SaaS startups have become the darling of Venture Capital investors, especially in the Manufacturing industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 7 VC funded SaaS startups in the Manufacturing industry.
With the use of mobile, IoT, and web-based collaboration platforms that collect, display, monitor, and analyze real-time production data, Black Lake Technologies, a rapidly expanding and venture-backed business, is changing manufacturing organizations. We make it simple for manufacturing employees, from top management to assembly line workers, to communicate, analyze data, draw conclusions, and act right away. The company's clients, whose output Black Lake facilitates, range from medium-sized businesses to Fortune 500 giants. GSR, BAI, GGV, ZhenFund, China Growth Capital, and IDG are some of its investors; to far, more than CNY 100 million has been raised.
To assist hardware manufacturers in managing the design and production of their specialized hardware products, Duro offers cloud-based SaaS software. The workflow management tool from Duro is as easy to use as a spreadsheet and incorporates automatic data entry and validation to uphold best practices for the creation of hardware products.
MachineMetrics is an Industrial IoT analytics and machine monitoring platform that empowers customers through real-time data.Our fully automated manufacturing analytics solution provides visualizations of real-time manufacturing production data, predictive notifications, as well as historical analytics, allowing factory workers to make faster, smarter, more confident decisions based on real-time data. We've simplified IoT for the shop floor and are empowering manufacturers with the easiest to use and simplest to integrate software on the market. MachineMetrics is driving manufacturing efficiency by more than 20% on average for our customers.
A tightly integrated open factory operating system between engineering software and production hardware is being developed by Oqton. In order to close the loop and produce actionable insights as well as to optimize and reengineer production operations, Oqton FactoryOS collects real-time data from the production environment. To help businesses manage, improve, and automate their additive manufacturing operations, Oqton creates AI-powered manufacturing solutions. It was established in 2017 and has offices in Ghent, Belgium, and San Francisco, California.
SIERA.AI provides industrial operations with a SaaS dashboard to digitize compliance paperwork, monitor equipment health, and track safety violations using data from AI-enabled sensors, assisting them in increasing the productivity and safety of their industrial vehicles (such as forklifts, tow tractors, cranes, etc.). Manufacturing, transportation, wholesale and retail commerce, logistics, utilities and energy, government, and the food and beverage industry are just a few of the industries served by SIERA.AI, which is based in North America.
Using Vanti's SaaS solution, manufacturers are able to predict and explain quality issues, detect defects and optimize their processes, all in real-time. This is achieved through a self-service platform that harnesses data directly from the shop floor to train, deploy and maintain ML-based models in production. The platform doesn't require any data science or coding knowledge and models can be trained and validated within just a day, unlocking the AI scaling challenge for its customers.
WurkNow is a Next-Generation Staffing & Workforce Management Platform that combines the complete hiring process into a single, contemporary, and user-friendly digital experience thanks to our sophisticated data-driven methodology. Utilize our whole end-to-end platform or use our modular alternatives to boost your tech stack: Marketplace (People Sourcing & Pooling): To find, gather, and engage the best talent so you can achieve 100% Fill Rates, we leverage next-generation mobile apps and artificial intelligence. Staffing (Talent Onboarding, Engagement, and Deployment): We streamline the hiring process, make sure you have a platform that helps fill available jobs, and make it simpler than ever to match the best applicants for the job. Human Resources (Compliance, Roles & Documents): From drug tests, certifications, background checks, injuries, legal information, and benefits through performance evaluations and terminations, we securely store and manage it all. Additionally, make it simple for you to upload papers as new legal amendments are made. Timekeeping (Talent Scheduling, Labor & Compliance Management): Based on readily adjustable compliance regulations, we offer accurate, on-time time monitoring and automatic personnel scheduling. Simple time monitoring and management, precise time card data for accurate billing and payment, and client approval of time cards for a more automated procedure. Our Universal JOTM provides a single platform and source of truth for integrating workforce management operations in high-volume workplaces, whether you're a staffing agency giving your customers an MSP service or an employer employing numerous staffing suppliers. Payroll (Pay & Bill): By facilitating smooth data transmission and reconciliation inside a single system, we simplify payroll for the agency, the employer, and hourly workers. Payroll becomes quicker and more precise as a consequence.