Palo Alto California based Arch Systems is raising $15,999,988.00 in New Equity Investment.
Palo Alto, CA – According to filings with the U.S. Securities and Exchange Commission, Arch Systems is raising $15,999,988.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Andrew Scheuermann played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Arch Systems
Arch builds modular connected systems that free data trapped in factories, equipment, and in the world around us. Accessing this data allows companies to measure, understand, and optimize their resources and leads to a more connected and sustainable Earth. Arch Systems is an Industrial IoT company originally out of Stanford University. We specialize in connecting manufacturing equipment to the cloud. Our technology makes it easy to retrofit both new and legacy machines, across vendor types and models, to extract data and transform it into insights. This solution is particularly ideal where you have a mix of machines and people with manual and semi-manual operations. Machine utilization (up time vs down time), performance (counting every piece, counting operations and validating patterns, etc.), anomaly detection, and predictive maintenance are all available. Arch can be the cornerstone of a new Industry 4.0 solution, or we can integrate this data with in-house systems to accelerate existing Industry 4.0 or automation initiatives.
To learn more about Arch Systems, visit http://archsys.io/
Contact:
Andrew Scheuermann, Chief Executive Officer
650-485-1606
ascheuermann@archsys.io
https://www.linkedin.com/in/andrewscheuermann/
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