Automation Intellect Raises Seed Round Led By StartFast
Exciting new SaaS Company Receives Seed Funding to Enable Manufacturing Companies Implement Industry 4.0!
CHARLOTTE, N.C. - March 11, 2019 - PRLog -- Automation Intellect, a SaaS company that provides machine performance analytics to manufacturing companies, is excited to announce that it has raised a seed round led by StartFast Venture Accelerator. The participation by StartFast in this raise expands its existing stake in the company.
Automation Intellect, is in an industry that is growing by leaps and bounds, in fact, every major manufacturer in the world is actively pursuing an Industry 4.0 initiative. Automation Intellect provides an out of the box solution that allows manufacturing companies to get up and running quickly and deliver real value now, while also providing expansive capabilities to support the future goals of their organization!
Automation Intellect is lead by Brad DeMarco, a veteran in industrial automation, provides Automation Intellect a unique perspective on what information manufacturers need, and the best way to give them that information. He is supported by Kurt Lueck who, in addition to being a founder, has extensive background building enterprise level software solutions. The team at Automation Intellect has developed an amazing solution that is gaining adoption at an amazing pace!
This seed round will enable the company to leverage their early success and drive adoption at a much faster pace. Their goal is to get to a $1M run rate by Q1 of 2020, and then pursue a Series A round that will allow them to scale to meet the expansive need in the market.
"StartFast is very excited to announce our initial closing to lead Automation Intellect's seed round! This company has a great team, a great product and is in an extremely hot market." - says StartFast Managing Director Chuck Stormon, who will also be joining the Automation Intellect Board
"At Automation Intellect, we believe that Industry 4.0 implementations will only be as effective as the value they deliver. We have an extremely easy to implement solution, that provides the fastest time to value in the market." Brad DeMarco, CEO
About Automation Intellect
Automation Intellect, Inc. was founded in 2016 by Brad DeMarco, Kurt Lueck, and Bruce Wilkinson and is headquartered in Charlotte, NC. Automation Intellect's platform is developing significant industry traction, and momentum which was kicked off this past summer during the StartFast Accelerator Program where the close interaction with the StartFast team provided great direction and support.
To learn more, visit www.automationintellect.com
SOURCE – Automation Intellect, Inc.