GS Energy
Assembly Line
Ndustrial Announces $18.5M Series B
Ndustrial, the AI-powered energy intensity platform for industry, announced the initial close of $18.5 million in a Series B funding round co-led by ABB and GS Energy, joining existing partners such as Clean Energy Ventures and ENGIE New Ventures. The capital will be used to power growth and accelerate innovation to help industrial companies optimize the crucial metric of energy intensity — the amount of energy, emissions and cost required for one unit of production. Ndustrial will also partner with ABB and GS Energy to offer its energy intensity solutions to industrial customers, further advancing its mission to unite hard-to-access energy and production data in real time to deliver transformative economic and decarbonization value.