# Raven Telemetry

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raven-telemetry

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.raven.ai
- Total disclosed funding: $12M
- Latest round: Series A (Jan 26, 2023)
- Investors on record: 4

## About

Raven Telemetry, based in Canada, specializes in manufacturing efficiency software that focuses on Overall Equipment Effectiveness (OEE) and downtime tracking solutions for various industries.Founded in 2013 and headquartered in Ottawa, Canada, Raven Telemetry Inc. develops advanced software solutions for the manufacturing sector. The company has raised a total of USD 12.00 mn, with its most recent funding round being a Series A completed on January 26, 2023. This round was co-led by Chartline Capital Partners and Momenta Ventures, alongside other investors such as Celtic House Venture Partners and Export Development Canada. The CEO, Martin Cloake, has a history of fostering innovation within the technology landscape.Raven Telemetry specializes in manufacturing efficiency software, focusing on OEE (Overall Equipment Effectiveness) and downtime tracking solutions. Their offerings include Operator and Supervisor Smart Assistants that employ intuitive Human-Machine Interfaces (HMIs) to enhance production processes. The Raven reporting platform merges machine data with frontline insights, creating a detailed timeline of production events. Primarily serving the discrete manufacturing, food and beverage, and life sciences industries, Raven operates across North America and Europe, helping clients improve overall productivity and reduce downtime.Raven Telemetry generates revenue through a subscription-based model for its software solutions, targeting B2B clients in the manufacturing sector. Clients typically engage by subscribing to a suite of products, including annual licenses for the Smart Assistants and access to the reporting platform. Their revenue model is supported by partnerships with manufacturing firms that seek to enhance operational efficiencies, with pricing plans designed for businesses of varying scales. Key services provided include automated downtime labeling and real-time shop floor visibility, ensuring ongoing support and upgrades within their subscription framework.Following the successful Series A funding round in January 2023, which raised USD 12.00 mn, Raven Telemetry plans to utilize these funds to expand its business operations. The company aims to develop and launch new products tailored for the evolving needs of the manufacturing sector while exploring new geographic markets for growth. Specific regions targeted for expansion have not been disclosed, but the funding will facilitate these initiatives as Raven continues to solidify its position within the industry.

## Funding rounds

- Series A, Jan 26, 2023, $12M — Celtic House Venture Partners, Export Development Canada, Chartline Capital Partners, Momenta Ventures

## Investors

- Celtic House Venture Partners (https://capitalatlas.ai/funds/celtic-house-venture-partners) — Series A
- Export Development Canada — Series A
- Chartline Capital Partners (https://capitalatlas.ai/funds/chartline-capital-partners) — Series A
- Momenta Ventures (https://capitalatlas.ai/funds/momenta-ventures) — Series A