Arundo Analytics Raises $25 Million

Arundo Analytics announced today an initial closing of $25 million on its Series A financing round. Several leading investors participated in the round, including Sundt AS, Stokke Industri, Horizon, Canica, Strømstangen and Arctic Fund Management. Existing investors Stanford-StartX Fund and Northgate Partners also participated.

Arundo Analytics aims to help industrial companies use machine learning effectively. The company has created cloud-based, edge-enabled software purpose-built for deep industrial data science and advanced analytics. It also offers machine learning applications in areas such as equipment monitoring and sensor anomaly detection.

Arundo plans to use the funds to expand sales and marketing efforts in asset-heavy industries, as well as to continue to build its team of software engineers and data scientists in Houston, Palo Alto and Oslo, Norway.