By: Prateek Joshi, Founder of Plutoshift
Earlier in September, we had the pleasure of announcing an enormous milestone for Plutoshift in the form of our $8 million Series A funding round. I’d like to take a moment to express our gratitude to all of our investors, customers, team members, and partners that have played a role in helping us bring GROUNDED AI to the industrial world.
Here are just a few of the investors who have committed their support to our mission to help change the industrial world’s relationship with its most critical and underutilized asset -- DATA.
- Fall Line Capital
- Unshackled Ventures
- Dave Gilboa, co-founder of Warby Parker
- Joey Zwillinger, co-founder of Allbirds
- Nat Turner, co-founder of Flatiron Health
We’re already putting this funding to good use by hiring new members to our technology team, including several new full-time data scientists at our Palo Alto HQ and other new team members in our Denver office.
What is Business Water?
We are using this as an opportunity to initially focus our platform on manufacturers with a critical reliance on water in their processes. We have termed it “Business Water”.
Business Water is the use of critical resources to manage water in industrial operations, and it’s quickly becoming one of the biggest challenges in the manufacturing industry. By applying the power of AI, we are doing our part to help alleviate the impending water crisis facing industries worldwide.
By unlocking insights from existing data sources in real-time and predicting what’s coming up next, the Plutoshift platform provides a holistic view of key performance metrics and resources that impact the bottom line of industrial businesses.
From food and beverage manufacturers to energy and chemical producers, the potential opportunities for cost savings through GROUNDED AI are limitless. It extends to just about any company that relies on industrial processes to produce its final output.
While we’re taking a moment to celebrate this achievement in our company’s history, we’re getting right back to work to help companies realize the value in their data. Schedule a time to view our demo, and we’d be happy to show you the Plutoshift advantage in action.