Factbird offers a hardware-enabled manufacturing intelligence platform with applications including Production Insights, Connected Operations, and Knowledge Excellence for production monitoring, digitised operations, and workforce training. Since 2016, manufacturers worldwide have used Factbird, with deployments across 40 countries and offices in Denmark and the US. The company serves more than 300 customers, including global blue-chip manufacturers, and reports customers see an average 19% productivity increase within the first three months and multi-million-dollar improvements in some cases. Factbird’s solutions are positioned to improve productivity, reduce downtime and waste, and provide high returns on investment for customers. Following the majority investment by Verdane, the company plans to further develop its product offering and expand its market presence globally. The funding round involved existing investors Expedition Growth Capital and EIFO significantly reinvesting alongside Verdane.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2023