization of embedded Linux, providing businesses with high-quality Linux solutions and developer tools tailored for the embedded device market. The company offers Market Specific Distributions (MSDs) that support various applications, including industrial automation, automotive systems, Android devices, portable multimedia, and multicore networking. MontaVista's products are designed to streamline the development process, significantly reducing the time and effort required to bring commercial products to market. With expert support and hardware enablement, MontaVista enhances the capabilities of open-source Linux, contributing to the deployment of over 50 million devices globally that rely on their Linux offerings.
Serveron Corporation specializes in developing and supporting online transformer products and diagnostic services. The company provides transformer monitors that deliver essential asset data, including dissolved gas analysis of insulating oil in power transformers and other oil-filled equipment. Its offerings also include monitoring services that allow users to access data from any internet-connected Windows PC, transformer bushing monitors for power factor testing, and advisory services to help utilities manage their transformer fleets. Additionally, Serveron focuses on energy asset management, enabling real-time monitoring, control, and reporting of remote energy systems. The company serves utilities, industrial users, and service organizations both in the United States and internationally. Headquartered in Hillsboro, Oregon, Serveron Corporation operates as a subsidiary of BPL Global, Ltd.
Panoratio
Series B in 2005
Panoratio, established in March 2003 in Munich, Germany, originated from research conducted at the Siemens AG Artificial Intelligence and Machine Learning Laboratory, aimed at optimizing gas turbine engine performance in power plants. The challenge of analyzing complex datasets generated by sensors led to the development of a software solution that effectively compresses data while retaining its granularity. This innovation prompted Siemens AG to spin off Panoratio as an independent entity. The company has since created PANOsight, a software suite that leverages patented compression technology. Panoratio serves over 50 customers, including notable organizations such as AOK, AOL, Macy's, and Vodafone. By providing big data analytics applications, Panoratio enables businesses to conduct investigative and predictive analysis of large, heterogeneous data sets, facilitating the development of simulation platforms that help clients detect change indicators, optimize business models, and manage transformations proactively.
Factory Logic
Venture Round in 2005
Factory Logic, Inc. is a provider of factory management solutions based in Austin, Texas. Founded in 1993, the company specializes in developing the Streamline Lean Factory Management System, which offers operational management software designed to equip factory personnel with integrated tools necessary for designing, operating, and enhancing lean manufacturing facilities. The Lean Operations suite facilitates an integrated approach that aligns production with customer demand while ensuring stability within factory and supply chain operations. Additionally, Factory Logic engages in consulting projects, offering its expertise to various sectors, including automotive, electronics, industrial equipment, and aerospace. The company was previously known as Scintellect Systems, Inc. and has been operating as a subsidiary of SAP AG since December 2006.
SensorDynamics
Series A in 2004
SensorDynamics was a European semiconductor and MEMS company headquartered in Graz, Austria, with additional offices in Italy and Germany. The company specialized in the development and manufacturing of high-volume micro- and wireless semiconductor sensor products. Its offerings included custom-designed and standard components intended for various applications, such as vehicle stabilization, occupant protection, navigation systems, keyless entry systems, and autonomous energy generators for wireless and battery-free controllers. SensorDynamics primarily served the automotive, industrial, and high-end consumer sectors. In 2011, the company was acquired by Maxim Integrated for $164 million and employed approximately 130 people at the time of the acquisition.
MontaVista Software
Venture Round in 2004
MontaVista Software specializes in the commercialization of embedded Linux, providing businesses with high-quality Linux solutions and developer tools tailored for the embedded device market. The company offers Market Specific Distributions (MSDs) that support various applications, including industrial automation, automotive systems, Android devices, portable multimedia, and multicore networking. MontaVista's products are designed to streamline the development process, significantly reducing the time and effort required to bring commercial products to market. With expert support and hardware enablement, MontaVista enhances the capabilities of open-source Linux, contributing to the deployment of over 50 million devices globally that rely on their Linux offerings.
IndX Software
Venture Round in 2003
IndX Software is an enterprise software firm specializing in operations intelligence solutions tailored for Fortune 2000 companies, particularly in the process manufacturing sector and their supply chains. The company's flagship product, XHQ, offers users a unified view of critical information necessary for real-time decision-making and performance management. By extracting and integrating data from various disparate backend systems, XHQ aggregates and manages content effectively, ensuring that relevant information is readily accessible to users. IndX Software focuses on the energy and manufacturing industries, providing essential tools to enhance operational efficiency and decision support in large industrial environments.