Ndustrial, headquartered in Raleigh, North Carolina, has achieved a significant milestone with an $18.5 million Series B funding round first close. This round was led by industry giants ABB and GS Energy, with participation from existing partners such as Clean Energy Ventures and ENGIE New Ventures.
The infusion of funds will fuel Ndustrial’s growth trajectory and accelerate its innovation efforts to support industrial companies in optimizing energy intensity—the measure of energy, emissions, and cost required for one unit of production.
Under the leadership of Founder and CEO Jason Massey, Ndustrial offers an AI-powered platform that revolutionizes energy management in industry. By amalgamating production and energy data from diverse industrial systems, Ndustrial provides real-time insights into energy intensity. Its intuitive dashboard empowers facilities and production lines with actionable insights, aiding global industrial sites in making informed decisions and circumventing over $100 million in energy expenditure over the past decade.
Ndustrial’s platform integrates over 60 data sources, enabling active load management, optimizing production processes, and facilitating next-generation carbon intensity measurement and verification.
Renowned companies like W.L. Gore (makers of GORE-TEX), Novonesis, and US Cold Storage are among Ndustrial’s esteemed clientele.
In response to the funding news, Jason Massey expressed his enthusiasm, stating, “Ndustrial’s production-aware technology empowers industrial leaders to finally wrap their arms around their data in real-time, understand the relationships between production cycles and energy use, report Scope 3 emissions, and take action immediately. ABB and GS Energy are ideal partners to scale our business to help more industrial companies reduce costs and decarbonize faster.” With the backing of industry leaders like ABB and GS Energy, Ndustrial is poised to accelerate its mission of driving energy efficiency and sustainability in the industrial sector.
