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Enterprise Applications Series B Founded 2014

MachineMetrics

MachineMetrics is a manufacturing technology company that provides an intelligent manufacturing execution system (MES) and AI-powered machine monitoring platform for discrete manufacturers. The platform connects to any make and model of equipment to collect real-time data on machine health and production performance, integrating with ERP systems to track work orders, automate scheduling, and provide full visibility…

📍 Northampton, United Kingdom · Manufacturing Tech,

Funding snapshot

Last roundSeries B
Amount$20M
Date16 June 2021
Total raised$38M
Team size48

About

MachineMetrics is a manufacturing technology company that provides an intelligent manufacturing execution system (MES) and AI-powered machine monitoring platform for discrete manufacturers. The platform connects to any make and model of equipment to collect real-time data on machine health and production performance, integrating with ERP systems to track work orders, automate scheduling, and provide full visibility into production operations. MachineMetrics offers automated scheduling, work order tracking, downtime tracking, OEE and production analytics, and condition monitoring with predictive maintenance capabilities. The platform drives measurable results including increased productivity, doubled capacity, and significant utilization improvements, with out-of-the-box reports, dashboards, and workflows that deploy fast and scale with ease. Founded in 2014 and headquartered in Northampton, United Kingdom, MachineMetrics has raised $37.7 million in Series B funding from investors including MassVentures, LRVHealth, Hyperplane, Teradyne, Tola Capital, and Level Equity.

Business model

Big Data Analytics > Industry Solutions > Heavy Industries > Manufacturing,

Manufacturing Tech > Process Control > Analytics > Equipment Monitoring & Analysis > IoT-Based

Institutional investors

MassVentures LRVHealth Hyperplane Teradyne Tola Capital Ridgeline Hub Angels Firebolt Ventures Bolt Level Equity

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