Thursday, January 25, 2018

Arundo Analytics Gains $25M

San Francisco-, Houston-, and Oslo-based Arundo Analytics, a startup developing software used for analytics in the heavy industry market, has scored $25M in a funding round, Arundo announced on Thursday morning. Arundo said the funding came from Sundt AS, Stokke Industri, Horizon, Canica, Stromstangen and Arctic Fund Management. Existing investors also participated, including Stanford-StartX Fund and Northgate Partners. Arundo Analytics said the funding will go towards global expansion. The company uses machine learning in heavy industry, and says it has now raised over $32.5M in total. More information »