Funding Provided by X2 | Equity to Fuel Expansion of Intraratio’s Smart Manufacturing Software Platform in Core and New Markets
Intraratio Corp, a global provider of cloud hybrid smart manufacturing software solutions for semiconductor and electronics manufacturing, announced it has successfully completed an equity financing round to advance its operating and strategic growth plan. The funding is provided by X2 I Equity, a leading investor in growth-stage industrial high-tech companies headquartered in Munich (Germany) with offices in the United States and China.
Intraratio serves leading companies in the high-performance computing, automotive Tier-1 electronics, medical device, and EMS industry, offering an innovative and self-managing MES (Manufacturing Execution System) and Yield-Management Software Platform that reduces the cost and complexity of introducing IoT into advanced manufacturing environments. Capabilities include serialized unit traceability, machine data automation, real-time inventory tracking, and automated supplier data integration in real-time.
Funding will be used to advance Intraratio’s software engineering capabilities, core software platform and to expand into adjacent manufacturing segments. The company will expand sales and customer service functions to support existing and new customer growth within North America, Europe and key Asian manufacturing regions.
X2 I Equity will be represented by CEO and Founder Marc Sperschneider, who will also be joining the Intraratio board.
Ryan Gamble, Founder & CEO of Intraratio says: “Having the partnership and financial backing of an investor that truly understands the value of digital transformation, automation and AI in the global electronics manufacturing market today, is an empowering and exciting inflection point for Intraratio. Their commitment and expertise will enable us to provide greater value, services and capabilities to our customers, and accelerate our global market capture.”
Recommended ITech News: 77% of Americans Believe Their Company Has Security Gaps
“Advanced MES and yield-management solutions are a foundational building block of smart manufacturing and digital strategies for today’s manufacturers. Intraratio has quickly developed a strong position in the NAFTA smart manufacturing software market,” said Sameer Patel, Managing Director, X2 Equity North America. “Their customer growth over the last few years, combined with increasing deployments of their integrated RunCard and Datacard software platform in highly-regulated and complex semiconductor back-end and electronics manufacturing operations is impressive. We see them strengthening their position through access to the X2 platform and network and view them as a highly complementary addition to our IIoT software portfolio. All of us at X2 | Equity looks forward to playing a role in their future growth.”
Recommended ITech News: Webscale Powers Shopware’s Enterprise Cloud Delivery into North America