JITbase
Latest round
- Seed
Last raised
- Sep 2021
Total raised
- $0.7M
Investors
- 3
About JITbase
Founded in 2016 in Montreal, Canada, JITbase specializes in providing software solutions that monitor CNC machines and workforce productivity. The company was co-founded by Francois Laforge, Frédéric Scherer, and Justin Stahlman, with Frédéric Scherer currently serving as the CEO.JITbase specializes in Production Planning and Workforce Management solutions powered by machine data, primarily targeting manufacturers grappling with labor shortages and efficiency challenges. Their core offering includes a CNC machine monitoring software that collects and analyzes data from both machinery and the workforce, enhancing production planning and operational efficiency. The system automates learning of CNC programs to deliver accurate cycle times for both machining and manual operations, alongside tracking machine uptime. JITbase serves a diverse array of manufacturers across various industries, providing real-time insights and just-in-time (JIT) data to operators and supervisors, allowing companies to streamline operations, reduce lead times, and improve profit margins.JITbase generates revenue primarily through subscription-based models for their CNC machine monitoring software, designed for manufacturers seeking operational optimization. Clients can access a free tier of the software for up to five CNC machines, after which they may transition to paid subscription plans for additional features. The pricing structure accommodates both small manufacturers and larger enterprises through tailored plans. Revenue transactions typically occur on a B2B basis, with clients subscribing directly to JITbase's services to integrate machine monitoring capabilities into existing workflows. The company aims to further develop its software capabilities and accelerate expansion into international markets. Specific targeted markets include North America and Europe, with plans to enhance their presence in these regions by leveraging the new funds to support these initiatives.
Who invested in JITbase
3 investors across 1 round
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Funding rounds
Seed
Sep 21, 2021
Amount
$0.7M
Investors
Questions about JITbase
Who invested in JITbase?
JITbase has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has JITbase raised?
JITbase has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did JITbase last raise money?
JITbase's most recent round on record is a Seed, in Sep 2021.
What does JITbase do?
Founded in 2016 in Montreal, Canada, JITbase specializes in providing software solutions that monitor CNC machines and workforce productivity.
Where is JITbase headquartered?
JITbase is headquartered in Montreal, Canada.
Which VCs invest in companies like JITbase?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at JITbase's stage. Their profiles are linked below.
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