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Teradyne leads $20 million funding round for MachineMetrics

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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

Industrial IoT startup MachineMetrics raises $11.3 million in funding

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Industrial IoT startup MachineMetrics has raised $11.3 million in Series A funding. The company says the funding will enable it to “continue leading the endeavor to bring analytics to manufacturing”.

In a circular, the company says: “We intend to use every penny to give our customers a world-class experience through faster growth, focused innovation, quick product updates, custom features, improved service – and that’s just the start.”

Most importantly, adds the company, the funding has provided it with the opportunity to “preserve the secret sauce that has made MachineMetrics who we are today”.  [Read more…] about Industrial IoT startup MachineMetrics raises $11.3 million in funding

MachineMetrics partners with Tsugami/Rem to market industrial IoT platform

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MachineMetrics and Tsugami/Rem Sales have entered a partnership to bring predictive manufacturing analytics and remote machine monitoring to customers across North America.

The MachineMetrics Industrial IoT manufacturing analytics platform, paired with Tsugami/Rem Sales’ Swiss-type machines will benefit end-user customers through improved production visibility, predictive analytics, and service.

Bill Bither, CEO of MachineMetrics, says: “For years now we have been working directly with manufacturers to improve manufacturing equipment uptime, OEE, and productivity with real-time machine monitoring and analytics.  [Read more…] about MachineMetrics partners with Tsugami/Rem to market industrial IoT platform

MachineMetrics partners with Robert E. Morris on smart manufacturing

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MachineMetrics industrial internet platform is partnering with the Robert E. Morris company and Tsugami/Rem Sales to simulate a real-world manufacturing environment at 2018’s inaugural Smart Manufacturing Experience in Boston.

MachineMetrics says its industrial IoT platform is “generating some serious buzz”, and the three companies will showcase the solution together.

MachineMetrics CEO Bill Bither will join the Robert E. Morris company president, Lou Olson, for the event’s keynote presentation entitled, Dynamics of Change: Disruptive Technologies and CNC Machinery.  [Read more…] about MachineMetrics partners with Robert E. Morris on smart manufacturing

MachineMetrics wins IoT breakthrough award

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MachineMetrics, located in Boston, Massachusetts, is the winner of the 2018 “Smart Manufacturing Solution of the Year” award from IoT Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today.

“A great deal of hesitancy still exists for manufacturers to embrace the technology that addresses the new challenges presented by digital transformation,” said Bill Bither, CEO of MachineMetrics.

“With installing cloud-based monitoring systems being the first and perhaps most important step toward data-driven manufacturing, we designed MachineMetrics to help companies overcome these challenges and create a roadmap forward so they can take this initial and crucial step. We are proud to be developing the future of manufacturing alongside them.”

[Read more…] about MachineMetrics wins IoT breakthrough award