Vancouver, BC – February 27, 2024 – Elevated Alerts Inc. (“Elevated Alerts”), a pioneering fashionable manufacturing software program firm, is happy to announce that it has secured CAD $7.9 million in Collection A funding. The funding was led by Yaletown Companions, with participation from Third Variety Enterprise Capital, WGD Capital, Colin Harris, Raiven Capital and Pareto Holdings.
“This capital will gasoline our enlargement as we diversify the industries we serve with a deal with high-growth and superior expertise manufacturing firms, significantly these driving progress in meals, power, healthcare and past,” mentioned Amar Singh, CEO and co. -founder of Elevated Alerts. “Conventional ERP methods are sometimes too inflexible for contemporary, complicated manufacturing operations, which might pressure reliance on paper and spreadsheets, limiting entry to operational information and in the end harming profitability.”
Elevated Alerts serves a rising record of sectors starting from managed setting agriculture to pure well being product manufacturing, essential mineral restoration, mining and extra. Its expertise has been pioneered in some of the regulated industries on the earth, distinguishing it out there with its precision and real-time flexibility to help new course of innovation.
“We rapidly discovered that ease of implementation and the flexibility to help totally different processes was a precedence for our clients. The power to rapidly unlock entry to manufacturing information, prices and information, permits us to optimize operations , higher handle product high quality, and achieve a transparent monetary image,” mentioned Hardeep Shoker, COO and co-founder of Elevated Alerts. “We’re impressed by our pioneering clients and imagine they deserve higher instruments that don’t pre-date their industries.”
Elevated Alerts' cloud-based platform automates and simplifies real-time manufacturing information seize, offering a unified supply of fact that’s accessible throughout the corporate. This information additionally lays the muse for firms to leverage synthetic intelligence (AI) for steady course of optimization.
The corporate achieved substantial progress in 2023, rising its staff dimension by 30%. Along with scaling its platform, the corporate intends to leverage this funding to strategically increase its management roster and drive product innovation by incorporating superior agile manufacturing and AI options into its platform for predictive analytics and insights.
“Elevated Alerts solves an actual downside for its clients and is aligned with bigger tendencies out there. We look ahead to working intently with the corporate to proceed to speed up its progress,” says Hans Knapp, Basic Accomplice and co-founder of Yaletown Companions.
by Deloitte 2024 Manufacturing Outlook Report foresees substantial funding within the manufacturing sector in 2024. Above all the necessity for operational agility and effectivity to beat financial challenges, a decent labor market, rising prices and provide chain issues. 76% of producers surveyed mentioned they’ve adopted digital instruments to realize enhanced transparency.
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About excessive indicators
Elevated Alerts Inc. (“Elevated Alerts”) gives fashionable manufacturing software program, tailor-made for the complicated operations of fast-growing manufacturing firms. Initially pioneered in some of the regulated industries on the earth, the platform is gentle and versatile to set a brand new commonplace for manufacturing. The corporate now serves a variety of Small and Medium Enterprises (SMEs) in varied sectors, together with managed environmental agriculture, manufacturing of pure well being merchandise, restoration of essential minerals, mining and extra. Its cloud-based platform streamlines processes and automates real-time information seize, offering a unified supply of fact that’s accessible throughout the corporate. Immediate accuracy and visibility allow producers to cut back waste, streamline operations and get a transparent monetary image. By eradicating handbook processes and information silos, Elevated Alerts permits smarter, extra well timed determination making, permitting companies to deal with profitability.
Study extra at https://www.elevatedsignals.
