HighByte is a Portland, ME-based industrial software company that develops the HighByte Intelligence Hub, an Industrial DataOps solution that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. The Intelligence Hub was first released in 2020 and has been deployed in 18 countries by more than 60 industrial companies with multi-plant facilities. Led by CEO Tony Paine, the company plans to use new funding to invest in research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts. The $12M Series A financing provides capital to support those initiatives and to expand global partnerships and talent recruitment. Management characterized the investment as validation of the company's mission and essential for the next stage of growth. Ben Sampson of Standard Investments will join HighByte's board of directors. HighByte develops an Industrial DataOps product, HighByte Intelligence Hub, that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. The company targets manufacturers across verticals—pharmaceuticals, food and beverage, paper and packaging, and industrial products—and says it has proven product-market fit in the past 12 months. HighByte reports deployments in 10 countries by dozens of major manufacturers with multi-plant facilities, and its product was first released in January 2020. The company plans to allocate new funds to R&D, sales, marketing, and customer success to accelerate market penetration and expand deployments within existing accounts. HighByte positions its software to drive industrial operations effectiveness by delivering trusted, ready-to-use data for sites and enterprise-wide operations. The company is headquartered in Portland, Maine. HighByte builds a DataOps solution purpose-built for industrial environments, targeting data architecture and security challenges created by Industry 4.0 at the Edge. The product is designed to manage assets, products, and processes at the Edge to improve industrial data flows and security. The company was co-founded by John Harrington, Tony Paine and Torey Penrod-Cambra and is based in Portland, Maine. Prior to this round, HighByte was funded through founder contributions and received $100K in grants from the Maine Technology Institute. In March 2020 HighByte raised $875K in pre-seed funding, structured as $625K in convertible debt matched by a $250K long-term, low-interest loan from the Maine Technology Institute. The company plans to use the funds for business development and to add R&D headcount in 2020.

Total raised

$16M

Funding rounds

4

Latest round

Series A

Latest activity

Apr 2024