Guidewheel raises $31M Series B to scale AI-powered FactoryOps across factory floors globally

Guidewheel, the leader in AI-powered FactoryOps, raised an oversubscribed $31 million Series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek. Ecolab, Rethink Impact, and GSBackers also participated in this round, alongside existing investors Greycroft and Breakthrough Energy Ventures (BEV), among others.

Guidewheel provides the first way to bring AI to the factory floor at scale—every machine, in every factory. Inspired by the universal truth that every machine on the factory floor uses power, Guidewheel starts with non-invasive sensors that simply clip like a smartwatch on the power draw of any machine to bring its real-time “heartbeat” into a connected, AI-powered FactoryOps platform. Guidewheel empowers teams to reduce lost production time, increase efficiency, and enhance performance over time, delivering fast, concrete ROI through its technology, with customers reporting an average of 41% more production from their existing assets.¹ Within the same FactoryOps platform, Guidewheel builds in all the tools manufacturers need to track and manage energy and carbon towards sustainability goals.

“A new industrial revolution is taking place that will reshape not only manufacturing processes, but entire business models—and the importance of manufacturing has never been clearer,” said Lauren Dunford, Co-founder and CEO of Guidewheel. “Equipment in factories often lasts for decades, and a significant number of machines are not yet even connected to the cloud. Historically, the only available solutions have been cost-prohibitive and require specialized skills. Guidewheel changes that by providing a fast, scalable solution that minimizes operational disruption to swiftly connect all machines—across all ages, makes, and models—at a fraction of the cost of competitive solutions.”

“We’re excited to support Guidewheel not just because their technology solves an important problem for manufacturers, but because they’ve found a way to build sustainability into the core of manufacturing operations,” said Dr. Meghan Sharp, Global Head and Chief Investment Officer of Decarbonization Partners. “By using Guidewheel to help manage their factory operations, customers can not only improve efficiency and reduce costs, but also reduce energy consumption and emissions.”