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HighByte Announces Series A Congratulations to HighByte on securing Series A funding from Standard Investments, Exposition Ventures, and Maine Venture Fund. HighByte raised $12 million in this round. Getting funding is tougher now; the availability of VC funding has dropped about 60% since the peak in Q4 2021 so many early-stage companies struggle to attract quality investors like these. It is interesting to see that Standard Investments is the lead investor. Standard Investments is part of Standard Industries which is best known for GAF, the largest roofing manufacturer in North America. It is always helpful to have investors who understand industrial operations. HighByte’s flagship product, Intelligence Hub, fits into LNS Research’s classification of Industrial DataOps Software in our latest IX Reference Architecture. The software contextualizes industrial data from PLCs, historians, and transactional data sources while offering codeless integration, data conditioning, and data transformations. Several of HighByte’s executives have prior experience in this field, having been instrumental in building Kepware, a PTC Technology. We are looking forward to seeing the HighByte team apply the proceeds to continue growing while empowering manufacturers to use industrial data more effectively. Tagging: Tony Paine, John Harrington, Torey Penrod-Cambra Follow LNS Research's Matthew Littlefield, James Wells, Bob Francis, Allison Kuhn, Vivek Murugesan, Tom Comstock, and Mehul Shah for more insights. IX Reference Architecture: https://lnkd.in/giz8wSXf #ixreferencearchitecture #industrialtransformation #industry40 #itotconvergence
⚡ BREAKING ⚡ HighByte Announces Series A Raise to Accelerate Growth in Industrial DataOps Market 🙌 Today, we are thrilled to share that we have secured a $12 million Series A funding round led by Standard Investments! Funds will be primarily allocated across research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts. 🚀 For more details on the raise, the #DataOps market, and HighByte founding team, please read the press release. Onward! 🗞️ https://bit.ly/3WaN4uL
I'm always happy to see good things happen to good people! This round in a still challenging environment is a testament to quality of the leadership and broader team HighByte as well as their leadership in defining the Industrial DataOps space.
Allison Kuhn
6mo
One of the most common requests: how do I get more value from my data, quicker. This has great potential to continue to accelerate the data-centric mindset manufacturers are seeking! Thanks for the analysis Niels Erik Andersen.
Great news, and it couldn't have happened to a better bunch of people.
Julie Fraser
6mo
Congratulations to HighByte and the great team there. Funding to expand more rapidly is a great step! Keep up the good work!
Niels Erik Andersen thank you for the coverage and thoughtful analysis of our raise!
Brian Perlstein
6mo
Congratulations!
Congratulations HighByte, impressive achievement! To scale even further, consider leveraging machine learning algorithms for predictive analysis on your growth metrics, offering invaluable foresight and optimization opportunities.