Guidewheel, a San Francisco, CA-based provider of an AI-powered platform that enables factories to reach sustainable peak performance, raised $31M in Series B funding.
The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek. Ecolab, Rethink Impact, and GSBackers also participated, alongside existing investors Greycroft and Breakthrough Energy Ventures (BEV), among others.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Lauren Dunford, Co-founder and CEO, Guidewheel provides the AI-powered FactoryOps platform, which makes cloud accessible to any factory. It clips onto any machine to turn its real-time “heartbeat” into a connected, active learning system that empowers teams to reduce lost production time, increase efficiency, and perform better over time.
Guidewheel serves customers including General Motors, Igloo, Kimberly Clark, JELD-WEN, DRiV/Tenneco, CEMIX, TricorBraun, Reliance Steel & Aluminum, Madison Industries, BorgWarner, U.S. Steel, Berry Global, Myers Industries, and Johnson & Johnson.
FinSMEs
13/08/2024