ThinkIQ, an Aliso Viejo, CA-based digital manufacturing transformation SaaS platform, raised $11.6m in Series A funding.
The round was led by Ecosystem Integrity Fund (EIF) with participation from Hitachi Ventures and ArcTern Ventures.
The company intends to use the funds to accelerate growth of its platform.
Led by Doug Lawson, CEO, ThinkIQ provides a digital manufacturing platform, which enables manufacturers to improve yield, quality, safety, compliance, and brand confidence while reducing waste and environmental impact, by giving them a precise understanding of their manufacturing data which can be utilized to optimize their production execution. Its granular and data-centric contextualized view of material flows and related provenance attribute data integrates into existing IoT infrastructures and crosses supply chains to manufacturing processes and beyond.