Israeli production software start-up LeaderMES has raised $5m (€4.1m) to expand its international marketing effect.
The new round of financing, led by Israeli venture capital fund Firstime, will aim to help step up the company’s international marketing efforts, technological development and recruitment of personnel, the Haifa-based company said 23 April.
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.
“LeaderMES makes it simple for manufacturers to digitally transform their plants and take them into the Fourth Industrial Revolution,” said founder and CEO Amir Aloni.
“With this innovative set of tools, manufacturing staff are empowered to streamline their operations and improve their performance by 10% within the first month of implementation and 30% to 40% over the long term,” Aloni added.
LeaderMES allows factory managers to monitor in real-time the efficiency of their procedures and improve resources.
According to Aloni, the platform can play a huge role in helping small and medium-sized companies to identify and correct processes.
“[It] 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,” Aloni added.