Manufacturing Analytics Pioneer Sight Machine Announces $5 Million Funding Led by Mercury Fund
February 09, 2015
Sight Machine Inc., the leader in Big Data for the factory floor, today announced it has raised $5 million in venture capital from a group of investors led by Mercury Fund. The financing round includes participation from new institutional investors Mercury Fund, Michigan eLab, Huron River Ventures, Orfin Ventures, and Funders Club. Existing investors IA Ventures and O’Reilly AlphaTech Ventures also re-invested in this round.
Sight Machine’s Manufacturing Analytics platform uses Big Data and cloud technologies to transform sensor and machine data into actionable insights, enabling manufacturers to tackle critical challenges in quality and operations. Sight Machine captures, processes and analyzes the torrent of data, both structured and unstructured, generated by today’s manufacturers – a volume and variety that is beyond the capabilities of legacy manufacturing software solutions such as “factory information systems” or “enterprise manufacturing intelligence” (EMI) software.
“Sight Machine is bringing innovation in Big Data to global manufacturing, the real world where things get made,” said Sight Machine CEO and co-founder Jon Sobel. “We’re fortunate to be working with investors who are experts in Big Data, Industrial Internet, and traditional industry.”
“Sight Machine is the most exciting industrial technology company we have come across,” said Adrian Fortino, partner at Mercury Fund. “With its cloud-based platform and operations in both Michigan and California, they are well-positioned to lead both the technology development and the market development for Manufacturing Analytics.”
Sight Machine is targeting global manufacturers with complex operations and supply chains – companies that are embracing the Industrial Internet of Things (IoT) to address the challenges of advanced manufacturing. Customers include a major automotive OEM and one of the world’s largest apparel manufacturers.
Sight Machine will use the proceeds of the venture round to fund ongoing technical and market development efforts. In addition to offices in San Francisco and southeastern Michigan, Sight Machine has an office in Asia. Additional hiring is planned for all offices.
Sight Machine was founded in 2011 by Nathan Oostendorp, Anthony Oliver, Kurt DeMaagd, Jon Sobel, and Adam Taisch.
About Sight Machine
Sight Machine is the developer of the world’s leading Manufacturing Analytics platform. Sight Machine’s Manufacturing Analytics solution transforms machine and sensor data into actionable insights, enabling manufacturers to address critical challenges in quality and operations. Sight Machine provides manufacturers with real-time reporting of quality problems; retrospective analysis of product variation and failures; predictive analytics to support process improvement; and defensive recordkeeping and proof of quality for customers.