Acerta Analytics, a Kitchener, Canada-based provider of advanced analytics solutions that leverage machine learning and artificial intelligence (ML/AI) to turn complex product data into actionable insights, raised $8 million (CAD 10.4M) in Series B.
The round was led by BDC Capital’s Industrial Innovation and Thrive Venture Funds, with participation from existing investors OMERS Ventures and StandUp Ventures.
Acerta Analytics will use the funds to expand its customer base in North America and Europe while strengthening ties with leading OEMs and automotive suppliers. Acerta’s customers are involved in producing complex parts for all types of vehicles.
This funding will accelerate Acerta’s mission of providing actionable insights that improve product quality and operational efficiency in precision manufacturing globally.
Greta Cutulenco, CEO and co-founder of Acerta, said: ‘"Automotive manufacturers are facing increasing challenges as the industry moves towards electrification with more sophisticated sensors and electronics in every vehicle model. Acerta provides a platform that manufacturers can leverage to ensure they’re delivering high-quality products to market and maintaining brand reputation."
"This fundraise will help us add even more value to our core platform, LinePulse. We plan to expand our team to ensure we put our next-gen solution into the hands of more manufacturers." Greta Cutulenco said.
Acerta’s LinePulse platform uses machine learning and artificial intelligence to help companies leverage their data for actionable insights into vehicle part production.
Company: Acerta Analytics Solutions, Inc.
Round: Series B
Funding Month: November 2022
Lead Investors: BDC Capital’s Industrial Innovation and Thrive Venture Funds
Company Website: https://acerta.ai/
Software Category: Analytics Software Solutions
About the Company: Founded in 2017 by Greta Cutulenco, Sebastian Fischmeister, and Jean-Christophe Petkovich, Acerta Analytics is a software company that improves part quality in precision manufacturing through machine learning and artificial intelligence (ML/AI). Acerta develops analytics software solutions driven by ML/AI to translate complex product data into actionable insights. It assists precision manufacturers to take their digital transformation beyond manually crunching sensor data. Acerta helps automakers like Nissan and suppliers of complex vehicle parts such as Dana dramatically improve quality in their manufacturing processes and support early defect detection. Its ML/AI-powered software services enable companies to make the right decisions fast, optimize production, and improve product quality. Acerta is headquartered in Kitchener, Ontario, Canada, and has offices throughout the country, as well as in the United States, Europe, and Japan.