Automation Intellect Closes a Major Funding Round
Washingtoner/10137293

CHARLOTTE, N.C. - Washingtoner -- Automation Intellect, a cloud-based Software as a Service (SaaS) company that provides a machine performance analytics platform for manufacturing companies, is excited to announce that it has closed a major funding round. This major investment was led by current investor Cofounders Capital with significant participation from IES Holdings, a publicly traded communications and infrastructure company and the only new investor in this round. The strategic engagement of IES along with the ongoing support from Cofounders Capital will allow Automation Intellect to leverage both organizations to scale its platform faster and further expand its sales footprint. Automation Intellect is led by Chief Executive Officer, Brad DeMarco, and Chief Technology Officer, Kurt Lueck.

"If you walked into most manufacturing plants today, you would feel like you stepped back in time. Manufacturing leaders are working with very limited information. The only way manufacturers can stay competitive in this resource-constrained environment is to implement an impactful digital strategy. Investments from visionary companies like Cofounders and IES Holdings will allow us to continue to fundamentally impact the manufacturing world." said Brad DeMarco, co-founder and CEO of Automation Intellect.

More on Washingtoner

• RAS AP Consulting Signals Growth of Managed AP Governance With Digital Expansion, Pipeline Activation, and Trademark Filing Ahead of Esker All Access
• Applicants Sought for Tacoma Public Library Board of Trustees
• TBM Council Releases Guide on Strategic Portfolio Management Execution
• Vegan Kingz Unveils Upgraded Digital Platform to Streamline Commercial Foodservice & Wholesale Ordering
• Statement from Tacoma Mayor Anders Ibsen on Fred Meyer Closure

"We feel strongly that Automation Intellect has the right product and approach for this space. Their team and product are extremely compelling and we are excited to continue to expand our investment." said David Gardner from Cofounders Capital.

Matt Simmes, President of IES Communications, added, "We are excited to partner with Brad and the rest of the Automation Intellect team. Not only will IES Communications provide value as an installation partner as we expand our service offering into the Industry 4.0 space, but we believe that our two companies will mutually benefit from cross-selling opportunities with our respective customers."

About Cofounders Capital
Cofounders Capital is an early-stage seed fund focused on B2B software ventures in NC and throughout the Southeast. Created in 2015, Cofounders Capital is now investing out of its second $31M fund. Cofounders Capital is managed by serially successful entrepreneurs, David Gardner and his partners, Tim McLoughlin and Tobi Walter with a team of over ninety advisers and volunteer mentors who are investors in the fund, eager to support entrepreneurship in NC and to help Cofounders portfolio companies and entrepreneurs succeed.

More on Washingtoner

• Steve Thompson Launches StickyHealth to Tackle the Retention Gap in the Growing GLP 1 Market
• Spokane: City Closures Planned for Labor Day
• Qscription Technologies Appoints Dr. Kimberly Beavers as Founding Clinical Advisor
• When Hope Feels Gone, Death2life Is Still Here!
• Sebastian Stroeller Publishes "The MAP Language Canon" — The Complete Practitioner's Guide to Structural Conversation

About IES Holdings, Inc.
IES is a holding company that owns and manages operating subsidiaries that design and install integrated electrical and technology systems and provide infrastructure products and services to a variety of end markets. Our more than 6,000 employees serve clients across the United States. For more information about IES, please visit www.ies-co.com

About Automation Intellect
Automation Intellect is a cloud-based SaaS company that provides a machine performance analytics platform for manufacturing companies. The platform collects and monitors machine data, providing companies with valuable insights that improve machine performance. Headquartered in Charlotte, N.C., Automation Intellect was founded in 2016 by Brad DeMarco, Kurt Lueck and Bruce Wilkinson. For more information about Automation Intellect, please visit www.automationintellect.com