Datch, a NYC-based company which specializes in AI technology for frontline manufacturing, energy and utility sectors, raised $15M in Series A funding.
The round was led by Third Prime, with participation from Blackhorn Ventures, Blue Bear Capital and Susquehanna Investment Group.
The company intends to use the funds to invest in market expansion within the enterprise while increasing capabilities within the Asset Insights toolkit.
Led by CEO Mark Fosdike, Datch provides a frontline intelligence platform for industrial operations. Using AI built for the asset management environment, it digitizes, structures, and streamlines work management processes while enabling deskless teams to capture more data. By leveraging LLM and graph technology, the company enables organizations to turn the unstructured, disparate information living within their ecosystem into insights that drive operational outcomes.
With offices in the US and New Zealand, Datch has introduced its technology into a growing list of Fortune 500 companies and other enterprises in the utilities, energy, manufacturing, mining, and aviation sectors.
The fundraise coincided with the launch of Datch’s latest product offering, Asset Insights.
FinSMEs
07/08/2024