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MachineMetrics raises $11.3m to help assist manufacturers with analytics initiatives

December 20, 2018 / Ryan Daws

Industrial IoT analytics and machine monitoring platform MachineMetrics has raised $11.3 million in a recently held series A financing round that was led by Tola Capital.MachineMetrics’ system is designed in such a manner that its customers can install it by themselves without requiring costly and time-consuming customisation. Once the installation is done, manufacturers can collect, visualise and analyse data from any industrial machine. The system automatically detects technical issues, also predicts problems hours or minutes before in advance so that they can be rectified.