SAN FRANCISCO-(BUSINESS WIRE)-Element Analytics, a leading developer of analytics data management and integration software for industrial companies, today announced Series A funding of $19.5M from leading industrial companies and venture firms specializing in industrial applications.
These investors represent some of the biggest names in the venture capital and the industrial sectors and their funding, combined with previous seed equity investments, bring total equity funding in Element Analytics to $22M. Element Analytics is a pioneer in software that processes, manages and integrates large volumes of data from a wide variety of sources including sensors and engineering and operational systems.
“Our platform is designed to take unorganized and inconsistent ‘dark’ data from industrial operations and make it easy to trust, manage, and analyze. Today’s announcement shows the depths of this challenge and the promise of our solution. It’s impressive to see the range of industry leaders investing in Element Analytics and working to bring this vision to life.”
In seeking investors, Element Analytics focused on leaders in the industrial sector and on venture capital firms specializing in investments that help industrial companies achieve digital transformation.
“Element’s Analytics is a game changer because its data management technology transforms operations data to solve real world problems” said David Mount, who founded Element Analytics with Element’s VP of Product Sameer Kalwani.
Element Analytics plans to use the funding to invest in software development, market development and operations.
Based in San Francisco, CA, Element Analytics is an industrial analytics software company that makes data work for people, proactively surfacing insight where it’s needed most.