Arundo Analytics, a software company powering advanced analytics in heavy industry, announced an initial closing of $25 million on its Series A financing round. To date, the company has raised over $32.5 million since its founding in 2015.
While companies in sectors such as consumer Internet use the latest machine learning techniques to improve business outcomes, many heavy industrial companies are unable to capitalize on their data. This is due to a combination of legacy assets and challenging operating conditions. As a result, operational data often sits unused. Arundo Analytics solves this challenge with cloud-based, edge-enabled software purpose-built for deep industrial data science and advanced analytics, as well as machine learning applications in areas such as equipment monitoring and sensor anomaly detection.