Guidewheel, a San Francisco, CA-based FactoryOps platform that empowers any factory to reach sustainable peak performance, announced that it closed $9 million in Series A-1 funding led by Breakthrough Energy Ventures, with participation from other existing and new investors.
This fresh capital builds on the recent Series A led by Greycroft and allows Guidewheel to reach more manufacturers on its mission of empowering all of the world’s 10 million factories to reach sustainable peak performance.
“Manufacturers are the backbone of our economy, and in manufacturing, financial impact drives decisions,” said Lauren Dunford, CEO, and Co-Founder of Guidewheel. “When the fastest and highest value-to-cost solution also includes the tools to drive real, quantifiable impact on sustainability, that’s a powerful combination. Working closely with manufacturing leaders and teams at every level, we are thrilled not only to see the results teams are achieving with Guidewheel today but also all the new features we are launching to drive even more impact. We’re honored to work with Breakthrough Energy Ventures and Greycroft, two of the world’s top investors, to further accelerate and drive value for both manufacturers and our planet.”
Guidewheel provides a fast, accessible, and elegant solution to bring those assets into the cloud and drive bottom-line impact.
Guidewheel clips onto the electrical draw of any machine to turn its real-time “heartbeat” into a connected, active learning software system that empowers teams to reduce lost production time, increase efficiency, and perform better and better over time.
Round: Series A1
Funding Month: December 2022
Lead Investors: Breakthrough Energy Ventures
Company Website: https://guidewheel.com/
Software Category: FactoryOps platform
About the Company: Founded out of Stanford University, Guidewheel is the leading FactoryOps platform. Guidewheel is on a mission to empower all the world’s factories to reach sustainable peak performance. Its plug-and-play FactoryOps platform makes the power of the cloud accessible to any factory, inspired by the simple, universal truth that every machine on the factory floor has a power cord. Guidewheel works with 100+ manufacturers across seven countries and was recognized by the World Economic Forum as one of the 100 most promising companies globally poised to make a significant impact on business and society. Founded in 2018 and is based in San Francisco, California.