HighByte Secures $12M Series A to Drive Innovation in Industrial Software

HighByte, Inc., a Portland-based industrial software company, has announced a significant milestone with the closure of a $12 million Series A funding round led by Standard Investments. This injection of capital is earmarked primarily for research and development efforts, strategic partner management, and customer success initiatives aimed at accelerating market penetration and expanding deployments within existing accounts.

The company’s Industrial DataOps platform, HighByte Intelligence Hub, facilitates the seamless collection, analysis, and application of industrial data, offering manufacturers a transformative solution to improve physical operations. This approach is becoming increasingly crucial as top-performing manufacturers grapple with mounting data complexity and the need for enhanced efficiency and security throughout their operations and supply chains.

HighByte’s CEO, Tony Paine, expressed confidence in the company’s trajectory, citing a tripling of ARR in 2023 and a strong product-market fit across various vertical markets. With plans to further invest in the business to meet growing customer demand and expand global partnerships, HighByte aims to remain at the forefront of innovation in industrial software.

Founded in 2018 by a team with over 50 years of combined experience in industrial data, HighByte has quickly garnered attention for its pioneering approach to Industrial DataOps. The company’s success underscores the growing demand for solutions that streamline data architecture and integration challenges in the era of Industry 4.0.

The partnership with Standard Investments, known for its focus on investing in companies shaping the industrial world through technology, is expected to propel HighByte into its next phase of growth. With a commitment to innovation and a deep understanding of industrial challenges, HighByte is poised to continue driving advancements in industrial software and contributing to the evolution of Industry 4.0.

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