Machine Metrics, an IoT-focused startup that supplies digital tools to companies in order to increase productivity, has landed $11.3 million in Series A financing led by Tola Capital. Machine Metrics says it will use the funds to accelerate global sales of its data science products.
Here is an excerpt from privateequitywire:
MachineMetrics is a pioneer in Industrial IoT (Internet of Things) technology and brings analytics to manufacturing. Once installed, manufacturers can collect, visualize and analyses data from any industrial machine.
MachineMetrics is a pioneer in Industrial IoT (Internet of Things) technology. Its system is designed so that customers can install it themselves without the need for expensive and time-consuming customization.
Once installed, manufacturers can collect, visualize and analyses data from any industrial machine. It automatically senses when there is a problem, even predicting some problems hours or minutes before they occur, and recommends solutions that reduce costly unplanned outages. In addition, MachineMetrics benchmarks a company’s machine performance against those of their peers to help guide future investments.
