for Production Intelligence Platform
Datanomix announced it has raised $12M in new growth capital. The round was led by MK Capital and Joint Effects, with investment participation from Hub Angels, multiple Datanomix customers, and previous investors Gutbrain Ventures, PBJ Capital, and CEAS Investments. Mark Koulogeorge of MK Capital will be joining the company’s Board of Directors.
Production monitoring as a category has been largely focused on asset utilization and downtime reason code collection. Datanomix pioneered a new methodology, the aforementioned No Operator Input approach, which takes downtime reason codes, the overburdening of operators, and complex data integration requirements completely off the table.
Datanomix counts customers large and small in its success stories. From a handful of machines to hundreds in the same or multiple facilities, Datanomix serves operations ranging from household OEM’s to major tier 2 suppliers to job shops. Datanomix has had particular success displacing legacy vendors, as showcased on its dedicated site where customers share their tales of making the switch to Datanomix after giving up on other monitoring solutions.
Datanomix has similarly caught the attention and trust of several major partners such as Hexagon, Vallen, Caron Engineering, ProShop ERP, and Flexxbotics. These partnerships span from deep technical integrations to resale, and broaden the reach and ability to serve customers and geographies who need access to critical production insights to drive their company forward.
The growth capital will fuel deeper product development and data source integrations in key production areas such as tooling and quality, and further investment in the industry-leading customer success and training programs Datanomix has built.
About Datanomix
Founded in 2017, the Datanomix mission is to deliver Production Intelligence for the Next Generation by providing high quality, high impact, low burden operational insights to industrial manufacturers. Its flagship offerings include its No Operator Input Production Monitoring platform and Digital GEMBA Boards.
Learn more at www.datanomix.io.
