Viam, a leading software platform for smart machines, has announced the successful closure of a $45 million Series B financing round. The round saw participation from existing investors, including Union Square Ventures and Battery Ventures, bringing Viam’s total funding to $87 million.
In today’s rapidly evolving landscape of global innovation, advancements in AI, machine learning, connectivity, and cloud and edge computing have taken center stage. However, the progress of software to manage hardware has been relatively slow, hindered by proprietary and siloed solutions tailored to individual machines, sensors, and equipment. This fragmentation has created complex constraints for developers, hindering growth and stifling progress.
Viam is spearheading a transformative change by introducing a unified software platform designed to streamline interaction with devices across various domains, including IoT, robotics, smart home, and industrial automation. Viam offers a fully modular, interoperable, and open-source software solution that seamlessly integrates with all hardware and machine fleets. Its open architecture eliminates costly barriers and complexities associated with working with physical devices, thereby accelerating developer velocity, democratizing access to open data for AI, and fostering innovation in critical sectors such as industrial manufacturing, energy, and climate.
Since its general availability launch in May 2023, Viam has collaborated with global enterprises and startups of all sizes to significantly reduce time to market, mitigate risks, enhance developer velocity, improve operational efficiency, and create modern end-user experiences that drive customer satisfaction and revenue growth.
The financing round coincides with Viam’s partnership with the Whale and Vessel Safety Taskforce (WAVS) to establish an open-source data collection program and AI solution crucial for North Atlantic Right Whale conservation efforts. This initiative showcases Viam’s ability to leverage open data to promote collaboration and transparency, as well as its unique capability to integrate AI and actuation at the edge.
“Viam’s open architecture heralds a paradigm shift that will bring the promises of robotics to everyday devices,” remarked Albert Wenger, Partner at Union Square Ventures. “We are excited to continue our partnership with Viam in this thrilling next chapter.”
Viam’s ongoing partnerships span various industries, including industrial automation and innovation, facilitating seamless operation of machines on the edge, enabling device-to-cloud data pipelines for real-time monitoring, predictive maintenance, and remote diagnostics, and facilitating the deployment of AI and ML models through the Viam Modular Registry.
“This investment underscores Viam’s dedication to innovation and reinforces our vision to empower developers with intuitive, powerful, and flexible tools that revolutionize the way software drives hardware,” said Eliot Horowitz, Founder and CEO of Viam. “Whether in IoT, robotics, smart home, or industrial automation, we are empowering the next generation of startups, developers, and enterprises to innovate rapidly and build better solutions.”
The latest funding will enable Viam to further accelerate enterprise partnerships, drive commercial innovation, and advance its software platform. Enterprises interested in learning more or requesting a custom demo can reach out to Viam for additional information.
