Pico MES, a remote software company enabling digital transformation for small to medium-sized factories, received an investment from Momenta’s AIoT Ecosystem Fund, powered by Advantech, the world leader in digital industrial solutions.
Backers also included Robert Bosch Venture Capital, Counterpart Ventures, Lemnos, Congruent Ventures, Union Labs, and Schneider Electric Ventures. The amount of the deal was not disclosed.
The new funding will enable the company to expand its solution to more factories.
Led by Ryan Kuhlenbeck, Pico MES is digitizing the supply chain, providing small to medium-sized manufacturers in automotive, aerospace, and more, with a platform that connects tools and machines with workers, digitizes assembly lines, and provides real-time data analytics to drive continuous improvements.
The software’s open API allows integration with other essential systems on the shop floor.
FinSMEs
22/08/2023