Trending...
- OneVizion Launches Vera AI, Bringing Connected Operational Context to Infrastructure Teams
- Applicants Sought for the Tacoma Arts Commission and the Tacoma Creates Advisory Board
- Intelligence Daily Features Veteran Hollywood Producer Kirk Shaw On AI And The Future Of Entertainment
Major Investment from Cofounders Capital and IES Holdings will allow Automation Intellect to scale its platform faster and further expand its sales footprint
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
"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
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
"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
- Mach One Reports Launches Voice-First Software That Builds Inspection Reports On Site
- Building a Diversified Healthcare Platform as Exosome Science, Telehealth, Diagnostics & Strategic Acquisitions Converge: NexTel Medical (OTCID: MAJI)
- Most Indiana Plane Crashes Happen Away from the State's Major Airports
- L2 Aviation Welcomes Jason Marshall as Vice President of Sales and Business Development
- Mom Era, Still That Girl: Family Art Tees 25% Off
"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
- Fashion vs. Fascism - Because Democracy Should Always Be In Style
- Lee Gunn IV Shares Lessons From 40 Years in the Courtroom on PodNumbra Podcast
- Michael H. Kaplan Recognized for 17 Years on PHPA Workers' Compensation Panel and Advocacy for Professional Athletes
- City of Spokane Announces New Tools, Resources to Support Fire Recovery and Rebuilding
- Tacoma Residents Invited to Turn Recycled Glass Into Art Through New Pilot Program
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
Source: Automation Intellect
Filed Under: Technology
0 Comments
Latest on Washingtoner
- Bettingbladet releases H1 2026 report on the Swedish online gambling market
- Garage door installation or repair in Minnesota? Which makes more sense for your family?
- Tacoma: Application for 2027 Community Arts Projects Funding Now Available
- Haven Treatment Center Now In-Network Partnership with ComPsych, Expanding Access to Youth Health
- Tacoma: OMWBE Certification 201 Workshop on September 28
- Super Rooter Expands to 190 Plumbing, Sewer, and Drain Service Locations Across the United States
- European Patent for ALS Program Expands the Story: HOPE Deploys Robotic TMS & FDA Commercialization Path Advances: NRx Pharmaceuticals: NAS DAQ: NRXP
- VICTURY Sports Announces Formation of Youth Sports League Built on the Official, Patented, and Award-Winning Keepy Uppy® Ball
- Congressman Chuck Edwards (NC-11) Presents ReadyCommunities Partnership 2026 National Service Award to Local Businessman / US Air Force Veteran
- Cress Creeks Farm Opens Fall Corn Maze and Baby Lamb Hayride Experience in Ellijay, Georgia
- Allstream Energy Partners Nominated in Multiple Categories for Fast Company's Best Workplaces for Innovators
- Pebble Photo Booths Brings Modern Photo Experiences to Vancouver, Washington
- Spokane: Flags at Half-Staff in Remembrance of 9/11 Victims
- Haven Treatment Center Now In-Network with First Choice, Expanding Access to Youth Health
- Kerri Lawless Introduces New Home-Selling Option for Local Homeowners
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
- City of Spokane Launches 'Emergency Streets' Pilot Program
- Spokane: City Seeks Feedback on Future Land Use Map
- Shelter Structures America makes European debut at TEMPOR EXPO 2026 in Fulda, Germany
