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- Revolutionizing Manufacturing: Guidewheel’s AI-powered FactoryOps connects every machine on the factory floor, driving efficiency and sustainability.
- Strategic Investment: The $31M Series B, led by Decarbonization Partners, will fuel product development, AI innovation, and customer success.
- Sustainability Focus: Guidewheel’s technology enables factories to reduce energy consumption and emissions while increasing production efficiency.
Guidewheel has raised an oversubscribed $31 million Series B funding round, spearheaded by Decarbonization Partners, a collaboration between BlackRock and Temasek. This round also saw participation from notable investors including Ecolab, Rethink Impact, and GSBackers, along with existing backers such as Greycroft and Breakthrough Energy Ventures (BEV).
“A new industrial revolution is taking place that will reshape not only manufacturing processes but entire business models—and the importance of manufacturing has never been clearer,” stated Lauren Dunford, Co-founder and CEO of Guidewheel. She emphasized that Guidewheel’s platform connects machines of all ages, makes, and models swiftly and affordably, addressing a significant gap in the market.
Guidewheel’s innovative approach utilizes non-invasive sensors to monitor the power usage of any machine, creating a connected, AI-powered FactoryOps platform. This platform is designed to reduce lost production time, enhance efficiency, and support sustainability goals, offering an average of 41% more production from existing assets. Guidewheel’s recent strides include releasing Scout, an AI-driven predictive maintenance solution that identifies issues before they lead to costly downtimes.
Dr. Meghan Sharp, Global Head and Chief Investment Officer of Decarbonization Partners, remarked, “By using Guidewheel to help manage their factory operations, customers can not only improve efficiency and reduce costs but also reduce energy consumption and emissions.” This dual focus on operational excellence and sustainability has made Guidewheel a critical player in global industrial decarbonization efforts.
Jim Campbell, CEO of Guidewheel customer Automated Solutions, highlighted the platform’s ease of use, saying, “Guidewheel requires no programming and no advanced computer knowledge, but its reports and data are sophisticated and useful.” This user-friendly approach is driving significant adoption among leading manufacturers, including General Motors, Kimberly Clark, and Johnson & Johnson.
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Carmichael Roberts of Breakthrough Energy Ventures added, “Reaching net zero starts with how we build things. Guidewheel is empowering factories globally to reach sustainable peak performance.”
Guidewheel’s momentum in revolutionizing factory operations and supporting sustainability is poised to accelerate with this new funding, positioning them as a leader in the future of manufacturing.