Pulsar, an analytics startup, raised a $3.6M seed funding round. Global Founders Capital, Picus Capital, Jaguar Ventures, Kayyak Ventures, and Stanford 20|20 fund participated in the round alongside various angel investors.
Pulsar is an IoT analytics startup using AI technology to equip factory floors with real-time productivity and manufacturing insights to help them improve factory processes. Companies can monitor the factory floor through the Pulsar app which provides a dashboard for factory operations, human inefficiency, machinery problems, and more.
“We created Pulsar to help traditional factories become more sustainable and competitive by enhancing productivity and reducing labor inefficiencies, machine downtimes, and waste output,” said Juan Cristóbal, co-founder and COO of Pulsar.
More than 40 manufacturers have adopted Pulsar’s technology since its launch last year and the platform is seeing increasing demand across Mexico and North America.
“Manufacturing is an industry that needs modernization. We haven’t seen any manufacturing-focused ventures that combine Pulsar’s significant team experience with relevant, easy-to-integrate product attributes at such an early stage,” said Alex Anton, Partner at Global Founders Capital.
The platform plans to become the leading manufacturing analytics platform across North America in coming years.