Ndustrial is a technology company specializing in optimizing energy intensity for industrial facilities. It was founded in 2011 and is headquartered in Raleigh, North Carolina. The company was established by a group of founders including Jason Massey, with the mission to solve complex industrial challenges by reducing energy consumption and carbon emissions. Ndustrial has raised significant capital, including an $18.5 million Series B funding round in 2024 led by ABB and GS Energy. The company employs 42 people, and this number is expected to double, illustrating its rapid growth and expansion.
September 2024: Ndustrial announced the appointment of Laura MacLachlan as Chief People Officer to enhance its performance-based, people-centric approach. This move indicates the company's commitment to fostering a strong organizational culture and supporting its team for innovation and growth.
May 2024: The company secured an $18.5 million Series B funding round co-led by ABB and GS Energy. This injection of capital is aimed at expanding the company's reach in the U.S. and globally, enabling it to scale operations and continue to innovate in the energy management sector.
May 2024: Ndustrial was highlighted for its collaboration with Lineage Logistics, where it achieved a 30% reduction in energy costs and intensity, demonstrating its impactful real-world applications.
November 2023 - April 2024: Ndustrial has been featured in various industry reports that discuss trends in energy management, especially highlighting its innovative use of AI and real-time data analytics to improve industrial energy efficiency.
| Attribute | Information |
|---|---|
| Founding Date | 2011 |
| Headquarters | Raleigh, North Carolina |
| Founders | Jason Massey |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | ABB, GS Energy, Clean Energy Ventures |
| Industry | Energy Management, Industrial Optimization |
| Number of Employees | 42 (expected to double in the upcoming years) |
Ndustrial was founded in 2011 with the goal of improving energy efficiency within industrial facilities through technological innovation. Leveraging the founders' diverse backgrounds in Silicon Valley innovation, industrial engineering, and computer science, Ndustrial developed its real-time industrial intelligence platform. This platform integrates multiple systems to provide a comprehensive view of energy consumption, allowing companies to make smarter energy decisions. Ndustrial's early years were marked by collaborations with major clients like Lineage Logistics, helping them to significantly reduce their energy intensity and operational costs. These foundational partnerships established Ndustrial's reputation as an industry leader in energy optimization.
Ndustrial's business model focuses on optimizing energy intensity, leveraging a production-first approach. This strategy involves integrating data from over 60 different systems into a unified platform to enable real-time energy decision-making. Some of the company's major achievements include:
Ndustrial continues to consolidate its position in the energy management sector, focusing on industrial facilities with high energy demands. Its AI-powered platform provides actionable insights that help facilities reduce energy waste, save costs, and lower their carbon footprint. The company's competitive advantage lies in its comprehensive energy intensity platform that processes millions of data points daily, enabling detailed analytics and optimization. Ndustrial's strategic partnership with global giants like ABB not only provides financial support but also enhances its market reach and credibility.
Ndustrial has consistently demonstrated its significance in the energy management industry through sustained innovation and strategic partnerships. As the company continues to leverage AI and advanced analytics, it remains well-positioned to expand its influence across global industrial markets. With its ongoing investment in talent and technology, Ndustrial is poised for continued growth, contributing positively to the shift towards more sustainable industrial practices.