$18.5 million was raised in Series B investment by Raleigh, North Carolina-based Ndustrial, which offers an AI-powered energy intensity platform for industry.
Investors
- ABB and GS Energy
- ENGIE New Ventures
- Clean Energy Ventures.
Use of funds
The firm plans to utilize the money to boost development and innovation even further in order to assist industrial enterprises in optimizing energy intensity, which is the quantity of energy, emissions, and cost needed for a single unit of output.
Among the clients are US Cold Storage, Novonesis, and W.L. Gore, the company that makes GORE-TEX.
“Industrial executives can now finally grasp their data in real-time, comprehend the connections between energy use and production cycles, report Scope 3 emissions, and act promptly thanks to Industrial’s production-aware technology. We can grow our company with ABB and GS Energy to assist additional industrial enterprises in cutting costs and expediting the process of decarbonization.”
Jason Massey
About Ndustrial
Ndustrial, under the direction of its founder and CEO, Jason Massey, offers clients a real-time knowledge of energy intensity using an AI-powered platform that combines energy and production data from almost any industrial system. Real-time insights for individual facilities and manufacturing lines are made possible by the company’s dashboard, which has helped worldwide industrial sites make smarter decisions and directly prevent over $100 million in energy expenditure over the previous ten years. In order to improve production, enable next-generation carbon intensity measurement and verification, and enable active load control behind the meter, it combines more than 60 data sources.
