# Arundo Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arundo-analytics

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.arundo.com
- Total disclosed funding: $28M
- Latest round: Series A (Jan 25, 2018)
- Investors on record: 10

## About

Arundo Analytics, Inc. develops AI-driven solutions for asset-heavy industries, aiming to enhance operational performance and reduce costs through innovative technology and real-time insights.Founded in 2015 and headquartered in Palo Alto, US, Arundo Analytics specializes in creating data solutions for industrial operations. The company was co-founded by Tor Ramsøy, who has a history of leadership in technology-driven ventures. Arundo has engaged in three funding deals, with the most recent being a Series A round on January 25, 2018, raising USD 25.00 mn from investors including Arctic Asset Management and Horizon Founders Capital.Arundo specializes in developing AI-driven solutions tailored for asset-heavy industries, focusing on enhancing operational performance, reducing costs, and fostering innovation. Their flagship offering, AI Companion, functions as a real-time assistant for industrial operations, empowering teams to ask questions and obtain actionable insights at any time. This solution seamlessly integrates telemetry, knowledge graphs, and unstructured data to simplify complex operational challenges. Arundo’s technology stack, known as the Arundo Foundation, contextualizes data and orchestrates advanced analytics and AI models, providing tailored solutions that meet the specific needs of diverse industrial applications. The company's clientele includes prominent players in sectors such as maritime, energy, and manufacturing, with notable users across geographical markets in Europe, North America, and Asia.Arundo operates on a cloud-delivered Software as a Service (SaaS) model, wherein revenue is generated primarily through subscription agreements for its AI solutions. These subscriptions offer clients access to features such as AI Companion and other specialized applications designed to address industry-wide challenges. The company collaborates closely with factory managers, engineers, and operators to build end-to-end solutions, ensuring that their offerings remain aligned with customer needs. Transactions typically involve long-term partnerships, where organizations engage Arundo for continuous support and development aligned with their operational objectives. This partnership model facilitates sustained revenue through ongoing service engagements, reflecting the company's commitment to delivering high-value, user-focused AI applications.In January 2018, new investors Arctic Asset Management, Canica, Helene Sundt AS, Horizon Ventures, Stokke AS, and Strømstangen Invest AS co-led a USD 25 mn Series A financing for Arundo Analytics, Inc. This funding will support the development of new products, including expansions of their AI Companion functionalities. Arundo aims to penetrate new markets in Asia and enhance their offerings for existing clients in North America and Europe by 2025. The funds will also be utilized to scale operations and enhance R&D activities to meet growing industrial demands.

## Funding rounds

- Series A, Jan 25, 2018, $25M — Horizon Founders Capital, Northgate Capital, Arctic Asset Management, Strømstangen Invest AS, Stokke AS, Stanford-StartX Fund, Canica, Helene Sundt AS
- Seed, Aug 3, 2015, $2.7M — Alliance Venture, Northgate Capital, Brillio LLC

## Investors

- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Seed
- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Seed, Series A
- Brillio LLC — Seed
- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Series A
- Arctic Asset Management — Series A
- Strømstangen Invest AS — Series A
- Stokke AS — Series A
- Stanford-StartX Fund — Series A
- Canica — Series A
- Helene Sundt AS — Series A