# Ecoplant Technological Innovation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecoplant-technological-innovation

- Industry: Power & Utilities
- Headquarters: Ashqelon, Israel
- Website: www.ecoplant.co
- Total disclosed funding: $9.7M
- Latest round: Series A (Aug 2, 2020)
- Investors on record: 3

## About

Ecoplant Technological Innovation Ltd. is an Israel-based company specializing in intelligent air compressor control systems, using advanced IoT technology to enhance efficiency and reduce energy costs significantly.Founded in 2016 in Ashqelon, Israel, Ecoplant Technological Innovation Ltd. focuses on providing innovative air compressor solutions. The company was co-founded by Aviran Yaacov, who has a background in technology ventures. In June 2023, Ecoplant was acquired by Ingersoll Rand Inc. for USD 50.00 mn, marking a strategic investment to expand operations in Israel. The company has successfully closed a total of 4 deals and has expanded its market presence across various regions, including North America, Europe, and Asia.Ecoplant offers an intelligent air compressor control and monitoring platform that enhances operational reliability and optimizes energy use, potentially achieving savings of up to 50%. Utilizing IoT technology and predictive analytics, the platform integrates seamlessly with existing systems of various brands, allowing for installation within a week without fees. Targeting manufacturing and production facilities, the solution addresses critical efficiency challenges, such as leakage and maintenance costs, and supports improved operational efficiency across clients' facilities.Ecoplant's revenue model includes subscription-based services alongside capital investments for initial setups, followed by ongoing subscription fees for real-time monitoring and analytics. The flagship product, Ecoplant™, is designed to ensure continuous performance improvements without additional setup fees. The company engages primarily in B2B transactions, collaborating closely with industrial clients to maximize the efficiency of their air compressor systems.Following its acquisition in June 2023, Ecoplant aims to leverage the investment from Ingersoll Rand Inc. to enhance its product offerings and expand its market reach. Plans include the development of new features for the existing platform and potential new products tailored for diverse industrial applications. The company also intends to enter new geographic markets, further establishing its presence in North America, Europe, and Asia, while hiring 100 new employees in Israel by 2024 as part of its growth strategy.

## Funding rounds

- Series A, Aug 2, 2020, $8M — Ecolab, Techstars
- Series A, Aug 6, 2018, $1.7M — BGV

## Investors

- BGV (https://capitalatlas.ai/funds/bgv) — Series A
- Ecolab — Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A