PALO ALTO, Calif.— November 2023 – Arch®, the leading provider of data and analytics for manufacturing operations, proudly announces successful additional funding with DI Technology, a Munich-based B2B technology investor with a focus on Industrial Tech and Enterprise SaaS, and Neotribe, a Silicon Valley venture capital firm investing in leading AI and data technologies. This investment not only bolsters Arch Systems’ position in the market but also marks a significant step toward accelerating Arch’s strategic expansion in Europe and globally.
DI Technology, a German-based venture capital firm focused on B2B technology is committed to investing in best-in-class solutions that support their shared vision of unlocking untapped factory capacity and addressing inefficiencies in manufacturing processes globally.
Torsten Kreindl, Founding and Managing Partner at DI Technology and former Deutsche Telekom Broadband CEO stated, “We are excited to partner with Arch Systems as we see billions lost annually worldwide due to underutilization of machinery and corresponding inefficiencies. Arch is the leading software company to identify those inefficiencies and automatically provide recommendations to increase capacity utilization and enhance OEE (overall equipment efficiency), eventually paying into higher profitability for production companies. We look forward to collaborating with Arch, especially expanding in the European market.”
Arch CEO, Andrew Scheuermann said, “We serve multiple customers and employ team members in more than five countries across Europe and the Middle East today. We are excited to make partnerships with more of the world’s top manufacturers as we continue our global expansion.”
Neotribe, a Silicon Valley-based (Calif., USA) firm that invests in leading data and AI technologies, joins DI Technology in the funding.
Nitin Chopra, Managing Director for Neotribe said, “Future-shaping innovations are the ones that seem impossible and alter how we perceive the world. Manufacturing is one of the greatest ecosystems to be transformed by the intersection of bits and atoms. Arch exemplifies both. There are massive economic and geopolitical shifts underway in manufacturing and Arch is bringing the right data and AI approach to help transform it.”
The additional funds from this investment round will be instrumental in further enhancing Arch Systems’ technological capabilities, expanding its team, and facilitating the company’s global market penetration.
About Arch
Arch has built the largest collaboration of industry domain experts working hand-in-hand with data scientists to constantly map new signals from the noisy data, adding them to the ever-growing library of actionable insights. These insights are changing how manufacturers tackle their most complex problems, allowing them to simplify and align actions from the shop floor and the top floor. The ArchFX Platform provides the machine connectivity, data management, and advanced insights needed to achieve digital transformation across the manufacturing organization. For more information, visit archsys.io.
About DI Technology
DI Technology is a Munich-based B2B technology investor with a focus on Industrial Tech and Enterprise SaaS. DI Technology invests in B2B tech companies that solve fundamental customer problems using cutting-edge technology and have already been validated by first market traction. Through its unparalleled access to decision-makers and C-level executives of enterprises in Europe, DI Technology supports its portfolio companies to accelerate growth. It combines long-standing B2B tech investment expertise with strong value-creation capabilities. DI Technology is part of Deutsche Invest, an entrepreneurial alternative asset management platform with over EUR 4.0 bn in assets under management. The platform enables facilitating larger growth rounds beyond the fund investments to support its portfolio companies all the way through. To learn more, visit www.dit.vc.
About Neotribe
Neotribe Ventures focuses on strategic investments in early to growth-stage companies developing breakthrough technologies that stretch the imagination. Founded in 2017, the firm manages nearly $450 million in assets across three funds and has invested in a diverse set of companies including computational biology, enterprise security, blockchain technologies, cleantech, and more. Just as tribes represent small, protective, and caring groups, Neotribe believes that startups with innovative and aspirational teams thrive if provided the security and backing to be unafraid in the pursuit of new ideas, excellence, and success. To learn more, visit www.neotribe.vc.
Contacts
Arch Systems
Jennifer Davis
media@archsys.io