Oakland, United States
Element, founded in 2015 and headquartered in San Francisco, CA, is at the forefront of bridging Industrial IT and OT through its innovative platform, Element Unify. Their solution effectively addresses a crucial challenge in Industrial IoT: the issue where 95% of enterprise data remains unusable due to fragmentation and disconnection. By enabling collaboration between IT and OT teams within a singular platform, Element facilitates data-driven decisions backed by robust, contextualized metadata.
The impact of Element is significant, offering up to a 300% increase in time to insight and doubling data usability while reducing organizational fragmentation. The clientele of Element encapsulates industries producing over $500 billion in revenue with assets totaling $300 billion.
The company secured an $18.00M Series B investment on June 25, 2020, with backing from prominent investors such as Activate Capital, Kleiner Perkins, and Honeywell Ventures, among others. This highlights strong market confidence and strategic interest in Element's capabilities and growth trajectory.
Uptake
