Automation Intellect Raises Funding Round Led by StartFast

SaaS Company that Provides Machine Performance Analytics Oversubscribes Funding Round

CHARLOTTE, N.C. - Aug. 15, 2019 - PRLog -- Automation Intellect, a SaaS company that provides machine performance analytics to manufacturing companies, announced it has raised a funding round led by StartFast out of Syracuse, NY.

"We are excited to see the investment community's strong validation of Automation Intellect and we are proud to lead their round," said Chuck Stormon of StartFast.

Automation Intellect, headquartered in Charlotte, N.C. oversubscribed the funding round by 30%. The round was accelerated after the company closed a Master Services Agreement with a global manufacturing leader in the field of automotive filtration.

"Manufacturers must adopt transformative technology in order to remain globally competitive," said David Gardner of Cofounders Capital, another major investor in the round. "With Automation Intellect, we see a company bringing innovative solutions that deliver real results with the quickest time to value in the market."

The funding will enable the company to leverage their early success, drive adoption at a faster pace and scale to meet the expansive need in the market.

"With the support of our strategic investors, we'll be accelerating the development of our product and supporting our growing customer base," said Brad DeMarco, CEO of Automation Intellect. "This is an amazing accomplishment for our team, and we really appreciate the support from all of the investors that made this happen."

About Automation Intellect:

Automation Intellect is a cloud based SaaS company that provides a machine performance analytics platform for manufacturing companies. The platform collects and monitors machine data, providing companies with valuable insights that improve machine performance. Headquartered in Charlotte, N.C., Automation Intellect was founded in 2016 by Brad DeMarco, Kurt Lueck and Bruce Wilkinson.

About StartFast:

StartFast is an early-stage venture firm that each year screens over 10,000 software and IoT companies from across the globe before selecting 5 to invest in. Those companies receive an initial investment and work with StartFast's management team to identify product-market fit and develop scalable sales models. Founders are also given the opportunity to connect to a network of world-class entrepreneurs, investors, corporate executives, and subject matter experts to help take their company to the next level.

Media Contact
Brad DeMarco
brad.demarco@automationintellect.com
704-281-4517


Photos: (Click photo to enlarge)



Click to Contact
More News From malaysiacorner.com

Iran: Lifting US sanctions will help salvage nuclear deal

Jan 28, 2020

KUALA LUMPUR, Malaysia — Iranian Foreign Minister Mohammad Javad Zarif said Iran's supreme leader will not meet President Donald Trump unless Washington halts its "economic terrorism" that has hurt ordinary Iranians. Zarif said the removal of U.S. sanctions — which he described as a form of extortion, arm twisting and intimidation — could also help salvage the 2015 Iranian nuclear deal, which the U.S. unilaterally withdrew from last year. He said Tehran has the right to reduce its compliance under the nuclear pact after the U.S. left, but it can return to full implementation if the U.S. fulfils its commitment...

Mother's voice pierces Malaysia jungle in search for girl

Jan 28, 2020

SEREMBAN, Malaysia — Malaysian rescuers stepped up their search Friday for a 15-year-old London girl who vanished from a nature resort six days ago by playing voice recordings of her mother and brought in members of an elite commando force as they combed the hilly forest terrain. "Nora darling, Nora, Nora, Mummy's here," the voice of Meabh Quoirin rang out through loudspeakers carried by rescuers, piercing the jungle silence. The family of Nora Anne Quoirin discovered her missing Sunday morning from the Dusun eco-resort in southern Negeri Sembilan state. Police believe the teen climbed out through a window in the...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

In Malaysia Corner, we’re here to bring back those days where you can still catch up with everyday news no matter which corner you are at.