MachineMetrics

47 Pleasant Street Suite 2-S
Northampton,  MA  01060

United States
413-341-5747
https://www.machinemetrics.com
  • Booth: 5037

MachineMetrics is the industry's first AI-driven machine monitoring and predictive analytics platform for discrete manufacturers and machine builders. Their award-winning Industry 4.0-ready solutions work out-of-the-box to increase equipment productivity and efficiency through edge connectivity, real-time visibility, deep manufacturing analytics and AI driven predictive and prescriptive alerts. By simplifying Industrial IoT, MachineMetrics is enabling customers to digitize and drive decisions with machine data.

Right now, hundreds of manufacturers are using the MachineMetrics platform to measure and analyze the performance of thousands of machines across their global factories. Their solutions are providing the necessary real-time visibility into production, automatically recommending ways to improve performance, warning shop floor workers of pending problems, even predicting maintenance events to reduce unplanned and costly outages.


 Press Releases

  • MachineMetrics Announces $11.3 Million Series A Funding Round

    Industrial IoT Startup Leading Effort to Bring AI and Analytics to Manufacturing

     

    BOSTON—MachineMetrics, which equips factories with the digital tools needed to increase productivity and win more business, announced Tuesday it has raised $11.3 million in Series A financing.

     

    Tola Capital led the round with participation from existing investors Hyperplane Venture Capital, Long River Ventures, Mass Ventures, Hub Angels and Firebolt Ventures. With the new funds, the company will expand its data science and product development teams while accelerating global sales.

     

    MachineMetrics is a pioneer in Industrial IoT (Internet of Things) technology. Its system is designed so that customers can install it themselves without the need for expensive and time-consuming customization.

     

    Once installed, manufacturers can collect, visualize and analyze data from any industrial machine. It automatically senses when there is a problem, even predicting some problems hours or minutes before they occur, and recommends solutions that reduce costly unplanned outages.

     

    In addition, MachineMetrics benchmarks a company’s machine performance against those of their peers to help guide future investments.

     

    “Now is the internet moment for manufacturing,” said William Bither, CEO and cofounder of MachineMetrics. “Because we’re pulling data from thousands of machines, we’re able to gain a unique understanding of their problems. These insights are delivered back to our customers so they can take action to gain a competitive edge.”

     

    Integrated into factories globally, MachineMetrics serves customers including Fastenal, Snap-On Tools, National Oilwell Varco, Gardner Denver, Continental, Saint Gobain, Shiloh Automotive and SECO Tools.

     

    “With MachineMetrics, we boosted production by more than 100 hours each month in the first three months alone,” said Tim Borkowski, vice president of manufacturing at Fastenal, a global maker of industrial equipment. “There’s no more educated guessing or finger-pointing; there’s a solid reason behind everything and every decision we make. I can’t imagine what life would be like if you took it away. It’s that ingrained in our day-to-day operations.”

     

    The company’s latest solution allows factory workers to share MachineMetrics’ data with their remote maintenance teams and makers of their equipment, and vice versa. This enables service teams to identify problems through remote diagnosis, reduce onsite service visits by 10 to 20 percent, and receive predictive maintenance alerts, which could lead to new business.

     

    According to Mike Mugno, vice president of Rem Sales/Tsugami, “MachineMetrics Service is a game-changer. We can now provide faster, better service because we’re collecting data that really didn’t exist before.”

     

    Manufacturing accounts for 16.6 percent of global GDP and is on the brink of a new digital age, often called the Fourth Industrial Revolution. That revolution combines two advancements — predictive analytics and artificial intelligence — and applies them to physical objects (ie, your Nest thermostat), creating the Internet of Things. Only with this ability to send and receive data can humans, and one day the objects themselves, figure out how to slash waste and increase output.

     

    “Manufacturers have to digitize if they want to remain globally competitive,” said Aaron Fleishman, Principal at Tola Capital. “Real-time shop floor visibility is the first step toward digital transformation. MachineMetrics’ platform provides this and goes a step further by providing AI-driven predictive analytics for manufacturers to make more informed real-time decisions. It’s no longer a question of if but when manufacturers will adopt this transformative technology.”

     

    About MachineMetrics

     

    MachineMetrics is the industry's first AI-driven predictive analytics platform for discrete manufacturers and machine builders. The company is the winner of 2018’s Smart Manufacturing Solution of the Year (IoT Breakthrough Awards). Their Industry 4.0-ready solutions work out-of-the-box to increase equipment productivity and efficiency through edge connectivity, real-time visibility, deep manufacturing analytics and AI driven predictive and prescriptive alerts. By simplifying Industrial IoT, MachineMetrics is enabling customers to digitize and drive decisions with machine data. For more information, visit: www.machinemetrics.com

     

    About Tola Capital

     

    Tola Capital is a venture capital firm based in Seattle that focuses on investing in the next wave of enterprise software companies. The firm provides both capital and hands-on engagement to support the growth of its portfolio companies. Tola Capital targets software companies with essential products for enterprise companies, a solid existing customer base, a strong competitive position, and great talent and culture. Tola Capital invests globally and across multiple stages. For more information, visit: www.tolacapital.com.

     

    Media Contact:

    Graham Immerman

    Director of Marketing, MachineMetrics

  • MachineMetrics Launches industry's first AI-driven remote machine monitoring solution for OEM’s and Equipment Providers

     

    What if you could stop a machine before a catastrophic failure? What if you could detect a bearing wearing faster than expected, before it was scheduled for maintenance and before it causes downtime? What if you could diagnose and resolve machine downtime for your customers without sending a technician on site?

     

    MachineMetrics is answering these questions with the release of their latest application: MachineMetrics Service. MachineMetrics Service is the industry's first AI-driven remote machine monitoring solution designed for CNC machine builders, providers, and distributors; a predictive analytics application on the MachineMetrics Industrial IoT platform that allows service teams to remotely monitor and manage machine assets in the field and at customer sites in real-time.

     

    Using MachineMetrics Service, equipment manufacturers can transform their approach to service with the ability to see, understand and take action on their customer’s real-time machine data from anywhere at any time. The results? Faster service when customers have machine problems, reduction of on-site service visits by 10-20%, optimization of preventative maintenance plans, validation of warranty claims, identification of new service opportunities through predictive maintenance pre and post-warranty period, and much more.

     

    When customers require after-sales service, they expect their problem to be solved with minimum delay. Too many service calls require expensive and time-consuming on-site visits. Thus, equipment providers require remote access to monitor and assist with user operations to troubleshoot problems, resolve service events and monitor preventative maintenance tasks, all without leaving their office.

     

    The historical and real-time machine data collected from MachineMetrics allows equipment manufacturers to gain insight into customers’ equipment health and condition, identify new service opportunities with analytics and reporting, predict and deliver early warning of potential equipment failures, highlight elevated risk areas that lead to machine downtime, or even determine to take preventative action before it impacts a customer’s machine performance.

     

    How it works is actually quite simple: Any equipment provider, OEM or distributor, can install MachineMetrics Edge device on a new machine sold to a customer or retrofit any machine currently in the field. MachineMetrics Edge has the ability to connect to the machine’s PLC and any additional sensors into the electrical cabinet of the machine and allows for the data to be visible to the customer and shared with the equipment provider. There’s no need to install on customer’s internal IT infrastructure as MachineMetrics Edge comes with included cellular support. Once installed, the provider can add the device to a list of machine assets accessible via the MachineMetrics Service app and associate that machine with the location of the customer. Once the customer receives the machine and powers it on, that machine will appear active on the provider’s list of assets.

     

    Encrypted data is then streamed to the secure MachineMetrics cloud where the data is structured and aggregated to enable visualizations and analytics for service teams to monitor. Access to the historical and real-time data is available through open APIs. Real-time dashboards, historical analysis, and integrations with other systems can be built with these APIs.

     

    The MachineMetrics AI analytics engine will monitor any connected machine’s conditions and other manufacturing data points and initiate a workflow action or text notifications when a monitor is triggered such as an alarm state, a threshold is exceeded, a preventative maintenance task is due, or an anomaly is detected.This ability can prevent thousands of dollars of equipment replacement costs and days of downtime, not to mention unearth new service opportunities that were never visible to service teams before.

     

    Data from thousands of connected machines allow the MachineMetrics Data Science team to work with service teams to identify trends and develop standard preventative maintenance and repair schedules that benefit both the service team and the customers. So while service teams are focusing on addressing issues that may immediately impact their customers, MachineMetrics can help identify big-picture issues that benefit both the equipment provider and the end-user.

     

    “For years now we have been working directly with manufacturers to improve manufacturing equipment uptime, OEE and productivity with real-time machine monitoring and analytics,” said Bill Bither, CEO of MachineMetrics, “By allowing machines to be monitored remotely and in real-time, we are enabling OEM’s to extend these benefits to their customer base while providing them with faster, better service. Our data science team is working closely with the data to deliver optimized preventative and predictive maintenance specific to their machines to improve machine uptime.”

     

    OEM’s are already experiencing the benefits of implementing MachineMetrics Service: “Tsugami/Rem Sales is thrilled to be working with MachineMetrics, bringing cutting edge, disruptive technology directly into our end-users’ businesses,” explained Michael Mugno, Vice President, Tsugami/Rem Sales. “The addition of MachineMetrics Service to our Swiss-turn machine platform packages allows users to collect data on machine health, production status, down-time, and so much more that they may never have known existed - bettering businesses across the industry.”  

    About MachineMetrics

     

    MachineMetrics is an award-winning manufacturing analytics platform for discrete manufacturers. Their Industry 4.0-ready solutions work out-of-the-box to increase productivity through edge connectivity, real-time visibility, deep manufacturing analytics and AI driven predictive notifications. MachineMetrics has simplified Industrial IoT to digitize the shop floor and enable teams to drive decisions with machine data.

     

    Now integrated into factories across North America and Europe, MachineMetrics is the fastest growing manufacturing analytics provider in the industry, featuring global customers and partners such as Fastenal, Snap-On Tools, Gardner Denver, TurboCam, Shiloh Automotive, McKinsey and Co., SECO Tools and Tsugami/Rem Sales.

  • Synergy Resources, a provider of product and service solutions to the manufacturing industry, has strengthened its position in the Industry 4.0/Smart Manufacturing arena by establishing a new Partnership with MachineMetrics. This Partnership will allow Synergy to add machine monitoring and predictive analytics to its expanding product and service offerings.

     

    “This partnership offers an exciting opportunity for both MachineMetrics and Synergy Resources to deliver customers a true competitive advantage in a tremendously competitive landscape,” says Bill Bither, CEO of MachineMetrics, “Together, we can enable customers to achieve the benefits of data-driven manufacturing right now, while providing insights that will shape both their future and the future of the industry.”

     

    Paul Tedford, Executive Vice President at Synergy Resources adds that “our partnership with MachineMetrics will provide both MachineMetrics and Synergy customers with a total solution as it applies to real-time visibility on the shop floor as well as complimentary products and services. MachineMetrics is already a proven solution for several of our customers who have experienced great results including increased machine utilization. With over twenty years of manufacturing experience and knowledge, Synergy is a major player in business improvement services and a leader in supporting customer efforts in achieving higher OEE (Overall Equipment Effectiveness) while reducing setup times and unplanned machine downtime.”

     

    Right now, hundreds of manufacturers are using the MachineMetrics platform to measure and analyze the performance of thousands of machines across their global factories. Their solutions are providing the necessary real-time visibility into production, automatically recommending ways to improve performance, warning shop floor workers of pending problems, even predicting maintenance events to reduce unplanned and costly outages.

     

    While other monitoring solutions can take months to integrate, over half of MachineMetrics customers are able to install themselves and start capturing data within 24 hours. A unique ability to easily connect to any machine has allowed the MachineMetrics platform to quickly gain tremendous traction and aggregate the most powerful global dataset of CNC machine performance, which allows the platform to provide the highest level of insight back to manufacturers such as accurate benchmarking on their equipment utilization.


    About MachineMetrics:

    MachineMetrics is an award-winning machine monitoring manufacturing analytics platform for discrete manufacturers. Their Industry 4.0-ready solutions work out-of-the-box to increase productivity through real-time visibility, deep manufacturing analytics and AI driven predictive notifications. MachineMetrics has simplified Industrial IoT to digitize the shop floor and enable manufacturers to drive decisions with machine data.

     

    Now integrated into factories globally, MachineMetrics customers include CAT, Gardner Denver, Tsugami, Snap-On, Saint Gobain, National Oilwell Varco, TE Connectivity, Continental Automotive, SECO Tools, and Fastenal.

     

    For further information, please contact:

    Graham Immerman, Director of Marketing

    MachineMetrics

    Tel: 4135317490

    Email: Graham@machinemetrics.com

    www.machinemetrics.com

    @MachineMetrics

     

    About Synergy Resources

     

    Synergy Resources provides Enterprise Resource Planning (ERP) software, support, and services to manufacturing companies. With a staff of over 90 professionals and offices in New England, New York Metro, Mid-Atlantic, Texas, Toronto, and Vancouver, Synergy provides ERP solutions and aims to improve customers’ business performance. Synergy Resources’ multidisciplinary support team includes professionals in manufacturing, financials, warehousing, and technology. Synergy utilizes lean manufacturing and business process re-engineering techniques to enhance its customers’ businesses. VISUAL ERP Software is ERP targeted at small to mid-sized complex manufacturers.

     

    For further information, please contact:

    Customer Care

    Synergy Resources

    Tel : 631-665-2050

    Email : CustomerCare@synergyresources.net

    http://synergyresources.net/contact/customer-care/

    @VisualMFG


     

 Products

  • MachineMetrics Production
    Our fully automated cloud machine monitoring & OEE software connects to all machine types to provide visualizations of real-time manufacturing production data to reduce bottlenecks with production visibility, OEE, and downtime analysis
    ...

  • MachineMetrics Production brings Industrial IoT to your shop floor: featuring simple “self-install” IIoT connectivity, our fully automated cloud machine monitoring & OEE software connects to all machine types to provide visualizations of real-time manufacturing production data.

    Connect to any modern CNC Machine Tool by connecting the MachineMetrics Edge to the ethernet port of the control. Software on the edge processes data from the machine in real-time and streams the data securely to the MachineMetrics cloud. Other machine types and older equipment can be connected directly to the cloud with the Digital and Analog IO module. Configure remotely using a simple scripting language that anyone can learn. No need to be a controls engineer to build advanced connection logic.

    -Visualize Production with customizable real-time dashboards that empower factory floor workers to meet production goals. 

    -Allow operators to add human-context to machine data with a touch screen interface mounted right at the machine tool. Categorize downtime, reject a part, and start/stop jobs right from the machine to manage and record quality data.

    -Real-time machine condition monitoring allows visibility and export of real-time machine data and alarms as time-series data and charts to help diagnose and resolve problems.

    -Alert the right person at the right time when action needs to be taken. Track incidents through a workflow with reassignment, resolution, with full audit tracking.

    -Track downtime from alarms or from the operator view and display a Pareto chart for any period of time that highlights the bottlenecks that are generating the most downtime.

    -Track the performance of each job that is running on your equipment with job, part number, and operator analytics. Understand actual cycle times, performance between shifts, actual OEE metrics, operator performance, setup times, etc.

    - Real-time automated OEE reporting is available in various reports including the real-time dashboard, historical reports that can be compared by shift, and when viewing individual job/part reports. Integrates with any ERP to eliminate double entry.

  • MachineMetrics Health
    MachineMetrics Health allows maintenance teams to monitor and manage equipment health in real-time. Improve CNC Machine Tool health with real-time diagnostics, condition monitoring, alerts, and preventative and predictive maintenance optimization.
    ...

  • What if you could stop a machine before a catastrophic failure?

    MEET THE INDUSTRY’S FIRST AI-DRIVEN MACHINE MONITORING SOLUTION

    Predict problems—before they cause downtime.

    MachineMetrics Health continuously monitors equipment health in real-time to detect problems before causing downtime with patent-pending AI technology. Notify machine operators to change a tool before it breaks. Notify your maintenance manager when an anomaly is detected that could lead to a breakdown. This ability can prevent thousands of dollars of equipment replacement costs and days of downtime.

    -Manage your machine assets and view real-time equipment status and conditions

    -Diagnose problems with deep alarm analytics and AI-driven predictive notifications

    -Manage preventative maintenance tasks based on usage or machine conditions

    -Track utilization of equipment over time to understand current and potential capacity

    -Predict equipment failures and prescribe solutions to prevent costly downtimes

  • MachineMetrics Service
    MachineMetrics is transforming the CNC machine sales and service model with the launch of MM Service, the industry's first AI-driven remote machine monitoring solution designed for CNC machine builders, providers, and distributors.
    ...

  • MachineMetrics is transforming the CNC machine sales and service model with launch of remote machine monitoring solution for OEM’s and Equipment Providers

    What if your service team could stop a machine before a catastrophic failure? What if you could detect a bearing wearing faster than expected, before it was scheduled for maintenance and before it causes downtime? What if you could diagnose and resolve machine downtime for your customers without sending a technician on site?

    MachineMetrics is answering these questions with the release of their latest application: MachineMetrics Service. MachineMetrics Service is the industry's first AI-driven remote machine monitoring solution designed for CNC machine builders, providers, and distributors. A predictive analytics application on the MachineMetrics Industrial IoT platform, MachineMetrics Service allows machine service teams to remotely monitor and manage assets in the field and at customer sites in real-time.

    Using MachineMetrics Service, equipment manufacturers can transform their approach to selling machines with the ability to see, understand and take action on their customer’s real-time machine data from anywhere at any time. With no need to install on customer's networks utilizing MachineMetrics Edge's cellular connection capabilities, any OEM or equipment provider can IoT enable their equipment and start collecting data within a week. 

    The results? Faster service when customers have machine problems, reduction of on-site service visits by 10-20%, optimization of preventative maintenance plans, validation of warranty claims, identification of new service opportunities through predictive maintenance pre and post-warranty period, data to fuel future machine research and development, and much more.

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