Guidewheel (formerly know as Safi), a San Francisco CA-based manfacture tech company, raised $8M in Series A funding.
The round was led by Greycroft, which was joined by angels, and Fortune 500 executives.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded out of Stanford University and led by CEO Lauren Dunford, Guidewheel provides a cloud-powered FactoryOps, which allows factories to digitize their operations and reach sustainable performance. Its plug-and-play platform clips onto any machine on the factory floor, delivering real-time visibility that reduces lost production and improves performance.
The company has raised a total of $12M to date, with previous rounds from additional investors including LocalGlobe, Savannah Fund, and DEG, with public funds of the German Federal Ministry for Economic Cooperation and Development, among others.
Guidewheel has expanded quickly to 100+ plants across Mexico, East Africa, and the USA.