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Factbird secures a strategic majority investment from Verdane to further develop its IoT platform and expand its market presence.

PRIVATEAug 06, 20263 days ago

Round Type

Venture - Series Unknown

CopenhagenManufacturing

Investors

EifoExpedition Growth CapitalVerdane

Description

Factbird, a Copenhagen-based provider of an IoT manufacturing intelligence platform, received a strategic majority investment from Verdane. Existing investors Expedition Growth Capital and EIFO also reinvested alongside Verdane. The funds will be used to develop their product offering and enhance market reach. Factbird aims to improve productivity and operational decisions for manufacturing customers globally.

Company Information

Company

Factbird

Location

Copenhagen, Capital Region Of Denmark, Denmark

About

Factbird helps Manufacturers maximize their performance through manufacturing intelligence from Operator to Process Engineer to Plant Manager. We help customers to gather, manage, and analyze production data from any machine or process to improve operations. Manufacturing data can be analyzed in real time to detect quality issues, downtime, or bottlenecks and identify opportunities to increase productivity. Factbird empowers the manufacturing shop floor with structured data for anyone involved in production.

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