We’re excited to announce that we have raised $75 million with a round led by Lightrock with participation from several of our existing investors:
@insightpartners,
@EclipseVentures,
@QumraCapital, as well as SE Ventures,
@QualcommVenture and La Maison Partners. This new round increases our valuation as we maintain our position as the only ‘unicorn’ startup in the Production Health category.
Since our last funding round in 2021, we’ve seen a 5x increase in revenue, 3x growth of Fortune 500 manufacturing customers, and expanded our product portfolio from asset performance and reliability to include AI-driven solutions for process optimization.
Read the full press release here:
bit.ly/4ba4mxW.