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Oden Technologies Raises $10M to Bring Data Analytics to Manufacturing

Thursday, July 5, 2018

Oden Technologies, the Industrial IoT startup that provides manufacturing data analytics, has closed $10 million in Series A funding. Founded in London, but now based in New York, Oden Technologies pitches itself as an Industry 4.0 company that built its own industrial IoT hardware and big-data architecture to offer manufacturers a platform for analyzing and optimizing factory production via the cloud.

Put simply, the Oden device plugs into almost any kind of manufacturing machine, while its software adaptors integrate data from existing enterprise resource planning (ERP) systems and quality control software on the manufacturing line. This data, uploaded to Oden’s cloud analytics platform in real-time, gives manufacturers the full production picture, including real-time factory floor monitoring.

The retrofittable Oden device and resulting data analytics make the existing factory floor smarter by providing the ability to spot manufacturing defects or aspects of a machine’s degrading performance that could lead to defects, and more broadly, ways to optimize production throughput and uptime.

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