Software : Data & Analytics : Quality Assurance
Manufacturing is the largest industry in the world and 20% of every dollar spent is wasted. The waste comes from mistakes, experiments, scrap, rework, and field failures. While this has long been accepted as the cost of building, Instrumental believes teams can build better. Started by two ex-Apple mechanical engineers who spent years on the factory floor, Instrumental provides cutting-edge technology that enables engineers to not just stop problems at the end of the line, but to fix them up stream. Instrumental is used by the world’s most admired brands in consumer and industrial electronics electronics, appliances, and apparel.
The Future of Manufacturing: Data as Infrastructure
Modern manufacturers are deeply understanding that data is the critical infrastructure that will continue to transform their entire manufacturing process. Fifteen years ago, software engineers had a similar problem: they had to spend hours manually collating data across many servers and applications to get insight into their product performance. Today, software engineers have data infrastructure that enables them to immediately see a server is down or that an application is underperforming – and this is often some of the first tooling new organizations put into place.
While software engineering has embraced and operationalized data, manufacturing is still trying to harness the massive amount of data produced in building new products, while struggling to put it to use. A recent Instrumental survey found that 63 percent of engineers are still relying on manually compiled reports from factory partners to know what’s going on in their factories and that 2 in 3 aren’t satisfied with the access they have to their manufacturing data. There’s a clear demand and need for better data tools that give access to critical data.
Instrumental Secures $50m In Series C Funding To Expand Manufacturing Optimization Solutions
Instrumental Inc., the leader in manufacturing optimization software, today announced it closed $50 million in Series C financing, led by BAM Elevate, with Canaan, Root Ventures and Eclipse Ventures as return investors. Instrumental Inc. will use the funds to expand research and development for new products and make critical hires in engineering and go-to-market teams.
Industry 4.0 Solves The Billion-Dollar Misalignment Problem In Electronics Supply Chain
Electronics manufacturing loses billions of dollars every year due to misaligned incentives within the supply chain. These misalignments fester under the surface leading to suboptimal results: lower margins, late shipments, and lower trust relationships with suppliers.
But the most visionary supply chain and manufacturing leaders are realizing that Industry 4.0 and Smart Manufacturing technologies, traditionally billed as increasing productivity and increasing Overall Equipment Effectiveness (OEE) are a secret weapon they can use to drive cultural change that corrects these misalignments. They are pushing these technologies to do double-duty: driving both the core efficiency improvements and setting a new culture around them. By reevaluating the misaligned incentives that have developed in their supply chains over decades, these leaders are breaking the mold, empowering their employees, and driving results that are saving their companies tens of millions of dollars or more each year.
Instrumental Inc. raises $20M to close the loop on $1 Trillion of economic waste in electronics manufacturing
Instrumental Inc., creator of the manufacturing optimization software category, has secured $20 million in Series B financing to accelerate development of its manufacturing optimization platform. This first-of-its-kind solution enables hardware teams to accelerate time to market, reduce rework, derisk ramp, and increase yields by providing unprecedented real time remote visibility into assembly and product data.