# Automsoft

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/automsoft

- Industry: Software
- Headquarters: Princeton, US
- Website: www.automsoft.com
- Total disclosed funding: $10M
- Latest round: Series C (May 1, 2004)
- Investors on record: 5

## About

Automsoft specializes in data management solutions, offering the RAPID™ platform designed for efficient time series data processing and visualization across various industries, enhancing operational efficiency and predictive maintenance.Founded in 1997, Automsoft is based in Princeton, US, and focuses on developing advanced data management solutions. The company has undergone strategic pivots to emphasize its core RAPID™ platform, which caters to industrial automation and IoT sectors. Automsoft has successfully raised EUR 2.10 mn in its Series C funding round, attracting investment from Bridges Fund Management, Cross Atlantic Capital Partners, Optimum Asset Management, and Pentech Ventures. The CEO, Paraic O'Toole, leads the company with a vision grounded in innovation and customer satisfaction, as evidenced by its four completed deals.Automsoft's primary offering is the RAPID™ time series database and process data platform, engineered to efficiently manage, analyze, and visualize time series data. This platform caters to a broad spectrum of industries, including industrial automation and IoT, by providing solutions that enable users to connect, collect, and visualize extensive volumes of process data. RAPID™ facilitates the creation of advanced HTML5 dashboards for real-time monitoring, ad-hoc queries, and complex key performance indicators (KPIs). The platform integrates seamlessly with external AI engines, such as TensorFlow, and supports a modular architecture that connects to both standard and proprietary protocols, ensuring secure and efficient data transfer. Automsoft's client base encompasses blue-chip companies across various sectors globally, including North America, Europe, and Asia-Pacific, focusing on enhancing operational efficiency and predictive maintenance capabilities.Automsoft generates revenue through a model that emphasizes subscriptions and partnerships for its RAPID™ platform, which is designed for B2B transactions primarily within industrial and IoT sectors. Clients typically engage in contracts that include both initial licensing fees and ongoing subscription payments for software updates, support, and additional features. The transaction structure often involves tailored agreements based on the specific needs of enterprises, allowing for scalable solutions that cater to varying database sizes and operational demands. While specific pricing plans for their services and solutions are proprietary, Automsoft focuses on delivering value through its flagship product, RAPID™, which is pivotal to its revenue generation strategy. The company’s financial framework reflects its commitment to innovation and customer satisfaction, enabling it to maintain a strong presence in the competitive landscape of data management solutions.Looking ahead, Automsoft is developing new products that will enhance the capabilities of its RAPID™ platform, with specific launches planned for the upcoming year. The company aims to expand its market presence into regions such as Latin America and the Middle East by the end of 2024, leveraging the recent funding of EUR 2.10 mn to support these initiatives. The investment from Pentech Ventures will be utilized to enhance product development and accelerate market entry into these targeted regions.

## Funding rounds

- Series C, May 1, 2004, $2.6M — Cross Atlantic Capital Partners, Bridges Fund Management, Pentech Ventures, Optimum Asset Management
- Series B, Apr 1, 2002, $5.2M — Cross Atlantic Capital Partners, Pentech Ventures, Ridge Ventures
- Series A, Jun 1, 1999, $2.6M — Cross Atlantic Capital Partners

## Investors

- Cross Atlantic Capital Partners (https://capitalatlas.ai/funds/cross-atlantic-capital-partners) — Series A, Series B, Series C
- Pentech Ventures (https://capitalatlas.ai/funds/pentech-ventures) — Series B, Series C
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series B
- Bridges Fund Management (https://capitalatlas.ai/funds/bridges-fund-management) — Series C
- Optimum Asset Management (https://capitalatlas.ai/funds/optimum-asset-management) — Series C