Algo8 Receives Investment From Chemelex

The deal amount was not disclosed. David Prystash, CEO of Chemelex, will join Algo8’s Board of Advisors.

The company plans to use the funds to grow its operations and continue developing its technology.

The partnership builds on existing work between Chemelex and Algo8 and highlights Chemelex’s focus on using advanced technology to improve operations and supply reliability across its global manufacturing network.

Algo8 develops Plantbrain, an AI platform that connects industrial data to provide insights that help manufacturers improve efficiency, reduce downtime, and make better decisions.

Chemelex uses Algo8’s technology across its operations to improve consistency, boost manufacturing efficiency, accelerate data-driven decision-making, and enhance supply reliability for customers.

For Algo8, the investment provides funding to develop its product further and to access Chemelex’s global manufacturing network, helping it expand its platform across more industrial environments.

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"David Prystash, CEO of Chemelex, said investing in advanced technology is key to improving manufacturing. He said Algo8’s industrial AI fits well with their goal of delivering reliable products and will help improve productivity, consistency, and customer demand."

Nandan Mishra, CEO and Co Founder of Algo8, said,“Partnering with Chemelex allows us to accelerate development of our platform and scale its deployment across global manufacturing environments. Together, we aim to deliver measurable performance improvements through AI driven solutions.”

About Algo8

Founded in 2018, by Nandan Mishra and Himanshu Singh, Algo8 is an industrial AI company that builds software for manufacturing. Its platform connects data from different systems to provide insights that help improve efficiency, productivity and overall operations.

About Chemelex

Chemelex is a global leader in electric thermal, and sensing solutions, helping protect critical systems, places, and people. With over 50 years of experience, it delivers products that improve safety, reliability and efficiency across industries from industrial plants, and data centers to homes. It's trusted brands include Raychem, Tracer, Pyrotenax and Nuheat.

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