#United States #San Francisco #AI Revolution #Manufacturing Intelligence #Squint

Squint Secures $40 Million in Series B to Transform Manufacturing with AI Technology

In a significant development for the manufacturing sector, Squint, recognized as a leading Manufacturing Intelligence Platform, has successfully raised $40 million in Series B funding. This latest investment elevates Squint's total funding to over $59 million, reflecting a robust investor confidence in transforming operational efficiency through advanced technology. The funding round was spearheaded by prominent investors including The Westly Group and TCV, with contributions from returning investors such as Sequoia Capital and Menlo Ventures.

Currently, tens of thousands of operators across numerous Fortune 500 factories rely on Squint’s platform to enhance quality, minimize downtime, and facilitate the manufacturing of diverse products ranging from tires to tortilla chips. This investment serves as a driving force to enhance Squint's AI capabilities, aiming to spearhead the Agentic Manufacturing revolution. Additionally, it aims to deepen integration across manufacturing workflows and expand into new industries such as energy, logistics, and field services.

As the demand for efficient manufacturing solutions escalates, one notable Fortune 50 customer is simultaneously expanding to over 70 additional sites. Meanwhile, a Global Fortune 500 manufacturer is set to implement Squint's solutions for 10,000 field technicians. Devin Bhushan, CEO and founder of Squint, emphasized the platform's current capabilities, stating, "For operators in the heat of the factory floor, Squint already feels like magic. With this round of funding, we're doubling down — empowering a broader range of frontline teams with the world's most advanced Manufacturing Intelligence Platform."

The launch of this funding not only signifies a milestone for Squint but also underscores the growing necessity for a new category of industrial software, designed for the very people who drive the US economy. Manufacturing plays a crucial role in the American economy, contributing over 10% to the U.S. GDP and employing more than 13 million individuals. With reshoring on the rise, this sector is witnessing its most rapid growth in decades. Despite AI innovations proliferating in various fields, frontline teams within the manufacturing sector have been largely overlooked — a gap that Squint is determined to bridge.

Shaun Chaudhuri, Partner at The Westly Group commented, "As operational complexity increases and a generation of experienced workers retires, the industrial workforce is facing a widening knowledge gap. Squint bridges that gap by delivering AI-powered workflows to the factory floor, equipping operators with real-time intelligence that can scale. We're proud to partner with the Squint team as they bring transformative solutions to the workers powering the physical economy."

Prior to Squint's introduction, no existing system effectively captured the dynamic interaction between machines, processes, and people. Squint now inhabits the core of this convergence, enabling:
1. Operators to collaborate seamlessly
2. Supervisors to track work across shifts
3. Executives to access new data types that drive continuous improvement, enhance profit margins, and ensure operational resilience.

In a unique turn of events, factory workers have expressed a rare enthusiasm for technology in their workplaces, with some even requesting to bring it home for personal use — a testament to the platform's unique appeal. Evan Hochhauser, Vice President at TCV remarked, "It's rare to ever hear factory workers rave about technology — let alone ask to bring it home so their kids can run chores off of it ... It's a signal Squint is doing something special, and is why we're excited to back Devin and the Squint team."

Utilizing a mobile-first approach that combines AI and AR specifically tailored for the real world of manufacturing, Squint empowers manufacturers to capture collective knowledge, standardize operations, and enhance frontline execution. The results speak volumes:

• - A Fortune 50 client reported over $4 million in increased profits within a single year at one manufacturing site.
• - A leading consumer goods company halved procedure execution time, enhancing efficiency even for first-time operators.
• - Operator satisfaction with the Squint platform soared to 91%, as evidenced by thousands of user sessions.

Squint is committed to harnessing the power of AI to accelerate human potential and enhance efficiency, marking the dawn of a new industrial revolution. To facilitate this transformative journey, Squint is rapidly expanding its workforce and has recently relocated to a larger office in San Francisco, allowing for increased collaboration and innovation.

For those interested in exploring Squint's innovative solutions or to schedule a demo, further information can be found at Squint.ai.