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DateInvestorsAmountRound
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N/A

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N/A

Seed

$2.1m

Seed

$11.3m

Series A
N/A

$270k

Convertible

$20.0m

Series B
Total FundingCAD45.9m

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MachineMetrics operates in the industrial IoT (Internet of Things) sector, providing a platform that optimizes manufacturing efficiency through real-time machine monitoring and data analytics. The company serves clients in precision metalworking, metal stamping, and fabrication industries, helping them to improve plant capacity and machine utilization. MachineMetrics integrates with existing factory systems, enabling seamless data flow and automation. The business model is subscription-based, offering various tiers of service that cater to different manufacturing needs. Revenue is generated through these subscriptions, as well as through additional services such as custom integrations and advanced analytics. MachineMetrics' platform allows manufacturers to visualize, analyze, and improve every step of their production process, ensuring timely delivery of parts and reducing setup changeover times.

Keywords: Industrial IoT, machine monitoring, data analytics, manufacturing efficiency, real-time data, precision metalworking, metal stamping, fabrication, plant capacity, machine utilization.

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