Guidewheel Secures $31M in Series B Funding for AI-powered Factory Optimization
Guidewheel aims to democratize access to advanced AI tools for factories of all sizes around the globe, helping them minimize downtime and maximize production efficiency in a sustainable manner.
Company Name: Guidewheel
Location: San Francisco, CA
Sector: Industrial AI, Sustainability
Funding Details: Raised $31 million in Series B funding led by Decarbonization Partners (a BlackRock and Temasek partnership), with participation from Ecolab, Rethink Impact, GSBackers, and existing investors Greycroft and Breakthrough Energy Ventures (BEV).
Purpose of Investment: To accelerate the expansion of operations and continue the development of its innovative AI-powered FactoryOps platform.
Leadership: Led by Co-founder and CEO, Lauren Dunford, Guidewheel is dedicated to empowering factories worldwide to achieve sustainable peak performance.
Product and Innovation: The company’s FactoryOps platform uses AI to transform any factory machine into a smart, connected device. By attaching a simple device to existing machinery, factories can monitor the real-time "heartbeat" of their operations, enabling proactive maintenance, efficiency improvements, and substantial energy savings. This approach not only boosts operational efficiency but also contributes significantly to sustainability efforts.
Company Growth: Guidewheel’s solution is employed by major industrial players such as General Motors, Igloo, Kimberly Clark, JELD-WEN, and Johnson & Johnson, demonstrating its wide applicability and trust within the industry.
About the Company: Guidewheel aims to democratize access to advanced AI tools for factories of all sizes around the globe, helping them minimize downtime and maximize production efficiency in a sustainable manner. This funding round highlights the industry's focus on integrating technology to enhance productivity while reducing environmental impact.