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Nikola Labs Raises $20 Million To Accelerate Growth In Proactive

May 20, 2022•over 3 years ago

Amount Raised

$20 Million

Columbus

Description

Nikola Labs announced today that it closed $20 million in financing to support growing customer demand and accelerate platform development. Led by G2 Venture Partners and joined by Triangle Peak Partners, the Series A Preferred financing is Nikola Labs’ first institution-led growth round and brings total funding to $41 million to date.

Company Information

Company

Nikola Labs

Location

Columbus, Mississippi, United States

About

Nikola Labs simplifies proactive maintenance and eliminates unplanned downtime for global manufacturers. A leader in sensor-based reliability solutions, its rapidly deployable, full-service, remote monitoring solution monitors the health of critical manufacturing equipment through a network of wireless sensors while machine learning and certified vibration experts analyze the data and create prescriptive and predictive maintenance alerts so machines can be repaired before failure. A spinout of The Ohio State University, Nikola Labs was founded in 2014 and was the first company launched by the Ikove Startup Nursery. http://www.nikola.tech Contact: John Schoger Nikola Labs jschoger@nikola.tech

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech