HighByte: Industrial Software Company Secures $12M in Series A Funding
April 25, 2024, 3:32 am
HighByte, a Portland, ME-based industrial software company, has successfully raised $12M in Series A funding. The round was led by Standard Investments, with participation from existing investors like Exposition Ventures and Maine Venture Fund. Ben Sampson from Standard Investments will now join the HighByte Board of Directors.
HighByte specializes in Industrial DataOps software, specifically their solution, HighByte Intelligence Hub. This software allows manufacturers to seamlessly manage industrial data without the need for coding. Since its launch in 2020, HighByte Intelligence Hub has been adopted by over 60 industrial companies in 18 countries.
CEO Tony Paine expressed excitement about the funding, stating that it will support the company's growth, global partnerships, and talent recruitment. This investment validates HighByte's mission and will propel them into the next phase of expansion.
With a strong focus on research and development, strategic partner management, and customer success, HighByte aims to accelerate market penetration and enhance deployments within existing accounts. The company's success in tripling ARR for three consecutive years showcases their product-market fit and readiness for further growth.
HighByte's commitment to innovation, agility, and market responsiveness sets them apart in the industrial software landscape. The funding secured in this Series A round will undoubtedly fuel their journey towards continued success and industry leadership.
HighByte specializes in Industrial DataOps software, specifically their solution, HighByte Intelligence Hub. This software allows manufacturers to seamlessly manage industrial data without the need for coding. Since its launch in 2020, HighByte Intelligence Hub has been adopted by over 60 industrial companies in 18 countries.
CEO Tony Paine expressed excitement about the funding, stating that it will support the company's growth, global partnerships, and talent recruitment. This investment validates HighByte's mission and will propel them into the next phase of expansion.
With a strong focus on research and development, strategic partner management, and customer success, HighByte aims to accelerate market penetration and enhance deployments within existing accounts. The company's success in tripling ARR for three consecutive years showcases their product-market fit and readiness for further growth.
HighByte's commitment to innovation, agility, and market responsiveness sets them apart in the industrial software landscape. The funding secured in this Series A round will undoubtedly fuel their journey towards continued success and industry leadership.