# WellAware

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

- Industry: Software
- Headquarters: San Antonio, US
- Website: www.wellaware.us
- Total disclosed funding: $37M
- Latest round: Series B (Jun 25, 2014)
- Investors on record: 1

## About

WellAware is a technology company specializing in advanced automation solutions for industrial asset management, leveraging real-time data and predictive analytics to enhance operational efficiency.WellAware, headquartered in San Antonio, US, provides automation solutions designed to optimize industrial operations. The company was founded by Cameron Powell, Gene Powell, Matt Harrison, Miles Spencer, and Trey M. Its latest funding round was a Series B investment in September 2015, where they raised USD 16.00 mn, co-led by Genscape, Inc. and Mitsui & Co. The company has completed a total of 5 deals, with the latest funding bringing their total amount raised to USD 16.00 mn.WellAware offers an advanced automation platform that enhances the management and optimization of industrial assets. This platform connects, informs, automates, optimizes, and audits operations through real-time data and predictive analytics, crucial for maximizing efficiency. It features sophisticated data integration options such as API, SCADA, and MQTT, facilitating seamless communication and remote monitoring. WellAware’s solutions are targeted at mission-critical markets including production chemicals and frac tank monitoring, with a customer base primarily in North America, particularly Texas and other industrial regions.WellAware operates under a revenue model based on subscription and partnership frameworks, allowing clients flexible access to their automation solutions. These offerings include trademarked products with advanced analytics and reliable communications, tailored to meet specific client needs. Service contracts define the terms of use and scope of data services, ensuring clients receive real-time insights and ongoing technical support. The company’s strategy focuses on delivering high-quality data streams that improve operational efficiency for its users.WellAware plans to utilize the recent funding of USD 16.00 mn from their Series B round to further enhance their product offerings and expand into new markets. The company is designing upcoming products aimed at improving data integration capabilities and predictive analytics. Expansion efforts will target additional regions within North America, aiming for broader market penetration by 2025. Additionally, the funding will support the development of innovative features that align with the evolving needs of their industrial clients.

## Funding rounds

- Series B, Jun 25, 2014, $12M — Activant Capital
- Series B, Apr 29, 2014, $25M — Activant Capital

## Investors

- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series B