Datch has successfully closed its $15M Series A funding round via an extension led by Third Prime with support from existing investors including Blackhorn Ventures, Blue Bear Capital, and Susquehanna International Group.
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This significant investment marks a major milestone in our journey to revolutionize frontline intelligence for the industrial sectors of the economy.
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In conjunction with this funding, Datch thrilled to launch latest product offering: Asset Insights. Industrial organizations today face the dual challenge of increasing asset availability and bridging a widening skills gap. Asset Insights addresses these issues by leveraging breakthroughs in Large Language Models (LLM) and graph technology to convert unstructured, disparate information into actionable insights that improve operational outcomes.
Asset Insights is the latest addition to Datch’s Frontline Intelligence Platform, representing a significant step forward in our mission to empower operations that accelerate the world’s economy. By turning enterprise information into democratized knowledge, we enable industrial teams to not just survive but thrive in today’s competitive landscape.
Mark Fosdike, CEO and cofounder of Datch, explains, “The world is facing an enormous skills shortage, and AI is one of the key pillars to bridge that gap. While surfacing information has gotten easier over time, organizations have yet to leverage AI to generate true insights – think patterns, trends, predictions, understanding – that extend beyond efficient search and directly progress business objectives. By turning enterprise information into democratized knowledge, we are enabling industrial teams to thrive in a new, highly productive frontier. We’re excited to partner with Third Prime to continue bringing this opportunity to the most influential organizations around the world.”
Datch plan to use this new funding to further expand market presence and enhance the capabilities of Asset Insights. Datch goal is to continue providing innovative solutions that drive operational excellence and empower industrial teams around the globe
“Today’s most critical industries rely on data to power their growth. Datch is enabling companies on the industrial frontline to improve their deskless workforce’s access to high-quality data and empowering workers to use those insights in real time,” said Third Prime General Partner, Mike Kim. “By leveraging AI, Datch reduces asset downtime and optimizes manufacturing performance to drive tangible ROI to both its customers and their enormous end markets.”
About Datch
Datch is a platform that leverages AI to capture highly detailed, structured human-centric data while surfacing asset insights for decision-making and resource management. Our goal is to cut deep into the availability shortfall by providing the data and intelligence needed to decrease asset MTTR, increase MTBF, support better planning and allow for faster decision making.
