# JITbase

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

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.jitbase.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Sep 21, 2021)
- Investors on record: 3

## About

JITbase develops innovative Production Planning and Workforce Management solutions, leveraging machine data to assist manufacturers in overcoming labor shortages and enhancing operational efficiency.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 raised USD 650,000 in Seed funding on September 21, 2021, co-led by Bluesky Equities, Boréal Ventures, and LEESTA Industries Ltd., marking their first significant investment round, which has brought their total raised to USD 650,000.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 markets its solutions globally to regions with significant manufacturing activity, including North America and Europe.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 flagship product encompasses a comprehensive suite of machine monitoring and workforce management functionalities, equipping users with necessary tools to address contemporary manufacturing challenges.Following its most recent Seed funding round in September 2021, JITbase plans to utilize the USD 650,000 raised to expand its in-house team and increase implementation capacity with new customers. 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.

## Funding rounds

- Seed, Sep 21, 2021, $0.7M — Bluesky Equities, Boreal Ventures, LEESTA Industries Ltd.

## Investors

- Bluesky Equities (https://capitalatlas.ai/funds/bluesky-equities) — Seed
- Boreal Ventures (https://capitalatlas.ai/funds/boreal-ventures) — Seed
- LEESTA Industries Ltd. — Seed