- Manufacturing data analytics platform company Bigfinite recently announced it raised $15 million in funding
Bigfinite — a leading manufacturing data analytics platform company for regulated industries — recently announced it raised $15 million in funding from Atlantic Bridge, Honeywell Ventures, and Institut Català de Finances.
This round of funding will be used for supporting the company’s market expansion of Bigfinite’s SaaS platform — which is an AI-powered solution that helps pharmaceutical and biotech companies discover new ways to optimize manufacturing processes, reduce quality issues, and enhance regulatory compliance.
“Atlantic Bridge has an extraordinary track record of investment into the next wave of computing including in artificial intelligence (AI), big data, and Industry 4.0 while Honeywell Ventures’ expertise in the Internet of Things, analytics, and advanced manufacturing make this an ideal investment partnership for Bigfinite,” said CEO and co-founder Pep Gubau. “We are honored and look forward to partnering with these organizations to further scale Bigfinite’s footprint within the life science manufacturing industry.”
Bigfinite is known for transforming manufacturing operations with the use of advanced analytics, artificial intelligence, and pharma 4.0 technologies focused on optimizing pharmaceutical and biotech companies. And the Bigfinite analytics platform seamlessly integrates unlimited sources of structured and unstructured data to deliver actionable insights across all manufacturing sites. Plus Bigfinite offers an intuitive way to gain meaningful operational intelligence with data by enabling real-time visibility and predictive insights in a GxP compliant manner with end-to-end data integrity.
“It is well known that billions of dollars annually could be saved through manufacturing process improvements and that a tremendous amount of data is never used,” added Andrew Smyth, Investment Director at Atlantic Bridge. “Bigfinite’s practical use of AI to provide predictive models will save the industry millions in lost product and dramatic reduction of effort to ensure compliance and data integrity.”
Existing investors Uncork Capital, Crosslink Capital, and La Famiglia joined the funding round. Including this round of funding, Bigfinite has raised over $23.5 million since the company was founded.
“Manufacturers around the world, particularly those in highly regulated industries, are looking for new and innovative ways to use data to optimize their operations,” explained Murray Grainger, managing director at Honeywell Ventures. “Honeywell is pleased to make a strategic investment in Bigfinite, whose innovative platform will allow for life sciences manufacturing to be conducted in a faster and more productive manner, while enhancing compliance.”
Bigfinite was originally founded in 2014 and the company operates out of San Francisco. And it has a European presence in Barcelona, Spain.