• GoExpedi

  Participated · Series C · Sep 2020

  GoExpedi operates an online e-commerce platform and end-to-end suite of applications that catalogs and provides more than 200,000 critical parts and supplies with transparency on price, supplier choice and availability. The platform includes an interactive dashboard with advanced spending reports, product tracking, and risk management tools to reduce costs and unplanned downtime. Led by CEO Tim Neal, the company combines machine learning software, robotics and advanced analytics to improve procurement and supply-chain visibility. GoExpedi plans to use new capital to accelerate development and scale of those machine learning, robotics and analytics capabilities and to deepen its pool of industry and technical talent. Its product focus is on spending transparency and operational efficiency for industrial and energy maintenance, repair and operations (MRO). GoExpedi operates an online e-commerce platform and analytics-driven supply chain for industrial and energy MRO procurement, offering price, supplier choice and availability transparency across more than 200,000 SKUs. The company emphasizes technology across its operations, including last-mile fulfillment and accurate tracking, and typically delivers parts at about 25% lower cost than established players. GoExpedi serves a diversified portfolio of more than 20 customers, including two of the top five companies in oil and gas. The business model combines software, logistics and supplier relationships to reduce errors and operational costs for customers. To meet accelerated demand the company plans to expand warehouse capacity across North America and hire additional software developers, and says it is expanding to serve customers globally. GoExpedi operates an e-commerce platform and analytics-driven supply chain for industrial and energy MRO, offering more than 200,000 critical parts with transparent pricing, supplier choice and availability. The platform is designed to deliver fast, error-free MRO at significantly lower cost than traditional providers. The company fulfills last-mile transport and provides accurate tracking, and it claims typical part delivery costs about 25% below established players. GoExpedi serves a diversified portfolio of over 20 customers, including two of the top five US drilling contractors, and has signed several major customers since its Series A in January 2019. Launched in 2017 and based in Houston, Texas, the company plans to accelerate geographic expansion across North America and globally and expand from land drilling into offshore, midstream and downstream markets. GoExpedi recently raised $25 million in Series B funding to build out its technology platform and support that expansion. GoExpedi operates an online e-commerce platform that supplies procurement, supply-chain and analytics for industrial and energy MRO customers, offering transparency on price, supplier choice, availability and accurate tracking. The platform provides access to over 200,000 critical parts and supplies. The company serves a diversified portfolio of more than 20 customers, including one of the top three drilling contractors in the U.S. GoExpedi was launched in 2017 by Tim Neal and is based in Houston, Texas. It intends to use new funding to expand its geographical presence within the U.S. and offshore and to build out its technology platform and analytic capabilities. Product development plans include creating a real-time dashboard to enable predictive work in addition to reactive maintenance. Expedi is a Houston, TX–based provider of an online procurement platform that offers rapid delivery of critical parts to keep rigs operating 24/7. The platform provides over 200,000 critical parts and supplies and offers transparency on price, supplier choice and availability through its website. Led by CEO Tim Neal, Expedi is initially focused on North American oil producers. The company raised $2.25M in seed funding. Backers included Bowery Capital, Blue Bear Capital and several angel and industry investors. Expedi will use the funds to continue to expand operations.

• Machfu

  Led · Series A · Dec 2019

  Machfu provides an Edge Intelligence Platform that connects data at the edge to cloud and enterprise systems for Industrial IoT. Its products enable end-to-end integration between legacy assets and sensors and cloud or legacy head-end systems, with emphasis on state-of-the-art security and standards-based network connectivity. The platform is designed to speed new application development and to be deployed and scaled quickly across existing industrial infrastructure. Company leadership says Machfu has solved key IIoT barriers including security and the diversity of legacy protocols and interfaces. The firm plans to use new capital to accelerate traction in Smart Grid and Oil & Gas markets and to expand its industrial footprint. Machfu recently closed a $3.75 million Series A led by CSL Ventures, and CSL’s Abhinav Jain joined the company’s board. Machfu is an Industrial Internet of Things (IoT) company based in Germantown, Md. Its technology helps organizations integrate sensors, controllers and other devices into their systems. The company focuses on Industrial IoT applications for infrastructure and utilities. Machfu reported its first institutional financing, raising $1.6 million. With the funding, the company plans to expand in Smart Water and Smart Grid markets and to enter the oil and gas sector.

No current team members are available.