Guidewheel Raises $31 Million in Series B
Guidewheel, a San Francisco, CA-based AI-powered FactoryOps company, has raised an oversubscribed $31 million Series B funding round.
The round was led by Decarbonization Partners, a joint venture between BlackRock and Temasek, with participation from Ecolab, Rethink Impact, GSBackers, and existing investors Greycroft and Breakthrough Energy Ventures (BEV).
Decarbonization Partners focuses on late-stage venture capital and early growth investments in companies developing technologies to achieve a net-zero global economy by 2050. Leveraging their combined expertise, they invest in proven technologies needing capital to scale. The partnership has secured $1.40 billion from over 30 institutional investors worldwide.
The company will use the funding to accelerate product development, expand its AI team, and enhance customer support.
Guidewheel is a global software company on a mission to empower factories worldwide to achieve sustainable peak performance. Its AI-powered FactoryOps platform makes cloud technology accessible to any factory. By clipping onto any machine, Guidewheel turns its real-time “heartbeat” into a connected, active learning system that helps teams reduce lost production time, increase efficiency, and continually improve performance. Their technology uses non-invasive sensors to monitor and analyze machine performance on the factory floor.
Funding Details
Company: Guidewheel
Raised: $31.0M
Round: Series B
Funding Date: August 2024
Lead Investors: Decarbonization Partners
Additional Investors: Ecolab, Rethink Impact, GSBackers, Greycroft, Breakthrough Energy Ventures
Company Website: https://guidewheel.com/
Software Category: AI Factory Operations