Datanomix, a Nashua, N.H.-based provider of a software platform for industrial manufacturers to look at productivity in manufacturing environments, raised $2m in funding.
The round was led by Bruce Sachs, with participation from Wasabi Ventures, York.IE, Alumni Ventures, Argon Ventures, WPI and several local angels.
The company intends to use the funds to accelerate commercialization, to expand sales and marketing teams with a focus on North American customer growth and further develop their Fusion product.
Co-founded by enterprise data veterans John Joseph (CEO) and Greg McHale (CTO), Datanomix combines machine learning with cloud-based data processing to produce real-time insights for industrial manufacturers to manage their factory environments through a novel production scoring system, allowing a rapid response to the most pressing problems.
With Fusion fully released and deployments in several states, the company is expanding nationwide at an increasing rate. This round of funding is set to assist with rapid customer expansion in the Midwest, with accounts already in progress in Michigan, the Ohio Valley, and the Pittsburgh-area.