# Element Analytics

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.elementanalytics.com
- Total disclosed funding: $47M
- Latest round: Series B (Jun 25, 2020)
- Investors on record: 13

## About

Element Analytics, Inc. is a data management platform that specializes in enhancing industrial operations through data integration, analysis, and visualization, ultimately empowering clients to make informed decisions.Founded in 2015, Element Analytics, Inc. operates from San Francisco, US, providing a data management platform tailored for industrial operations. The company has completed 4 deals, with its most recent funding round being a Series B in June 2020, raising USD 18.00 mn. This round featured participation from investors such as Activate Capital, ABB Technology Ventures, and Forté Ventures. CEO Andy Bane has been instrumental in guiding the company through its growth phase.Element Analytics specializes in providing a comprehensive data management platform designed specifically for industrial operations. Their core product offerings focus on the integration, analysis, and visualization of operational data to enable informed decision-making. By harnessing advanced analytics and machine learning, Element Analytics addresses critical use cases such as optimizing asset performance, improving operational efficiency, and reducing downtime across various sectors, including manufacturing and energy. Their platform is tailored for clients in North America and Europe, where they serve a diverse range of customers, including large enterprises and mid-sized companies seeking to enhance their data-driven strategies. The company’s solutions empower end users to gain actionable insights from complex datasets, thereby facilitating enhanced operational outcomes and competitive advantages.Element Analytics generates revenue primarily through subscription-based models for their data management platform, facilitating ongoing access to their services for clients. This structure allows businesses to engage with the platform on a recurring basis, ensuring continuous updates and support. Transactions typically involve direct partnerships with industrial clients who integrate Element Analytics' tools into their existing workflows. The company may offer tiered pricing plans that align with the size and needs of the client, encompassing various features tailored to distinct operational requirements. Flagship products within their lineup underscore their commitment to delivering high-quality data solutions, fostering long-term relationships with clients and promoting customer retention through value-driven service offerings.In June 2020, Element Analytics, Inc. raised USD 18 mn in Series B funding, co-led by new investors Activate Capital and Forté Ventures, with participation from existing investors. The company plans to utilize this funding to develop new products and enhance existing solutions. Future growth strategies include expanding into new markets across Europe and North America by the end of 2023, capitalizing on their advanced analytics capabilities to improve industrial decision-making processes.

## Funding rounds

- Series B, Jun 25, 2020, $18M — Kleiner Perkins, Aster Capital, ABB Technology Ventures, Kerogen Capital, Forte Ventures, Evonik Venture Capital, Blue Bear Capital, Honeywell Ventures, Activate Capital, Ajax Strategies, High Tide Foundation
- Series A, Jan 8, 2018, $20M — Kleiner Perkins, Mitsui & Co. USA, Aster Capital, ABB Technology Ventures, GE Ventures, Blue Bear Capital, Honeywell Ventures
- Seed, Jan 12, 2017, $7M — Kleiner Perkins
- Seed, Jul 9, 2015, $2.5M — Kleiner Perkins

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A, Series B
- Mitsui & Co. USA — Series A
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series A, Series B
- ABB Technology Ventures (https://capitalatlas.ai/funds/abb-technology-ventures) — Series A, Series B
- GE Ventures — Series A
- Blue Bear Capital (https://capitalatlas.ai/funds/blue-bear-capital) — Series A, Series B
- Honeywell Ventures (https://capitalatlas.ai/funds/honeywell-ventures) — Series A, Series B
- Kerogen Capital (https://capitalatlas.ai/funds/kerogen-capital) — Series B
- Forte Ventures (https://capitalatlas.ai/funds/forte-ventures) — Series B
- Evonik Venture Capital (https://capitalatlas.ai/funds/evonik-venture-capital) — Series B
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series B
- Ajax Strategies (https://capitalatlas.ai/funds/ajax-strategies) — Series B
- High Tide Foundation — Series B