MachineMetrics, which equips factories with the digital tools needed to increase productivity and win more business, announced it has raised $11.3 million in Series A financing. Tola Capital led the round with participation from existing investors Hyperplane Venture Capital, Long River Ventures, Mass Ventures, Hub Angels, and Firebolt Ventures. With the new funds, the company will expand its data-science and product-development teams while accelerating global sales. MachineMetrics is a pioneer in industrial IoT (internet of things) technology. Its system is designed so customers can install it themselves without the need for expensive and time-consuming customization.