Operations1 secures $12.5 million in Series A funding round
Operations1, the cloud software company for adaptive employee-led production processes, recently announced it has raised $12.5 million in its Series A funding round. The investment, which was led by OpenOcean, a European venture capital firm, will support Operations1 to double its team size, expand internationally, and invest further in product development.
The Operations1 software is designed to ensure long-term resilience of industrial operations in today’s complex environment. The platform provides processual knowledge, gathers real-time data, and automates time-consuming administrative tasks across operational workflows.
Benjamin Brockmann, CEO at Operations1 comments: “With many manufacturing companies still using paperwork in production today, it comes as no surprise they are struggling to compete against digital-savvy competitors as it blocks the possibility of making data-based decisions for continuous improvements. At Operations1, we empower operational workers and the company through intuitive, highly flexible software that can help navigate the turbulent and ever-changing challenges ahead.
“We are delighted to begin the year with such an exciting announcement and can look back on the previous year today having tripled the revenue and having won a large number of medium-sized companies, as well as two major DAX companies who will be relying on Operations1 for the long term,”
Tom Henriksson, General Partner at OpenOcean comments: “In the coming years the industrial sector will be the next to experience competitive advantage from digitisation. Operations 1s a pioneer in this space by enabling continuous, data-based process innovation. We are very happy to support the founders and the fantastic team in their mission.”
In addition to OpenOcean, the Operations1 team was able to attract top-class business angels. Among others, Kulpreet Singh, former Managing Director at UiPath, and Michael Füllemann, former President and Chairman at Schindler and Senior Partner at BCG, also support the team as advisors. The previous investors Cherry Ventures from Berlin and 42cap from Munich also joined the round.