AI-powered FactoryOps leader Guidewheel has closed its $31 million Series B above its target. Leading the round was Decarbonization Partners, the joint venture between BlackRock and Temasek.
The deal included the participation of Ecolab, Rethink Impact, GSBackers, and existing investors Greycroft and BEV.
Guidewheel has an innovative platform that brings AI to the factory floor on a massive scale by noninvasively attaching sensors to machinery, much like a smartwatch would be attached to a wrist—enabling real-time power usage tracking. This feeds into Guidewheel’s AI-driven FactoryOps platform that helps minimize downtime, maximize efficiency, and improve performance. On average, customers have reported a 41% increase in production from their existing assets. It also has energy and carbon management within it to enable manufacturers to achieve their sustainability goals.
“Much of the industrial revolution happening today is about remaking manufacturing processes and business models. Our solution bridges the gap by providing an affordable, scalable way to connect all machines—irrespective of age or model—with minimal disruption,” said Lauren Dunford, Co-founder and CEO of Guidewheel.
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As Dr. Meghan Sharp, Global Head and Chief Investment Officer at Decarbonization Partners, said: “Guidewheel addresses critical manufacturing challenges and makes sustainability intrinsic to core operations. Their technology enables customers to boost efficiency, lower costs, and cut down on energy use and attendant emissions.”
Dunford was similarly enthusiastic about the investment. He said, “This funding will help us accelerate our product development, expand our AI team, and enhance the level of service to our customers’ success. Closer to empowering the world’s ten million factories to peak sustainable performance.”
Guidewheel continues to innovate, and its new features include Scout, an AI-driven predictive maintenance tool that watches for and learns the patterns which indicate that a problem may be coming before it becomes downtime or failure. Scout has already proved its value in averting significant disruptions for big manufacturers.
Its growth is further reflected in the client base, now with giants like General Motors, Igloo, Kimberly Clark, and Johnson & Johnson.
Jim Campbell, CEO of Automated Solutions, another user of Guidewheel, said: “Guidewheel’s tool is easy to use, and its accompanying reports are sophisticated without being too technical, providing insight not just data.
“Guidewheel plays a critical role in global industrial decarbonization as it helps manufacturers manage energy use effectively,” said Carmichael Roberts, venture partner, Breakthrough Energy Ventures. “The company’s continued momentum is a testament to its technology and team.”
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