# Automation Intellect

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/automation-intellect

- Industry: Software
- Headquarters: Charlotte, US
- Website: www.automationintellect.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Dec 16, 2022)
- Investors on record: 3

## About

Automation Intellect, Inc., based in the US, specializes in providing an Industrial Internet of Things (IIOT) platform that enhances manufacturing processes through data analytics and performance monitoring solutions.Automation Intellect, Inc. was founded in 2016 and is headquartered in Charlotte, US. The company focuses on delivering innovative IIOT solutions for manufacturers, leveraging technology to boost Operational Equipment Effectiveness. The CEO of Automation Intellect is Brad DeMarco. In December 2022, the company raised USD 1 million in a Seed funding round led by Cofounders Capital. This funding has enabled the company to further its marketing and sales initiatives. Automation Intellect has completed a total of 3 deals to date with a current company valuation of USD 4.247 mn.Automation Intellect specializes in providing an Industrial Internet of Things (IIOT) platform aimed at enhancing Overall Equipment Effectiveness (OEE) for manufacturers. The core offerings include real-time performance monitoring, data analytics, and actionable insights that help optimize manufacturing processes, reduce unplanned downtime, and improve productivity. The platform connects with industrial machines using EWON devices and the Talk2M network, allowing manufacturers to monitor performance through a user-friendly interface. Their customer base primarily includes companies in the automotive and medical device sectors, serving clients from Tier One automotive suppliers to Fortune 100 medical device manufacturers across North America, Europe, and parts of Asia.Automation Intellect generates revenue through a subscription-based model that allows clients to access its IIOT platform and services. The business operates primarily through B2B agreements, providing manufacturers with subscriptions that include ongoing support and software updates. The pricing structure is tiered to meet different service levels and integration scales, accommodating a range of operational needs. Clients benefit from continuous improvement initiatives and opportunities for upselling additional features as their operational demands evolve.In December 2022, Automation Intellect raised USD 1 million in venture funding to enhance its marketing and sales operations. The company plans to expand its product offerings to include new analytics tools and performance dashboards tailored for specific industries. Additionally, it aims to penetrate new geographic markets, focusing on regions with high manufacturing concentrations, with initiatives expected to unfold in the coming years. This strategic direction is anticipated to leverage the resources from the recent funding to support these growth initiatives.

## Funding rounds

- Seed, Dec 16, 2022, $1M — Cofounders Capital
- Seed, Jul 31, 2019, $1.5M — Cofounders Capital, StartFast, SaaS Ventures

## Investors

- Cofounders Capital (https://capitalatlas.ai/funds/cofounders-capital) — Seed
- StartFast (https://capitalatlas.ai/funds/startfast) — Seed
- SaaS Ventures (https://capitalatlas.ai/funds/saas-ventures) — Seed