Fluence Analytics, formerly Advanced Polymer Monitoring Technologies (APMT), announced today it has raised a Series A funding round led by Energy Innovation Capital (EIC), a venture capital firm that invests in growing companies in energy innovation. Fluence Analytics products optimize efficiency, cost and quality of manufacturing and R&D processes in polymer and biopharmaceutical industries. Analysis of the confluence of realtime data generated by the company's products allows customers to produce materials at the lowest cost with the highest quality and yield, all while minimizing environmental footprint.
The Series A funding round also included participation from other investors. Fluence Analytics patented products and services were developed with over $20MM in competitive grants and funding from investors and customers. The value of the technology is proven with two and half years of industrial production operations and the release of second generation products in 2016.
"We built Fluence Analytics by partnering with industry leaders to solve the biggest challenges in polymer manufacturing. This financing will accelerate the application of analytics to realtime data sets enabling manufacturing optimization for our customers," says Alex Reed, CEO of Fluence Analytics. "We will use the funds to grow our team and expand the range of polymer applications we support," added Mr. Reed.
As part of the financing, George Coyle, a Managing Partner of Energy Innovation Capital, has joined the Fluence Analytics' Board of Directors.
"We are pleased to partner with Fluence Analytics," Mr. Coyle noted. "Fluence Analytics has demonstrated that its products deliver significant value to its customers, and we are eager to support the company's growth."
"We are fortunate to have EIC as an investor and as a partner in growing our company. Their experience and contacts in the industries we serve add major strengths as we enter the revenue ramp for our products and services. They are truly a value-added investor," says Dr. Bill Bottoms, Chairman of Fluence Analytics.
About Fluence Analytics
Fluence Analytics is a manufacturer of industrial and laboratory systems that produce continuous data streams. These measurements, combined with powerful, proprietary analytical tools, enable realtime optimization of process control and faster R&D for polymer and biopharmaceutical manufacturers. Visit http://www.FluenceAnalytics.com to learn more about the company's solutions for realtime data. realtime optimization.
About Energy Innovation Capital
Energy Innovation Capital is the premier capital provider to energy innovators. EIC is building a platform for entrepreneurs to drive Silicon Valley innovation in the global oil, gas and energy industries. http://www.energyinnovationcapital.com