Datch Secures $15M in Series A Funding for AI Expansion in Frontline Industries
Specializing in AI technology for the frontline manufacturing, energy, and utility sectors, Datch is dedicated to enhancing operational efficiency through its innovative AI-driven solutions.
Company Name: Datch
Location: New York City, NY
Sector: AI, Manufacturing, Energy, Utilities
Funding Details: Raised $15 million in Series A funding. The investment round was led by Third Prime, with significant contributions from Blackhorn Ventures, Blue Bear Capital, and Susquehanna Investment Group.
Purpose of Investment: The funding will be used to broaden Datch's market presence in the enterprise sector and enhance the capabilities of its Asset Insights toolkit, aiming to improve operational outcomes through advanced AI applications.
Leadership: Led by CEO Mark Fosdike. Under his leadership, Datch is advancing AI solutions tailored to meet the unique needs of frontline industrial operations.
Product and Innovation: Datch is renowned for its frontline intelligence platform, which utilizes AI to digitize, structure, and streamline work management processes across industries such as manufacturing, energy, utilities, and aviation. The platform enables deskless teams to capture and convert unstructured data into valuable insights using state-of-the-art LLM and graph technology.
Company Growth: With offices in the US and New Zealand, Datch is rapidly expanding its footprint, serving a growing list of Fortune 500 companies and global enterprises. The recent launch of its Asset Insights product marks a significant milestone in its product development journey.
About the Company: Specializing in AI technology for the frontline manufacturing, energy, and utility sectors, Datch is dedicated to enhancing operational efficiency through its innovative AI-driven solutions. The company's technology is designed to empower organizations by transforming unstructured data into actionable insights that drive better business outcomes.