# Oden Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oden-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.oden.io
- Total disclosed funding: $44M
- Latest round: Series B (Apr 10, 2024)
- Investors on record: 8

## About

Founded in 2014 by co-founders Willem Sundblad and Peter Brand and based in New York, US, Oden Technologies is a developer of a cloud-based industrial IoT (IIoT) analytics platform that helps manufacturers monitor and optimize factory production. Oden Technologies Inc. raised an amount of venture funding from investor CNI Advisory AB. Oden’s primary products include process artificial intelligence (AI), factory analytics, and the data engine. Process AI utilizes AI algorithms to analyze real-time and historical manufacturing data. It generates prescriptive recommendations for machine operators, considering production goals and line constraints. Factory Analytics: The platform provides pre-built visualizations and configurable analytics tools. This allows various teams within a manufacturing facility to gain insights into production processes, identify areas for improvement, and understand the root causes of inefficiencies. Data Engine: Oden's software ingests data from various sources in a manufacturing facility, cleans and organizes it, and makes it usable for analysis. This includes data points per production line per day. The Data Engine functions as an operational data warehouse, saving time and resources for IT and data analysis teams.

## Funding rounds

- Series B, Apr 10, 2024, $29M — EQT, Nordstjernan, Atomico, Recurring Capital Partners, Flat Capital, INX International Ink Co.
- Series A, Jul 2, 2018, $10M — EQT, Atomico, Inbox Capital
- Seed, May 8, 2017, $3.5M — EQT, Inbox Capital, LocalGlobe
- Seed, Aug 25, 2015, $2M — EQT, Inbox Capital, LocalGlobe

## Investors

- EQT (https://capitalatlas.ai/funds/eqt) — Seed, Series A, Series B
- Inbox Capital (https://capitalatlas.ai/funds/inbox-capital) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A, Series B
- Nordstjernan — Series B
- Recurring Capital Partners (https://capitalatlas.ai/funds/recurring-capital-partners) — Series B
- Flat Capital (https://capitalatlas.ai/funds/flat-capital) — Series B
- INX International Ink Co. — Series B