Fluence Analytics, a New Orleans, LA-based startup that provides combined hardware and software analytics solutions to polymer manufacturers, raised a Series A-1 funding round of undisclosed amount.
Backers included participation from existing investor Energy Innovation Capital and new investor Diamond Edge Ventures, Inc., the venture capital arm of Mitsubishi Chemical Holdings Corporation. As part of the A-1 funding round, Patrick Suel, President of Diamond Edge Ventures, joined the Fluence Analytics’ Board of Directors.
The company intends to use the funds to support its paid proof of performance trials, expand sales activities, and invest in new hardware and software capabilities.
Led by Alex Reed, CEO, Fluence Analytics delivers realtime industrial and laboratory analytics solutions to polymer manufacturers. The realtime data streams that are generated by the company’s products provide novel insights into material properties. This enables customers to optimize and control polymerization processes.