MachineMetrics, an industrial data startup that helps improve manufacturing performance through autonomous machining, has raised $20 million in Series B financing.
The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations.
Bill Bither, co-founder and CEO of MachineMetrics, says: “Manufacturing is on the brink of a digital renaissance. The intersection of software, big data and physical machinery is the next frontier for manufacturing and a proven solution for overcoming the production and labor shortages we are experiencing right now. [Read more…] about Teradyne leads $20 million funding round for MachineMetrics