Pico MES Announces $12M Series A to Boost American Manufacturing for Mid-sized Factories & Build a Connected Supply Chain
Retrieved on:
Tuesday, August 22, 2023
SAN FRANCISCO, Aug. 22, 2023 /PRNewswire/ -- Pico MES, a software company that is enabling digital transformation for small to medium-sized American factories, today announced a $12.35M Series A investment led by Bosch Ventures and joined by new investors from Counterpart Ventures and Momenta. Existing investors Lemnos, Congruent Ventures, Union Labs, and SE Ventures participated in the round as well. Since its founding in 2019, Pico MES has integrated 10,000 processes into digital data streams from over 700 workstations and connected over 1,900 devices to its platform.
Key Points:
- Since its founding in 2019, Pico MES has integrated 10,000 processes into digital data streams from over 700 workstations and connected over 1,900 devices to its platform.
- Pico MES connects these factories with their OEM customers, enabling visibility up and down the supply chain and creating a new level of efficiency gains for all."
- The founding team recognized most inefficiencies were due to poor access to data and created Pico MES as a mid-market manufacturing execution system.
- This new round of funding will help expand Pico MES' solution to more factories and advance its vision of creating connected supply chains for American manufacturing.