ALISO VIEJO, CA, ThinkIQ has raised $11.6 million in a Series A financing round.
ThinkIQ, a pioneer of digital manufacturing transformation SaaS, today announced that it has raised $11.6 million Series A round led by Ecosystem Integrity Fund (EIF). Participating investors include Hitachi Ventures and ArcTern Ventures, Bonfire Ventures and Sino Capital.
With this new investment, the company will accelerate growth of its digital manufacturing platform, which helps manufacturers improve yield, quality, safety, compliance, and brand confidence while reducing waste and environmental impact. ThinkIQ gives its customers a more precise understanding of their manufacturing data which can be utilized to better fine tune their production execution.
ThinkIQ, a pioneer of Digital Manufacturing Transformation SaaS, delivers unprecedented material traceability and insight into ways to improve yield, quality, safety, compliance and brand confidence. Our fact-based granular and data-centric contextualized view of material flows and related provenance attribute data integrates into existing IoT infrastructures and crosses supply chains to manufacturing processes and beyond. Our customers have saved $10's of millions by identifying waste and underperforming assets, as well as reducing warranty reserves for quality and safety issues. ThinkIQ is a privately held company headquartered in Aliso Viejo, CA.
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