The Venture Codex Logo

The Venture Codex

Instrumental

429 N Pennsylvania St, Indianapolis, IN, 46204, United States

Overview

Instrumental provides a cloud platform that serves as an AI-enabled backbone for companies optimizing manufacturing processes, using automated technology to detect defects, identify root causes, and deliver actionable insights to global teams. The company’s platform targets core infrastructure needs for hardware manufacturers and is used by brands including Axon, Bose, Cisco Meraki, Honeywell, and SolarEdge. Led by CEO Anna-Katrina Shedletsky, Instrumental focuses on accelerating time-to-market, improving yields, eliminating rework, and saving engineering time. The company intends to expand research and development for new products and to hire in engineering and go-to-market teams. The article does not disclose revenue or user metrics. Instrumental is headquartered in Palo Alto, California. Instrumental offers a hybrid hardware-plus-software system that installs camera units on manufacturing lines and uses learning software to detect anomalies from small sample sets. Its software runs on commodity hardware and can train with as few as 30 units, with on-site processing for facilities with limited internet. The company sells two products—one for lines in development and one for production—and uses a “continuous sale” pricing model that lets revenue ramp with production volume. CEO Anna-Katrina Shedletsky says customers identify design, quality, and process issues weeks faster, improving yields and lowering production costs. Instrumental plans to expand its business in the electronics manufacturing sector, build out go-to-market capabilities, and continue developing its core technology. Financially, the company announced a $20M Series B and had previously raised $10.3M across two rounds, including a $7.5M Series A in mid-2017.

Total raised
$70M
Funding rounds
2
Latest round
Series C
Latest activity
Feb 2022

Industries

  • Apps
  • Information Technology
  • Software
Visit website

Recent funding

  1. Series C

    Feb 2022

    $50M

  2. Series B

    Jul 2020

    $20M

Team

No current team members are available.