The round was co-led by ABB and GS Energy, joining existing partners such as Clean Energy Ventures and ENGIE New Ventures. The capital will be used to power growth and accelerate innovation to help industrial companies optimize the crucial metric of energy intensity - the amount of energy, emissions and cost required for one unit of production. Ndustrial will also partner with ABB and GS Energy to offer its energy intensity solutions to industrial customers, further advancing its mission to unite hard-to-access energy and production data in real time to deliver transformative economic and decarbonization value.

Ndustrial is driving down energy intensity in industrial facilities, helping companies avoid over $100 million in energy spend. By uniting production data with energy usage, Ndustrial's AI-powered solution helps clients find massive energy-saving opportunities. The company's energy intensity platform integrates over 60 different systems into a single view to enable smarter energy decisions in real time, reducing costs while enabling greater decarbonization. Customers include Lineage, US Cold Storage, W.L. Gore (makers of GORE-TEX), and more.