What is Element Analytics?
Element Analytics specializes in unlocking industrial data to enable modern analytics systems to discover insights that drive substantial improvements in operational performance. The company's core offering, Element AssetHub, addresses the challenge of siloed and underutilized asset data by developing dynamic digital representations of equipment known as Asset Twins. This technology provides a comprehensive 360-degree view of every asset, empowering any user or system to access critical information and transform operational efficiency, ultimately delivering hundreds of millions of dollars in value to its customers.
How much funding has Element Analytics raised?
Element Analytics has raised a total of $45.5M across 4 funding rounds:
Angel/Seed
$7M
Series A
$19.5M
Debt
$1M
Series B
$18M
Angel/Seed (2017): $7M with participation from Kleiner Perkins Caufield Byers
Series A (2018): $19.5M led by Kleiner Perkins Green Growth Fund, Mitsui & Co., Aster, GE Ventures, and Blue Bear Capital
Debt (2020): $1M supported by PPP
Series B (2020): $18M featuring Evonik Venture Capital, Activate Capital, High Tide Foundation, Kerogen Digital Solutions, and Forté Ventures
Key Investors in Element Analytics
Activate Capital
Activate Capital is a venture capital firm that likely focuses on investing in technology and innovation-driven companies, potentially within the industrial or enterprise software sectors, given its participation in Element Analytics' funding round.
Kleiner Perkins
Kleiner Perkins is a prominent venture capital firm based in Menlo Park, known for investing in early and growth-stage technology companies across various sectors, including enterprise and industrial technology.
Aster
Aster is a venture capital firm and business hub that accelerates startups, particularly in energy, smart industries, and mobility sectors, suggesting a strategic interest in industrial technology and operational efficiency solutions.
What's next for Element Analytics?
With the recent major strategic investment, Element Analytics is poised for accelerated growth and market expansion. The company's focus on creating Asset Twins and providing enterprise-level industrial data solutions positions it to capitalize on the increasing demand for digital transformation in heavy industries. Future developments are likely to involve enhancing its platform capabilities, forging new strategic partnerships, and further penetrating key industrial markets. The company's established funding history suggests a strategic approach to scaling its operations and solidifying its market leadership in industrial analytics.
See full Element Analytics company page
