Guidewheel, the leader in AI-powered FactoryOps, raised $31 million Series B funding led by Decarbonization Partners, a partnership between BlackRock and Temasek. Ecolab, Rethink Impact, and GSBackers also participated in this round, alongside existing investors Greycroft and Breakthrough Energy Ventures (BEV), among others.
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Guidewheel work with the factories that are the backbone of economy, and you can have a real, on-the-ground impact right away. Guidewheel has strong momentum and alignment around our mission, investor support, and a culture that values diversity, growth mindset, and results. And the tight link between its mission and business model means that reaching more of the world’s 10 million factories accelerates our positive impact on the planet.
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“A new industrial revolution is taking place that will reshape not only manufacturing processes, but entire business models—and the importance of manufacturing has never been clearer,” said Lauren Dunford, Co-founder and CEO of Guidewheel. “Equipment in factories often lasts for decades, and a significant number of machines are not yet even connected to the cloud. Historically, the only available solutions have been cost-prohibitive and require specialized skills. Guidewheel changes that by providing a fast, scalable solution that minimizes operational disruption to swiftly connect all machines—across all ages, makes, and models—at a fraction of the cost of competitive solutions.”
“We’re excited to support Guidewheel not just because their technology solves an important problem for manufacturers, but because they’ve found a way to build sustainability into the core of manufacturing operations,” said Dr. Meghan Sharp, Global Head and Chief Investment Officer of Decarbonization Partners. “By using Guidewheel to help manage their factory operations, customers can not only improve efficiency and reduce costs, but also reduce energy consumption and emissions.”
“We’re thrilled to partner with Decarbonization Partners and all of our amazing investors to supercharge our growth,” added Dunford. “This financing allows us to further accelerate product development, scale our AI team, and invest even more in Customer Success to support our rapidly growing customer base. We’re one step closer to empowering the world’s ten million factories to reach sustainable peak performance.”
About Guidewheel
Guidewheel is on a mission to empower all the world’s factories to reach sustainable peak performance. Inspired by the simple, universal truth that every machine on the factory floor has a power cord, plug-and-play FactoryOps platform makes the power of the cloud accessible to any factory. Guidewheel clips onto any machine to turn its real-time “heartbeat” into a connected, actively learning system that empowers teams to reduce lost production time, increase throughput, and perform better and better over time.
