Raven.ai Raises $12 Million USD and Completes Series A Financing
Raven, a leading provider of data contextualization software for frontline operations, announced today the successful completion of its Series A funding round, completing $12 million USD ($16M CAD) equity financing. The round was led by Momenta Ventures and Chartline Capital Partners with participation from Celtic House Venture Partners and Export Development Canada as well as continued support from prominent angel investors.
Raven is the only solution that combines and analyzes operator input and machine data to provide a clear timeline of all production states and losses — with context for everything that’s happening on the line, 100% of the time. Leading manufacturers in the Discrete, Life Sciences and Food and Beverage industries are using Raven’s solution to empower frontline, engineering and management teams to make confident, fact-driven productivity improvements on the shop floor. “Raven provides visibility we’d otherwise be guessing at,” said Justin Brennan, Director of Operational Excellence at Renaissance Lakewood.