Andium builds an end-to-end Industrial Internet of Things (IIoT) platform for remote-field monitoring and communications, focused on delivering real-time, verifiable emissions data and ESG monitoring. The solution is designed to help customers reduce emissions, improve safety, and boost operational efficiency. Led by CEO and Founder Jory Schwach, the company targets consequential markets, notably oil and gas basins. Andium plans to use new funding to accelerate global expansion and scale operations across U.S. and Middle Eastern oil and gas basins. Financially, the company has raised more than $40M to date, including a $15M Series A in 2021 and the recent Series B. The platform and strategy emphasize data-driven operational and environmental improvements for industrial customers. Andium builds Industrial IoT remote-field monitoring and communications solutions using a novel end-to-end operating system that delivers verifiable, real-time information from remote oil-and-gas locations at a fraction of the cost of other solutions. Its product suite includes proprietary Video Solutions for flare monitoring, tank telemetry, and object detection. The company emphasizes lowering the barrier to entry for operators by offering lower-cost, flexible monitoring that supports ESG and emissions-reduction goals. Andium says its technology turns monitoring into an automated, digital process to improve operational efficiency and sustainability outcomes. The new capital will be used to drive product growth and innovation, invest in talent, and accelerate deployment of its Video Solutions lines. Andium framed the funding as enabling partners to decarbonize through digitalization while delivering strong returns via operational efficiencies.

Total raised

$37M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2024