Software maker ThinkIQ of Aliso Viejo recently closed a $11.6 million Series A round. ThinkIQ uses data gathered from various sensors in manufacturing facilities, and runs algorithms to determine how materials flow through the supply chain and processes that can be optimized. “We originated the business on wanting to make a product safer, in a way that drives real value for our customers,” Chief Executive Doug Lawson told the Business Journal. “One of the side effects of that is we can make our customers much more energy efficient and more sustainable. That part of the business is resonating with the financial community.”

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