What is InUse?
InUse operates within the software publishing industry, specifically targeting the manufacturing sector. The company has developed a sophisticated loT SaaS platform designed to empower manufacturers to achieve dual objectives: reducing their environmental impact while simultaneously optimizing operational performance. This dual focus positions InUse as a key player in the drive towards sustainable and efficient industrial practices.
How much funding has InUse raised?
InUse has raised a total of $2.8M across 1 funding round:
Series A
$2.8M
Series A (2021): $2.8M with participation from Argo Graphics and TECHNIA
Key Investors in InUse
Argo Graphics
Argo Graphics is a technical solutions provider focused on PLM solutions and HPC/Server solutions, aiming for co-evolution with customers, employees, and society. They specialize in creating added value through integrated products and services.
TECHNIA
TECHNIA is a Stockholm-based product lifecycle management (PLM) company founded in 1994, dedicated to applying technology and innovation in practical industrial settings.
What's next for InUse?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for InUse. This capital infusion is expected to fuel further development of its loT SaaS platform, enhance market penetration, and potentially expand its service offerings. The company is likely to leverage this financial backing to scale its operations, strengthen its technological infrastructure, and solidify its position as a leader in providing solutions for environmental sustainability and performance optimization within the manufacturing industry.
See full InUse company page
