Pico MES raised $12.35M in Series A funding to digitize the supply chain for small to medium-sized American factories.
The round was led by Bosch Ventures and joined by new investors from Counterpart Ventures and Momenta. Existing investors Lemnos, Congruent Ventures, Union Labs, and SE Ventures also participated.
The company will use the funds to bolster U.S. green infrastructure, empower mid-sized factories, and replace outdated manual methods.
Pico MES is a remote software company that connects the tools and machines on the shop floor with the people who use them. This allows for real-time data collection and analysis, which can help factories improve efficiency and profitability.
The company has already been deployed in dozens of factories that operate as Tier 1, 2, or Tier 3 suppliers to larger OEMs in the EV, aerospace, and battery industries.
