The round, led by Israeli venture capital fund Firstime, brings the total amount raised by the company to $5 million.
LeaderMES collects data from manufacturing equipment and transforms it into meaningful information that can be used to improve manufacturing processes through secured cloud technology and smart connected apps. Dashboards can be viewed on laptops, smartphones and tablets to provide actionable insight into factory, department and individual machine performance with recommendations to boost productivity and resource management.
“LeaderMES provides small and medium sized manufacturers the most advanced tools to help managers quickly identify and correct processes, leading to huge savings in machinery, energy and material costs,” said Aloni. “The platform can play a huge role in helping them adapt to a very competitive global economy and comply with industry requirements, while maintaining their workforce and protecting local jobs.”
“We are pleased with the opportunity to partner with LeaderMES in leading the digital revolution within the manufacturing sector,” said Firstime managing partner Nir Tarlovsky. “Introducing connectivity and IoT into manufacturing plants will make processes more efficient and reduce costs. LeaderMES’s technology has already been endorsed by numerous manufacturers and introduced tangible improvements to their productivity.”