Oden Technologies
Oden Technologies provides AI-driven software solutions for the manufacturing industry, focusing on empowering front-line operators with real-time, actionable recommendations to optimize production. Their core product, Process AI, transforms inexperienced operators into high performers by delivering precise information when needed. The company's offerings include Data Engine for data collection and contextualization, Factory Analytics for industrial insights, and Oden Experience for rapid deployment. Oden aims to improve production rates, asset availability, and overall return on investment for manufacturers across sectors like Paper & Pulp, Wire & Cable, and Chemicals, Inks, & Coatings. They claim customers see performance increases of over 40%.
Oden Technologies
Oden Technologies provides AI-driven software solutions for the manufacturing industry, focusing on empowering front-line operators with real-time, actionable recommendations to optimize production. Their core product, Process AI, transforms inexperienced operators into high performers by delivering precise information when needed. The company's offerings include Data Engine for data collection and contextualization, Factory Analytics for industrial insights, and Oden Experience for rapid deployment. Oden aims to improve production rates, asset availability, and overall return on investment for manufacturers across sectors like Paper & Pulp, Wire & Cable, and Chemicals, Inks, & Coatings. They claim customers see performance increases of over 40%.
TL;DR
Core offering: AI-driven cloud/edge analytics and real-time recommendations for manufacturing operators
Founded / HQ: Founded 2014; operates from New York (incorporated in London)
Recent financing: Series B reported April 2024 led by Nordstjernan Growth (~$28.5M)
Reported total funding: Approximately $58.65M (aggregate figure reported as $58,650,000)
Employee count (reported): 54
Company Overview
Problem Domain
Manufacturing operations optimization, process intelligence, and industrial IoT analytics
Founded
2014
Industry
Manufacturing software / Industrial IoT
Funding Track Record
5900000.00
Seed financing reported May 8, 2017; total seed reported at $5.9M with EQT Ventures, Inbox Capital, and LocalGlobe participating
10000000.00
Series A led by Atomico announced July 2, 2018; participation from EQT Ventures and Inbox Capital
28500000.00
Series B announced April 10, 2024; reported participants include Flat Capital, INX International Ink Co., and Recurring Capital Partners
Investor Signal
“Backed by prominent European and growth-stage investors including EQT Ventures, Atomico, and Nordstjernan Growth”