Plutoshift Raises $8 Million In Series A Funding

Plutoshift Raises $8 Million In Series A Funding

by Vijay Kumar

Plutoshift, a provider of AI-enabled real-time data intelligence and process monitoring software for manufacturing industries, secured $8 million in Series A funding.

The company’s existing investors Fall Line Capital and Unshackled Ventures, led the financing round, with participation from new investors including Dave Gilboa (co-founder of Warby Parker), Joey Zwillinger (co-founder of Allbirds), and Nat Turner (co-founder of Flatiron Health). 

The company is initially focusing its platform on manufacturers, allowing operators to monitor the performance of critical processes related to water, energy, chemicals, and labor in an automated way.

Plutoshift plans to use the new funds to expand the technology behind its cloud-based solution, which is designed for teams to track, predict, and communicate decisions and the efficiency of critical physical assets and processes used in manufacturing.

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