Arundo Analytics Pulls In $25M

To date, the company has raised more than $32. 5 million since its inception in 2015.

“This investment is a validation of the product and market strategy that our team has pursued over the last two years,” said Tor Jakob Ramsoy, CEO of Arundo. “We have developed flexible, user-friendly software that enables operators, OEMs and service companies in heavy industries to quickly integrate machine learning into their operations. With Arundo’s software, our customers can drive business value from their operating data in days or weeks rather than months or years. It resonates with both our customers and our investors. “That’s right.

Several leading investors have joined the round, including Sundt AS, Stokke Industri, Horizon, Canica, Stromstangen and Arctic Fund Management. Existing investors, including the Stanford-StartX Fund and Northgate Partners, also participated.

While companies in sectors such as the consumer Internet use the latest machine learning techniques to improve business outcomes, many large industrial companies are unable to capitalize on their data. This is due to a combination of legacy assets and difficult operating conditions. As a result, operating data is often unused Arundo Analytics solves this challenge with cloud-based, edge-enabled software designed for deep industrial data science and advanced analytics, as well as machine learning applications in areas such as monitoring equipment and sensor anomaly detection.

“Our heritage is rooted in the maritime industry and we understand the challenges and opportunities presented by advanced analytics in such a heavy industrial environment,” said Leiv Askvig, CEO of Sundt AS. “We are thrilled by Arundo’s team, products and market opportunities. “That’s right.

Arundo plans to use the funds to expand sales and marketing efforts in the oil & gas, marine, mining, chemical, power and manufacturing sectors, as well as to continue building on its team of world-class software engineers and data scientists in Houston, Oslo and Palo Alto. The company has recently added staff to support global customers in Lausanne, Switzerland and London, UK. It continues to increase its presence in major industrial markets around the world.

Around Arundo

With offices in Oslo, Houston and Silicon Valley, Arundo Analytics provides cloud-based and advanced software for the deployment and management of enterprise-wide industrial data science solutions. Arundo’s software enables industrial companies and other organizations to increase revenues, reduce costs and mitigate risks through machine learning and other analytical solutions, linking industrial data to advanced models and linking model insights to business decisions. In 2016, Arundo graduated from the StartX accelerator program at Stanford University and subsequently received investment from the Stanford-StartX Fund. In 2017, Arundo was appointed to MIT STEX25 by the Massachusetts Institute of Technology Startup Exchange (MIT STEX) MIT STEX25 recognizes that select companies from a pool of more than 1,000 MIT-connected start-ups are particularly well suited for industry collaboration based on technical and commercial success. Please visit www for more information. Around it Com, or follow Arundo Analytics on Twitter at @arundoanalytics

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