Plutoshift, a Palo Alto, Calif.- and Denver, CO-based based data intelligence platform for industrial processes, secured an $8m Series A funding.
Backers included Fall Line Capital, Unshackled Ventures, Dave Gilboa, co-founder of Warby Parker, Joey Zwillinger, co-founder of Allbirds, and Nat Turner, co-founder of Flatiron Health.
The company intends to use the funds to expand the technology behind its cloud-based solution.
Founded in 2016 by Prateek Joshi, CEO, Plutoshift Plutoshift provides a cloud-based solution designed for teams to track, predict, and communicate decisions and the efficiency of critical physical assets and processes used in manufacturing.
By discovering insights from existing data sources in real-time, the system enables water, food, beverage, brewing, chemicals, and energy industrial companies to have a holistic view of key cost drivers and resources that impact their business. This approach allows operators and managers inside manufacturing businesses to stay informed and take proactive action.