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Led by Aviran Yaacov, CEO, Ecoplant is the provider of industrial IoT solutions for optimizing compressed air systems. Its SaaS solution continually monitors and dynamically controls air compressors through a connection to their pipeline sensors and controllers.
FREMONT, CA: Ecoplant, a Kibbutz Gevim, Israel-based provider of industrial IoT solutions, closed €8m ($94m) as part of a Series A funding round. The company intends to use the capital to bring its advanced technology to US factories.
Led by Aviran Yaacov, CEO, Ecoplant is the provider of industrial IoT solutions for optimizing compressed air systems. Its SaaS solution continually monitors and dynamically controls air compressors through a connection to their pipeline sensors and controllers. It allows for managing either individual compressors or the entire system under changing conditions, including shifts in production and compressed air consumption.
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The predictive Artificial Intelligence (AI) engine optimizes energy consumption, which offers energy-saving and reduces unplanned production downtimes. The system is system-agnostic, which means it can integrate with any compressor’s technology or brand. As such, the solution is compatible with over 100,000 factories in the US and Europe.
The company collaborates with Atlas Machine & Supply Inc, a Kentucky-based distributor and service provider of industrial air compressors and related products. This partnership gives Ecoplant access to over 3,000 factories across the Midwest. Currently, the company’s system is deployed in a few dozens of factories in the Europe, USA, and the Middle East and services leading brands such as Ecolab, Sano, Danone/Strauss, Polycad, Nestle, and Elbit, among others.
“We are thrilled to be partnering with Atlas Machine,” stated Aviran Yaacov, CEO and Co-founder of Ecoplant. “With their team’s deep experience in the US compressed air market, extensive network, and comprehensive offering, Atlas stands as an ideal partner for us. While we are starting with compressed air, our vision is to move into chillers and pumps, as well as offer a full suite of utility resource planning tools.”
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