# MachineMetrics

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

- Industry: Software
- Headquarters: Northampton, US
- Website: www.machinemetrics.com
- Total disclosed funding: $23M
- Latest round: Series B (Jun 16, 2021)
- Investors on record: 6

## About

MachineMetrics, Inc., based in the US, develops advanced manufacturing execution systems that enhance operational efficiencies for discrete manufacturers through real-time data integration and analysis.MachineMetrics, Inc. provides a smart platform catering to discrete manufacturers, enabling data-driven decision-making. Founded in 2014, the company is headquartered in Northampton, US. Co-founded by Bill Bither, Eric Fogg, and Jacob Lauzier, MachineMetrics has engaged in five funding deals, with the most recent being a Series B round on June 16, 2021, raising USD 11.3 mn led by Tola Capital, alongside investors such as Firebolt Ventures and Hyperplane Venture Capital.MachineMetrics offers a comprehensive Manufacturing Execution System (MES) tailored for discrete manufacturers. This platform integrates machine data with enterprise resource planning systems, facilitating real-time monitoring and predictive maintenance, which aids in optimizing production processes. Targeting aerospace, automotive, medical devices, and heavy machinery sectors, MachineMetrics delivers tools that enhance productivity and reduce operational downtime across North America, Europe, and parts of Asia.MachineMetrics generates revenue primarily through a subscription-based model for its MES platform and services. Clients utilize its software-as-a-service (SaaS) framework, which includes features such as automated scheduling and production analytics. The pricing structure allows flexibility for clients of varied scales, and the company's advanced AI-driven insights are integral to boosting efficiency and profitability within manufacturing operations.Following its Series B funding of USD 11.3 mn on June 16, 2021, led by Tola Capital, MachineMetrics aims to scale its sales, marketing, and customer operations while expanding its partner ecosystem. The company is focused on enhancing its product offerings and is exploring new geographic markets to grow its presence, although specific markets and products have not been disclosed. The recent funding will bolster these initiatives, ensuring that MachineMetrics continues to support manufacturers in achieving operational excellence.

## Funding rounds

- Series B, Jun 16, 2021, $11M — LRVHealth, MassVentures, Hub Angels Investment Group, Tola Capital, Firebolt Ventures, Hyperplane Venture Capital
- Series A, Dec 11, 2018, $11M — LRVHealth, MassVentures, Hub Angels Investment Group, Tola Capital, Firebolt Ventures, Hyperplane Venture Capital
- Series A, Jun 29, 2015 — LRVHealth

## Investors

- LRVHealth (https://capitalatlas.ai/funds/lrvhealth) — Series A, Series B
- MassVentures (https://capitalatlas.ai/funds/massventures) — Series A, Series B
- Hub Angels Investment Group (https://capitalatlas.ai/funds/hub-angels-investment-group) — Series A, Series B
- Tola Capital (https://capitalatlas.ai/funds/tola-capital) — Series A, Series B
- Firebolt Ventures (https://capitalatlas.ai/funds/firebolt-ventures) — Series A, Series B
- Hyperplane Venture Capital (https://capitalatlas.ai/funds/hyperplane-venture-capital) — Series A, Series B