# Pico MES

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pico-mes

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.picomes.com
- Total disclosed funding: $21M
- Latest round: Series A (Jun 12, 2023)
- Investors on record: 7

## About

Pico MES Inc. is a U.S. based company specializing in manufacturing execution software, aimed at enhancing operational efficiency and minimizing human errors in discrete manufacturing environments.Pico MES Inc. was founded in 2017 and is headquartered in Redwood City, US. The company focuses on developing digital solutions for manufacturers, facilitating the transition from manual to digital workflows. The founders, Ryan Kuhlenbeck and Zac Nelson, have backgrounds in software development and entrepreneurship. The company has completed a total of 4 deals, with its most recent funding round being a Series A amounting to USD 11.39 mn, led by Robert Bosch Venture Capital on June 12, 2023. The total amount raised by the company so far is also USD 11.39 mn, which gives it a current valuation of USD 41.217 mn.Pico MES specializes in manufacturing execution software designed to enhance operational efficiency and eliminate human errors in discrete manufacturing environments. The company's flagship product, PICO, integrates seamlessly with various tools and devices on the shop floor, including barcode scanners and PLCs, to create digital work instructions that provide step-by-step guidance for operators. These instructions are enhanced with visual aids and built-in error-proofing features, promoting consistency and quality in production regardless of workforce changes. PICO primarily serves small to mid-sized manufacturers across diverse sectors, including industrial equipment and electronics assembly, focusing on both North American and European markets. The solutions are tailored to meet the needs of organizations transitioning from manual processes to digital systems, supporting a wide range of manufacturing operations globally.Pico MES operates on a subscription-based revenue model, delivering its software solutions through annual or monthly subscriptions directly to clients. Businesses purchase access to the PICO software, enabling them to digitize workflows and improve process efficiencies across their operations. The company also offers integrations with existing enterprise systems, ensuring that clients can maximize their investment by leveraging current technology. Pricing for the software and associated services is structured to accommodate small startups as well as larger enterprises, reflecting the diverse needs of its client base. The business aims to provide a cost-effective solution that can be rapidly deployed, allowing clients to achieve quick gains in productivity and quality.In June 2023, Pico MES Inc. raised USD 11.39 mn in Series A funding led by Robert Bosch Venture Capital, with participation from other investors. The funding will be utilized to further develop its platform and expand its market presence. The company plans to introduce new product features aimed at enhancing user experience and operational capabilities. Additionally, it is targeting expansion into new geographic markets, specifically within Europe and North America, to broaden its client base, with initiatives expected to roll out by the end of 2024.

## Funding rounds

- Series A, Jun 12, 2023, $11M — Robert Bosch Venture Capital, Lemnos Labs, Congruent Ventures, Counterpart Ventures, Momenta Ventures, Union Labs, SE Ventures
- Seed, May 10, 2022, $6.8M — Lemnos Labs, Congruent Ventures, Union Labs, SE Ventures
- Seed, Aug 28, 2020, $2.5M — Lemnos Labs, SE Ventures

## Investors

- Lemnos Labs (https://capitalatlas.ai/funds/lemnos-labs) — Seed, Series A
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Seed, Series A
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Seed, Series A
- Union Labs (https://capitalatlas.ai/funds/union-labs) — Seed, Series A
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series A
- Counterpart Ventures (https://capitalatlas.ai/funds/counterpart-ventures) — Series A
- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Series A