With this new investment, the company will accelerate growth of its digital manufacturing platform.
ThinkIQ has raised $11.6 million Series A round led by Ecosystem Integrity Fund (EIF). Participating investors include Hitachi Ventures and ArcTern Ventures.
With this new investment, the company will accelerate growth of its digital manufacturing platform, which helps manufacturers improve yield, quality, safety, compliance, and brand confidence while reducing waste and environmental impact. ThinkIQ gives its customers a more precise understanding of their manufacturing data which can be utilized to better fine tune their production execution.