# Instrumental

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.instrumental.com
- Total disclosed funding: $78M
- Latest round: Series C (Feb 16, 2022)
- Investors on record: 6

## About

Instrumental, Inc. is an AI-driven platform that optimizes manufacturing processes by streamlining data for improved product development and quality control across various industries.Founded in 2015, Instrumental, Inc. is headquartered in Palo Alto, US. The company specializes in an AI-driven manufacturing data platform that aggregates production data for enhanced quality assurance. Anna-Katrina Shedletsky, along with co-founders Courtney Collantine, Louis Barker, and Samuel Weiss, leads the company. Instrumental has successfully completed 6 funding deals, with the most recent being a Series C round on February 16, 2022, raising USD 50.00 mn from BAM Elevate, Canaan Partners, Eclipse Ventures, and Root Ventures. The total amount raised to date is USD 50.00 mn, with a current valuation of USD 270.57 mn.Instrumental offers an AI-driven manufacturing data platform designed to optimize the product lifecycle from development to mass production. Their core product aggregates siloed manufacturing data into a connected and traceable record, allowing end-users to identify and mitigate design failures through anomaly detection using minimal units. The platform serves various sectors, including consumer electronics, aerospace and defense, and industrial electronics, by enhancing quality control and operational efficiency. End users range from engineering teams to production managers at high-profile clients such as Meta and Axon, enabling them to ramp up new product introductions and improve manufacturing yield. The company’s products are marketed primarily in North America, Europe, and Asia, addressing the needs of industries seeking enhanced quality assurance and reduced production costs.Revenue generation for Instrumental is structured through a subscription-based model, where clients engage with the platform on a recurring basis for access to its advanced data analytics and AI capabilities. Partnerships with major corporations facilitate seamless integration of Instrumental's solutions into existing manufacturing processes. Specific transaction structures involve direct B2B relationships, providing tailored solutions to large-scale manufacturers in critical industries like telecommunications and electronics. Instrumental's flagship services encompass real-time defect detection and accelerated failure analysis, which are critical for maintaining high-quality standards in manufacturing. While detailed pricing plans are not disclosed, the structure is designed to accommodate varying client needs based on the scale of operations and complexity of integration required.In February 2022, Instrumental, Inc. raised USD 50 million in Series C funding led by new investor BAM Elevate. The company plans to utilize these funds to expand research and development for new products and make strategic hires in engineering and go-to-market teams. Future initiatives involve the design and launch of innovative tools aimed at enhancing operational efficiency. The company is also targeting expansion into new geographic regions, specifically focusing on increasing its footprint in Europe and Asia by the end of 2023.

## Funding rounds

- Series C, Feb 16, 2022, $50M — Canaan Partners, Root Ventures, Eclipse Ventures, BAM Elevate
- Series B, Jul 29, 2020, $20M — Canaan Partners, First Round Capital, Root Ventures, Eclipse Ventures, Stanford-StartX Fund
- Series A, Apr 17, 2017, $7.5M — First Round Capital, Root Ventures, Eclipse Ventures

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A, Series B
- Root Ventures (https://capitalatlas.ai/funds/root-ventures) — Series A, Series B, Series C
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A, Series B, Series C
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series B, Series C
- Stanford-StartX Fund — Series B
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series C