Ndustrial Raises $18.5M in Series B Funding to Optimize Energy Use in Industrial Systems

Company Name: Ndustrial
Location: Raleigh, NC
Sector: Energy Management, AI Software
Funding Details: Raised $18.5M in Series B funding. The round was led by ABB and GS Energy, with continued support from existing partners such as Clean Energy Ventures and ENGIE New Ventures.

Purpose of Investment: To enhance growth and accelerate innovation aimed at optimizing energy intensity — reducing the amount of energy, emissions, and costs required per unit of production.

Leadership: Led by Founder and CEO Jason Massey.

Product: Ndustrial offers an AI-powered energy intensity platform that integrates production and energy data from nearly any industrial system, providing real-time insights into energy use. The platform supports more than 60 data sources for active load management and optimization of production processes. Its dashboard offers real-time insights for specific facilities and production lines, aiding decision-making and contributing to significant energy cost reductions.

"Ndustrial’s production-aware technology empowers industrial leaders to finally wrap their arms around their data in real-time, understand the relationships between production cycles and energy use, report Scope 3 emissions, and take immediate action. ABB and GS Energy are ideal partners to scale our business and help more industrial companies reduce costs and decarbonize faster.” - Jason Massey

Impact: Ndustrial's technology has helped global industrial sites directly avoid over $100M in energy spend over the past decade. It enables advanced carbon intensity measurement and verification, supporting industrial leaders in understanding and reducing their environmental impact.

Customers: Notable clients include W.L. Gore (makers of GORE-TEX), Novonesis, and US Cold Storage, among others.