Insight Partners
Canvas Category Consultancy : Company : Private Equity
ScaleUps are on the most difficult part of their journey: turning initial viability into exponential growth and long-term success. A decision can mean flight or free fall. That’s where a trusted partner comes in. For over 25 years we’ve partnered with the world’s leading software ScaleUps, providing the capital, operating guidance, and expansive network companies need to propel growth for the long term – and soar.
Assembly Line
Bluewhite Raises $39M to Bring Sustainable Autonomous Innovation to Farms Worldwide
Bluewhite, the agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming, announced that it secured $39M in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. Existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round. The company, which already works with more than 20 of the leading permanent crop growers in the US, will use the funds to further scale its agricultural autonomous tractor and farming solutions, and expand into new markets worldwide based on its successful track record.
Bluewhite combines hardware and software into a single solution, allowing for completely remote fleet and data management. The company’s Pathfinder product is retrofitted onto any tractor and leverages computer vision, AI, and smart implements integration to navigate and execute multiple tasks autonomously, from crop seeding and spraying to mowing and harvesting, even in challenging conditions. Compass, the software-as-a-service (SaaS) component of Bluewhite’s solution, collects data from the field, analyzes it using advanced AI algorithms, and provides real-time dashboards, reports and insights, ensuring maximum efficiency across farm operations on any device.
weavix® Secures $23.6 Million in Series B Funding
weavix, the Wichita-based technology firm specializing in frontline communication and efficiency solutions, announced today it has successfully raised $23.6 million in its latest Series B funding round. The investment was led by global software investor Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. As strategic partners and leaders in the industrial world, they now join Koch Disruptive Technologies, which previously invested $10 million in Series A funding in January 2022.
With this new funding, weavix intends to expand its product offerings and strengthen its market presence in industries such as manufacturing, construction, food and beverage production, hospitality, and energy. The funds raised will be primarily allocated to rapidly scale operations across the United States to meet demand and secure the position as the leading frontline worker platform benefiting the hands-on workforce through employee communication to drive engagement, enablement, and retainment.
AI-Driven Grid Resilience firm, Prisma Photonics secures approximately $20 Million
Prisma Photonics, the dynamic, AI-driven startup that monitors large-scale infrastructure, such as power grids, announced today that it raised approximately $20M in a Series C round led by New York-based global private equity and venture capital firm Insight Partners, with participation from Elements, a Climatech fund, SE Ventures (Schneider Electric’s venture capital arm), Future Energy Ventures (the venture capital investment and collaboration platform of E.ON), Chione Switzerland, and INcapital.
The investment will accelerate the company’s break into the global power and renewable energy market while supporting its continued growth. This round brings the total funding raised by Prisma Photonics to over $50 million. The company’s earlier investors include Israel Electric Corporation, Israel Natural Gas Lines, and i3 Equity Partners.
WINT announces $35 million Series C funding round
WINT Water Intelligence, the leader in cutting-edge water management and leak-prevention solutions for construction, commercial, residential and industrial applications, has completed a $35 million Series C funding round to drive continued growth and innovation in AI- and IoT-based solutions for managing water and mitigating water damage throughout a building’s lifecycle.
The round was co-led by Inven Capital, a leading European climate tech fund, and global software investor Insight Partners, which also led WINT’s B round. The round was joined by Taronga Ventures, one of the world’s leading real asset technology investors, and other prop-tech and construction-tech investors, providing WINT strategic access to new markets.
⚙️ SPARETECH secures Series A funding led by US-based Insight Partners to fuel international expansion
SPARETECH, the leading data platform for industrial spare parts, raised €10M in a Series A investment round led by New York-based software investor Insight Partners with participation from Headline and existing investors to scale internationally. Founded in 2018 by Martin Weber and Dr. Lukas Biedermann, former Porsche engineers, our solution answers the supply chain crisis with automated spare parts management processes, reducing manufacturers’ downtimes, costs, and CO2 emissions.
Announcing Shift5’s Series B Funding
We announce our $50M Series B round of funding. Insight Partners is leading the round, and we’re thrilled to announce that Nick Sinai, Senior Adviser at Insight will join our board.
At Shift5, our mission is to defend planes, trains, and weapon systems against cyber-physical risks. Insight’s participation is a force multiplier on our work defending this sector of critical infrastructure, and with this capital, we will grow our team, focus on our product, and continue our work defending commercial transportation and defense markets. This funding validates the risk we see emerging in cyber-physical attacks against infrastructure, and validates Shift5’s role leading the market.
Software Defined Automation Fuels Growth Through $10M Seed Round Led by Insight Partners
Software Defined Automation, a leading innovator turning factories into software systems, announced it has raised $10 million in a seed round led by global software investor Insight Partners, with additional investment from Baukunst VC, Fly Ventures, and First Momentum. The funds will be used to scale customer adoption and extend its solution portfolio.
Software Defined Automation revolutionizes factory automation with an Industrial-Control-as-a-Service offering. Industrial-Control-as-a-Service (ICaaS) is centered around cloud-based management of existing PLCs (TechOps), Git-enabled PLC code versioning and collaboration (DevOps), as well as virtualization of PLCs on edge servers (Virtual PLC). In combination, these technologies have the power to break down proprietary silos in control technology stacks and enable API-based modern microservices architecture. This new paradigm transforms the daily lives of automation professionals by bringing remote work, cloud security, resilience, collaboration tools and independence from proprietary automation vendor hardware to the modern factory.
SimScale raises €25M for its SaaS engineering simulation platform from Insight Partners, Draper Esprit, others
David Heiny, co-founder and CEO of SimScale, explains, “Our vision is to make engineering simulation a standard tool in every engineer’s tool kit, and accessible early in the design stage, throughout the entire R&D cycle, and across teams, applications and industries. With hundreds of thousands of users and millions of simulation jobs carried out, we’ve made significant progress towards it in recent years.”
However, Heiny continues, “there are still entire industry sectors that we haven’t started addressing yet, and billions of dollars in CAE market value left untapped. This additional investment allows us to double-down on our strategy and accelerate our pace at which we extend SimScale’s offering.”
Tulip Interfaces Announces $100M Series C Led by Insight Partners to Help Frontline Industries Bring Their Operations to the Cloud
Tulip Interfaces announced today that it has raised $100 million in Series C funding led by New York-based global private equity and venture capital firm, Insight Partners. New investors Pitango Growth and Marc Benioff’s TIME Ventures joined the round, as well as existing investors DMG MORI, NEA, and Vertex Ventures US.
With Series C funding, Tulip plans to expand its international operations to better support its hundreds of global enterprise customers like Terex, Delta Faucet, and Outset Medical; spanning more than 35 countries. Tulip intends to double its headcount, expanding operations in Boston, Munich, and Budapest; and establish a new APAC HQ in early 2022. The company plans to invest in new product features, and further apply AI and data science features to commonly used customer workflows. Tulip will dedicate additional resources towards its growing user community and Frontline Operations Marketplace.
Seeq Announces $50 million Series C Funding Round led by Insight Partners
Seeq Corporation, a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, announced today it has closed a $50 million Series C funding round, led by global venture capital and private equity firm Insight Partners. The round includes participation from existing investors Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners. This round brings Seeq’s total funding since inception to approximately $115 million.
Seeq’s rapid growth is being fueled in part by its partnerships and commitment to cloud-based computing. Seeq is available in the AWS Marketplace and is an AWS Industrial Competency Partner. On Azure, Seeq has been available in the Azure Marketplace since 2019 and was recently recognized as a 2020 Microsoft Energy Partner of the Year Finalist. In addition to cloud partnerships, Seeq connects to an extensive set of automation vendor data storage platforms for on premise engagements including OSIsoft, Siemens, GE, Honeywell, Emerson Automation Solutions, Inductive Automation, AVEVA, AspenTech, Yokogawa, and others.