# Stone Three Venture Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stone-three-venture-technology

- Industry: Software
- Headquarters: South Africa
- Website: www.stonethree.com
- Latest round: Series A (Oct 5, 2021)
- Investors on record: 1

## About

Stone Three Venture Technology specializes in industrial IoT solutions, enhancing operational productivity and workplace safety through advanced digital technologies and AI-powered smart sensors.Founded in 2000 and headquartered in South Africa, Stone Three Venture Technology focuses on providing innovative industrial IoT solutions. The company has engaged in one significant deal, with its most recent investment round occurring on October 5, 2021, led by Knife Capital. Derick Moolman, the CEO, brings experience in technology ventures, although details about other companies he founded are not specified.Stone Three specializes in industrial IoT solutions that enhance operational productivity and workplace safety through advanced digital technologies. Their core offerings include AI-powered smart sensors and comprehensive process monitoring and diagnostics solutions targeted at industries such as mining, manufacturing, and logistics. Key products like the Truck Particle Size Measurement Solution and the Milling Diagnostics and Analytics Solution aim to optimize equipment performance and improve operational efficiencies, while ensuring real-time monitoring for workplace safety. Stone Three serves a global clientele, particularly within North America, Europe, and Australia, partnering with leading enterprises for effective technology implementation.Stone Three operates a B2B revenue model, primarily delivering tailored digital solutions to heavy industries, especially mining. The firm engages clients through direct partnerships and service agreements that encompass installation, maintenance, and ongoing support for their technology. The pricing structure includes subscription-based services for software analytics, one-time fees for hardware installations, and consulting services for process optimization, with flagship products driving significant revenue through long-term contracts that focus on enhancing operational improvements for clients.Following the venture funding raised on October 5, 2021, led by Knife Capital, Stone Three plans to use the funding to enhance its enterprise product offerings and accelerate growth by implementing innovative workplace solutions. The company is expected to develop and launch new products to strengthen its market position. There are also intentions to expand into additional geographic markets, although specific regions and timelines for this expansion are not disclosed.

## Funding rounds

- Series A, Oct 5, 2021 — Knife Capital

## Investors

- Knife Capital (https://capitalatlas.ai/funds/knife-capital) — Series A