MachineMetrics Announces $20 Million Series B Funding Round
MachineMetrics, an industrial data startup that elevates manufacturing performance through autonomous machining, announced it has raised $20 million in Series B financing. The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations. “Manufacturing is on the brink of a digital renaissance. The intersection of software, big data, and physical machinery is the next frontier for manufacturing and a proven solution for overcoming the production and labor shortages we are experiencing right now,” said Bill Bither, co-founder and CEO of MachineMetrics. “Today’s industrial machines are inefficient because they require significant human intervention to operate. MachineMetrics makes it easy to harness data from these machines and lays the foundation for the factory of the future, where machines operate autonomously and with predictability.”