Guidewheel Closes $8M Series A Led By Greycroft, Completes Rebrand

Jul 22, 2021•about 4 years ago

Amount Raised

$8 Million

Round Type

series a

San Francisco

Description

Manufacturing tech leader Guidewheel (formerly Safi) today announced it has closed an $8M Series A funding round led by Greycroft. Greycroft was joined in the round by leading firms, angels, and Fortune 500 executives. The investment will continue to fuel Guidewheel's growth as it pioneers a new category of cloud-powered FactoryOps, empowering all the world's factories to digitize their operations and reach sustainable peak performance. The company is simultaneously updating its brand from Safi to Guidewheel to reinforce its strength as a tool to help guide teams to manufacturing excellence.

Company Information

Company

Guidewheel

Location

San Francisco, California, United States

About

Guidewheel is a leader in cloud-powered FactoryOps, empowering all the world's factories to digitize their operations and reach sustainable peak performance. Guidewheel's plug-and-play platform clips onto any machine on the factory floor, delivering real-time visibility that reduces lost production and improves performance—a critical priority at a time when all eyes are on manufacturers and their impact on the global supply chain. Founded out of Stanford University, Guidewheel went through Stanford's Launchpad as well as top accelerator StartX. Guidewheel's product has been recognized with prizes from Stanford and MIT, and the team brings both manufacturing expertise and success building world-class cloud software at scale. Guidewheel has expanded quickly to 100+ plants across Mexico, East Africa, and the USA. For more information, visit guidewheel.com.