New Orleans Startup Fluence Analytics Raises Series A Financing

NEW ORLEANS Fluence Analytics, formerly Advanced Polymer Monitoring Technologies (APMT), announced it has raised a Series A funding round led by Energy Innovation Capital (EIC), a venture capital firm that invests in growing companies in energy innovation.

         Fluence Analytics products optimize efficiency, cost and quality of manufacturing and R&D processes in polymer and biopharmaceutical industries, company reps said. Analysis of the confluence of realtime data generated by the company’s products allows customers to produce materials at the lowest cost with the highest quality and yield, all while minimizing environmental footprint, they said.

         The Series A funding round also included participation from other investors. Fluence Analytics patented products and services were developed with over $20 million in competitive grants and funding from investors and customers. The value of the technology is proven with two and a half years of industrial production operations and the release of second generation products in 2016, company reps said.

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         “We built Fluence Analytics by partnering with industry leaders to solve the biggest challenges in polymer manufacturing,” said Alex Reed, CEO of Fluence Analytics. “This financing will accelerate the application of analytics to realtime data sets enabling manufacturing optimization for our customers. We will use the funds to grow our team and expand the range of polymer applications we support.”

         As part of the financing, George Coyle, a managing partner of Energy Innovation Capital, has joined the Fluence Analytics’ Board of Directors.  

         “We are pleased to partner with Fluence Analytics,” said Coyle. "Fluence Analytics has demonstrated that its products deliver significant value to its customers, and we are eager to support the company’s growth.”

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         “We are fortunate to have EIC as an investor and as a partner in growing our company,” said Dr. Bill Bottoms, chairman of Fluence Analytics. “Their experience and contacts in the industries we serve add major strengths as we enter the revenue ramp for our products and services. They are truly a value-added investor.”

         For more information

 

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