Arch Systems, a Palo Alto, CA-based provider of an analytics platform for electronics and discrete manufacturers, raised $15M in funding.
The round was led by Two Bear Capital with participation from Uncork Capital.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Andrew Scheuermann, Arch Systems provides electronics and discrete manufacturers with an advanced analytics platform for factory-wide and multi-factory operations. On the manufacturing floor, the technology provides operational guidance to improve productivity, quality, and maintenance. Across multiple factories, the company automates global KPI alignment and delivers enterprises tools to drive data-driven action management both at in-house and contracted factories to maximize overall manufacturing performance.
The company, which is currently in an active hiring phase, is launching two major products in the coming months – Action Management System, an enterprise control room designed around machine data signals and corrective actions for top floor to shopfloor rapid decision making, as well as Production Insights, an ArchFX Core offering that will make a subset of Arch’s analytics developed on large enterprise data sets available to individual factories for the first time.
FinSMEs
18/07/2022