The startup, co-founded by CEO Monte Zweben and President Omar A. Talib, plans to use the new capital to accelerate product development and market entry in heavy industries in the U.S., Asia, Germany, and the Middle East. ControlRooms.ai, which currently has 15 full-time employees, is also conducting extensive R&D to incorporate generative AI capabilities into its platform. This would allow operations personnel to predict and avoid potential issues, enhancing productivity and reducing costs.
Key takeaways:
- ControlRooms.ai, an Austin-based startup, has developed an AI-powered analytics application to automate the industrial troubleshooting process, aiming to reduce the average 800 hours of unplanned downtime faced by industrial manufacturers each year.
- The company recently raised an oversubscribed $10 million in Series A funding, bringing its total raised to $13.75 million. The round was led by Origin Ventures with participation from Amity Ventures, Tokio Marine Future Fund, S3 Ventures, GTM Fund, Alpha Square Group and FJ Labs.
- ControlRooms.ai's platform predicts manufacturing plant behavior and detects potential problems before they are noticed by engineers or control room operators. The startup claims its platform can be implemented within a week without changes to current systems.
- The new capital will be used to accelerate product development and market entry in heavy industries across the U.S., Asia, Germany, and the Middle East. The company is also planning to incorporate generative AI capabilities into its platform in the near future.