Next47

Next47 is an independent, global venture firm backed by Siemens AG that concentrates on enterprise-focused technology companies. It makes fast decisions and shares deep conviction with the teams it backs, aiming to unleash maximum potential. The firm leverages its own global footprint and the Siemens ecosystem spanning hundreds of countries and regions to provide resources and collaboration opportunities. It invests primarily in software, infrastructure, and other information technology sectors, including enterprise AI-enabled solutions.

Lakshmikanth Ananth

Founding CEO and Managing Partner

Lak Ananth

Managing Partner

Cody Anderson

Investor

Michael Aust

Principal

Josiah Bejide

Investor

Past deals in Industrial Automation

Tractian

Series C in 2024
Tractian offers asset management and monitoring solutions. It provides tools for data collection and analysis to track asset performance and condition, integrating with sensors and devices for predictive maintenance. The company serves industries such as manufacturing, logistics, and energy.

Tractian

Series B in 2023
Tractian offers asset management and monitoring solutions. It provides tools for data collection and analysis to track asset performance and condition, integrating with sensors and devices for predictive maintenance. The company serves industries such as manufacturing, logistics, and energy.

Locus Robotics

Series F in 2022
Founded in 2014, Locus Robotics develops autonomous mobile robots (AMRs) for fulfillment warehouses. Its flagship product, LocusBots, collaborates with human workers to enhance order productivity and accuracy by up to threefold, serving retailers, manufacturers, and logistics providers.

Avidbots Corp.

Series C in 2022
Avidbots Corp., founded in 2014 and based in Ottawa, Canada, develops autonomous commercial floor cleaning robots. Its flagship product, NEO, uses laser mapping technology to efficiently clean various spaces such as airports, retail malls, hospitals, and warehouses across seven countries.

Tractian

Series A in 2022
Tractian offers asset management and monitoring solutions. It provides tools for data collection and analysis to track asset performance and condition, integrating with sensors and devices for predictive maintenance. The company serves industries such as manufacturing, logistics, and energy.

Wandelbots

Series C in 2022
Wandelbots GmbH, headquartered in Dresden, Germany, specializes in robotic software that simplifies the programming of industrial robots. The company offers a no-code solution called Wandelbots Teaching, which allows users to teach robots through demonstration-based technology using sensor-attached wearables. This innovative approach enables individuals without programming expertise to train robots efficiently, significantly reducing the time and cost associated with automation processes. Wandelbots' technology supports various robot brands, including Universal Robots and Yaskawa, and is utilized by prominent companies such as VW, Bayer, and Fraunhofer. Since its establishment in 2017, Wandelbots has rapidly grown to over 170 employees, securing substantial funding and awards for its contributions to the robotics field. The company continues to expand its market presence and establish partnerships with system integrators across Germany, Europe, and the USA.

Seeq Corporation

Series B in 2020
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.

Wandelbots

Series B in 2020
Wandelbots GmbH, headquartered in Dresden, Germany, specializes in robotic software that simplifies the programming of industrial robots. The company offers a no-code solution called Wandelbots Teaching, which allows users to teach robots through demonstration-based technology using sensor-attached wearables. This innovative approach enables individuals without programming expertise to train robots efficiently, significantly reducing the time and cost associated with automation processes. Wandelbots' technology supports various robot brands, including Universal Robots and Yaskawa, and is utilized by prominent companies such as VW, Bayer, and Fraunhofer. Since its establishment in 2017, Wandelbots has rapidly grown to over 170 employees, securing substantial funding and awards for its contributions to the robotics field. The company continues to expand its market presence and establish partnerships with system integrators across Germany, Europe, and the USA.

Gecko Robotics

Series B in 2019
Founded in 2013, Gecko Robotics specializes in industrial inspection services using robotics and AI-powered data platforms. Serving power, oil & gas, pulp & paper industries, they provide real-time insights for efficient operations and infrastructure maintenance.

Built Robotics

Series B in 2019
Built Robotics develops automation technology for the construction industry by turning heavy equipment into autonomous robots with AI-guided software that integrates sensors such as GPS, cameras, and Lidar. The systems retrofit onto earthmoving equipment to enable autonomous operation on job sites, supporting projects such as wind farms, oil and gas pipelines, mining, and housing developments, and they are used to automate repetitive tasks in solar projects to accelerate the transition to clean energy.

Avidbots Corp.

Series B in 2019
Avidbots Corp., founded in 2014 and based in Ottawa, Canada, develops autonomous commercial floor cleaning robots. Its flagship product, NEO, uses laser mapping technology to efficiently clean various spaces such as airports, retail malls, hospitals, and warehouses across seven countries.

Veo Robotics

Series A in 2019
Founded in 2016, Veo Robotics specializes in developing advanced robotics systems for manufacturing. Its flagship product enables industrial robots to collaborate safely with humans, enhancing flexibility, productivity, and efficiency in workcells.

Braincube

Venture Round in 2018
Braincube offers an AI-driven industrial IoT platform designed for manufacturers. It collects and structures data from various sources into a secure database, enabling predictive algorithm optimization. This helps production teams manage equipment control settings effectively to maximize productivity.

Seeq Corporation

Series B in 2018
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.

Falkonry

Series A in 2018
Falkonry develops industrial artificial intelligence software, enabling Fortune 2000 companies to improve operational efficiency. Its platform analyzes time series data to predict critical events, enhance maintenance, and optimize energy usage.

Atom Power

Series A in 2017
Atom Power, based in Charlotte, North Carolina, specializes in manufacturing intelligent electrical management solutions for commercial and industrial applications. Founded in 2014, the company produces a suite of products including Atom Switch, a circuit breaker designed to manage electricity flow and protect against surging currents; Atom Panel, a distribution panel; and Atom OS, software that controls and customizes electrical infrastructure. Additionally, Atom Power develops integrated EV charging solutions that optimize performance and safety by centralizing charging and control into one solution.

Veo Robotics

Series A in 2017
Founded in 2016, Veo Robotics specializes in developing advanced robotics systems for manufacturing. Its flagship product enables industrial robots to collaborate safely with humans, enhancing flexibility, productivity, and efficiency in workcells.

Atom Power

Series A in 2017
Atom Power, based in Charlotte, North Carolina, specializes in manufacturing intelligent electrical management solutions for commercial and industrial applications. Founded in 2014, the company produces a suite of products including Atom Switch, a circuit breaker designed to manage electricity flow and protect against surging currents; Atom Panel, a distribution panel; and Atom OS, software that controls and customizes electrical infrastructure. Additionally, Atom Power develops integrated EV charging solutions that optimize performance and safety by centralizing charging and control into one solution.

Sternico

Venture Round in 2016
Sternico is a company with over 15 years of experience in providing innovative software solutions focused on business processes and industrial automation. The firm specializes in developing cloud-based software that aids in the digitization and automation of industrial operations. Sternico's offerings include a range of services such as analysis, consulting, software development, system integration, and software assurance. By leveraging the expertise of its employees, the company delivers both standard products and customized services aimed at enhancing the quality of clients' operations, optimizing their processes, and fostering collaborative partnerships.

Veo Robotics

Pre Seed Round in 2016
Founded in 2016, Veo Robotics specializes in developing advanced robotics systems for manufacturing. Its flagship product enables industrial robots to collaborate safely with humans, enhancing flexibility, productivity, and efficiency in workcells.

CyberFlow Analytics

Venture Round in 2016
CyberFlow Analytics is a cybersecurity firm based in San Diego, California, with additional offices in Silicon Valley. The company specializes in developing FlowScape software, which provides continuous threat assessment and monitoring for enterprise security and the Industrial Internet of Things. Utilizing unsupervised machine learning and behavioral analytics, CyberFlow focuses on detecting Advanced Persistent Threats (APTs) and cyber breaches. The company has introduced the concept of "anomalytics," emphasizing real-time network anomaly detection through advanced analytics. CyberFlow Analytics is led by a seasoned management team, including Dr. Hossein Eslambolchi, Tom Caldwell, and Louie Gasparini.

Seeq Corporation

Venture Round in 2015
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.

CyberFlow Analytics

Seed Round in 2015
CyberFlow Analytics is a cybersecurity firm based in San Diego, California, with additional offices in Silicon Valley. The company specializes in developing FlowScape software, which provides continuous threat assessment and monitoring for enterprise security and the Industrial Internet of Things. Utilizing unsupervised machine learning and behavioral analytics, CyberFlow focuses on detecting Advanced Persistent Threats (APTs) and cyber breaches. The company has introduced the concept of "anomalytics," emphasizing real-time network anomaly detection through advanced analytics. CyberFlow Analytics is led by a seasoned management team, including Dr. Hossein Eslambolchi, Tom Caldwell, and Louie Gasparini.

Geli

Seed Round in 2014
Geli, or Growing Energy Labs, Inc., specializes in providing software and business solutions for the design, automation, and management of energy storage systems. The company offers a comprehensive suite of products that facilitates an ecosystem for project developers, original equipment manufacturers, financiers, and project operators. Geli's hardware-agnostic software platform streamlines the energy storage development process, allowing clients to efficiently deploy advanced energy projects while minimizing their environmental impact.

Sternico

Series A in 2014
Sternico is a company with over 15 years of experience in providing innovative software solutions focused on business processes and industrial automation. The firm specializes in developing cloud-based software that aids in the digitization and automation of industrial operations. Sternico's offerings include a range of services such as analysis, consulting, software development, system integration, and software assurance. By leveraging the expertise of its employees, the company delivers both standard products and customized services aimed at enhancing the quality of clients' operations, optimizing their processes, and fostering collaborative partnerships.

J2 Innovations

Series A in 2014
J2 Innovations, Inc. is a software and technology company specializing in solutions for smart device integration and building automation. The company is known for its FIN Framework, an open software platform that enables the development of applications for device programming, control, and enterprise visualization. This platform facilitates automation by utilizing the Project Haystack open tagging and data-modeling standard, allowing for the automation of manual configuration tasks in commissioning automation systems. J2 Innovations also offers the FIN Builder, which allows clients to customize user experiences, create graphics for air handlers and central plants, and visualize various data sources through custom dashboards. Headquartered in Diamond Bar, California, J2 Innovations provides its products through authorized distributors and serves OEM partners, system integrators, and end-users, focusing on enhancing collaboration and reducing development costs. The company was incorporated in 2008 and operates as a subsidiary of Siemens Aktiengesellschaft.

Powerit Solutions

Series D in 2014
Powerit Solutions LLC, established in 1994 and headquartered in Seattle, Washington, specializes in energy management services for industrial and commercial clients. The company offers a suite of solutions, including its Energy Director power management system and Konnekt Wireless I/O, to reduce energy costs and optimize demand levels. Additionally, Powerit provides tailored IT consulting services, such as managed IT services, network efficiency monitoring, and cybersecurity assessments, to enhance clients' technological capabilities.

Powerit Solutions

Venture Round in 2014
Powerit Solutions LLC, established in 1994 and headquartered in Seattle, Washington, specializes in energy management services for industrial and commercial clients. The company offers a suite of solutions, including its Energy Director power management system and Konnekt Wireless I/O, to reduce energy costs and optimize demand levels. Additionally, Powerit provides tailored IT consulting services, such as managed IT services, network efficiency monitoring, and cybersecurity assessments, to enhance clients' technological capabilities.

BuildingIQ

Convertible Note in 2014
BuildingIQ is a technology company specializing in energy management solutions for commercial buildings. Founded in 2009, the company designs, develops, and implements software that optimizes energy consumption in heating, ventilation, and air conditioning (HVAC) systems. BuildingIQ's suite of products, including BuildingIQ, ComfortIQ, and DRIQ, use predictive energy optimization algorithms to continuously adjust HVAC settings, reducing energy costs and emissions while maintaining or improving occupant comfort. The company's solutions are compatible with existing building energy management systems and utility demand response systems, incorporating weather forecasts, occupant comfort, utility prices, and demand response signals in their optimization processes. BuildingIQ has been recognized for its innovative approach to energy management, winning several awards and accolades. The company operates in North America, Australasia, and Australia, with headquarters in Fargo, North Dakota, and additional offices in the United States and Australia.

BuildingIQ

Series A in 2013
BuildingIQ is a technology company specializing in energy management solutions for commercial buildings. Founded in 2009, the company designs, develops, and implements software that optimizes energy consumption in heating, ventilation, and air conditioning (HVAC) systems. BuildingIQ's suite of products, including BuildingIQ, ComfortIQ, and DRIQ, use predictive energy optimization algorithms to continuously adjust HVAC settings, reducing energy costs and emissions while maintaining or improving occupant comfort. The company's solutions are compatible with existing building energy management systems and utility demand response systems, incorporating weather forecasts, occupant comfort, utility prices, and demand response signals in their optimization processes. BuildingIQ has been recognized for its innovative approach to energy management, winning several awards and accolades. The company operates in North America, Australasia, and Australia, with headquarters in Fargo, North Dakota, and additional offices in the United States and Australia.

SensorDynamics

Series B in 2007
SensorDynamics was a European semiconductor and MEMS company headquartered in Graz, Austria, with additional offices in Italy and Germany. The company specialized in the development and manufacturing of high-volume micro- and wireless semiconductor sensor products. Its offerings included custom-designed and standard components intended for various applications, such as vehicle stabilization, occupant protection, navigation systems, keyless entry systems, and autonomous energy generators for wireless and battery-free controllers. SensorDynamics primarily served the automotive, industrial, and high-end consumer sectors. In 2011, the company was acquired by Maxim Integrated for $164 million and employed approximately 130 people at the time of the acquisition.

Serveron

Series G in 2007
Serveron Corporation specializes in developing and supporting online transformer products and diagnostic services. The company provides transformer monitors that deliver essential asset data, including dissolved gas analysis of insulating oil in power transformers and other oil-filled equipment. Its offerings also include monitoring services that allow users to access data from any internet-connected Windows PC, transformer bushing monitors for power factor testing, and advisory services to help utilities manage their transformer fleets. Additionally, Serveron focuses on energy asset management, enabling real-time monitoring, control, and reporting of remote energy systems. The company serves utilities, industrial users, and service organizations both in the United States and internationally. Headquartered in Hillsboro, Oregon, Serveron Corporation operates as a subsidiary of BPL Global, Ltd.

Zolo Technologies

Series D in 2007
Zolo Technologies, Inc. specializes in the design, development, manufacture, installation, and servicing of laser-based and multiplexed combustion monitoring systems. Founded in 1999 and based in Boulder, Colorado, the company serves various industrial sectors, including power generation, steel production, and petrochemical refining. Zolo Technologies offers tunable diode laser absorption spectroscopy instruments that measure vital constituents such as oxygen, carbon monoxide, carbon dioxide, and temperature in demanding combustion environments. Its product applications include steam methane reformers, ethylene cracking, electric arc furnaces, and glass furnaces. The company markets its innovative solutions under the ZoloBOSS, Zolographics, and SensAlign brand names, enabling clients to optimize processes and improve product quality through enhanced monitoring and diagnostics.

MontaVista Software

Venture Round in 2006
MontaVista Software specializes in the commercialization of embedded Linux, providing businesses with high-quality Linux solutions and developer tools tailored for the embedded device market. The company offers Market Specific Distributions (MSDs) that support various applications, including industrial automation, automotive systems, Android devices, portable multimedia, and multicore networking. MontaVista's products are designed to streamline the development process, significantly reducing the time and effort required to bring commercial products to market. With expert support and hardware enablement, MontaVista enhances the capabilities of open-source Linux, contributing to the deployment of over 50 million devices globally that rely on their Linux offerings.

Serveron

Series F in 2006
Serveron Corporation specializes in developing and supporting online transformer products and diagnostic services. The company provides transformer monitors that deliver essential asset data, including dissolved gas analysis of insulating oil in power transformers and other oil-filled equipment. Its offerings also include monitoring services that allow users to access data from any internet-connected Windows PC, transformer bushing monitors for power factor testing, and advisory services to help utilities manage their transformer fleets. Additionally, Serveron focuses on energy asset management, enabling real-time monitoring, control, and reporting of remote energy systems. The company serves utilities, industrial users, and service organizations both in the United States and internationally. Headquartered in Hillsboro, Oregon, Serveron Corporation operates as a subsidiary of BPL Global, Ltd.

Factory Logic

Venture Round in 2005
Factory Logic, Inc. is a provider of factory management solutions based in Austin, Texas. Founded in 1993, the company specializes in developing the Streamline Lean Factory Management System, which offers operational management software designed to equip factory personnel with integrated tools necessary for designing, operating, and enhancing lean manufacturing facilities. The Lean Operations suite facilitates an integrated approach that aligns production with customer demand while ensuring stability within factory and supply chain operations. Additionally, Factory Logic engages in consulting projects, offering its expertise to various sectors, including automotive, electronics, industrial equipment, and aerospace. The company was previously known as Scintellect Systems, Inc. and has been operating as a subsidiary of SAP AG since December 2006.

SensorDynamics

Series A in 2004
SensorDynamics was a European semiconductor and MEMS company headquartered in Graz, Austria, with additional offices in Italy and Germany. The company specialized in the development and manufacturing of high-volume micro- and wireless semiconductor sensor products. Its offerings included custom-designed and standard components intended for various applications, such as vehicle stabilization, occupant protection, navigation systems, keyless entry systems, and autonomous energy generators for wireless and battery-free controllers. SensorDynamics primarily served the automotive, industrial, and high-end consumer sectors. In 2011, the company was acquired by Maxim Integrated for $164 million and employed approximately 130 people at the time of the acquisition.

MontaVista Software

Venture Round in 2004
MontaVista Software specializes in the commercialization of embedded Linux, providing businesses with high-quality Linux solutions and developer tools tailored for the embedded device market. The company offers Market Specific Distributions (MSDs) that support various applications, including industrial automation, automotive systems, Android devices, portable multimedia, and multicore networking. MontaVista's products are designed to streamline the development process, significantly reducing the time and effort required to bring commercial products to market. With expert support and hardware enablement, MontaVista enhances the capabilities of open-source Linux, contributing to the deployment of over 50 million devices globally that rely on their Linux offerings.

IndX Software

Venture Round in 2003
IndX Software is an enterprise software firm specializing in operations intelligence solutions tailored for Fortune 2000 companies, particularly in the process manufacturing sector and their supply chains. The company's flagship product, XHQ, offers users a unified view of critical information necessary for real-time decision-making and performance management. By extracting and integrating data from various disparate backend systems, XHQ aggregates and manages content effectively, ensuring that relevant information is readily accessible to users. IndX Software focuses on the energy and manufacturing industries, providing essential tools to enhance operational efficiency and decision support in large industrial environments.

ISOPur Fluid Technologies

Series A in 2002
ISOPur Fluid Technologies specializes in advanced purification systems for hydraulic and lubricating oil, primarily serving industries such as oil and gas, power generation, and industrial hydraulics. Utilizing its patented Balanced Charge Agglomeration™ (BCA) technology, ISOPur achieves unparalleled levels of fluid purity, effectively removing sludge and varnish from critical internal machinery components. BCA operates by passing contaminated fluid over electrodes that balance the charges on particles, allowing for their agglomeration and subsequent filtration. This innovative process not only maintains fluid lubricity and water content but also prevents varnish formation that can hinder machinery efficiency. By implementing ISOPur’s systems, clients can significantly enhance plant uptime, lower maintenance costs, prolong the lifespan of capital equipment, and decrease fluid consumption and waste disposal. The effectiveness of BCA technology is supported by a portfolio of case studies from major corporations across various industrial sectors.
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