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§ Private Profile · New York City, NY, USA
Oden Technologies is a technology company.
Oden Technologies provides AI-driven software solutions for manufacturing optimization, enabling manufacturers to harness their complex data for improved production performance.
Oden Technologies has raised $38.5M across 2 funding rounds.
Oden Technologies has raised $38.5M in total across 2 funding rounds.
Oden Technologies has raised $38.5M across 2 funding rounds. Most recently, it raised $28.5M Series B in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 10, 2024 | $28.5M Series B | Ebba Lilliehöök | Atomico, EQT Ventures, Flat Capital, Recurring Capital Partners | Announced |
| Jul 1, 2018 | $10M Series A | Niklas Zennström | Archimedes Accelerator LLC, Atomico, Audrey Capital, Expon Capital, LocalGlobe, Octopus Ventures, True Ventures, Zinc, Bryan Meehan, EQT Ventures, Inbox Capital | Announced |
Oden Technologies is a New York-based technology company founded in 2014 that builds AI-driven software solutions for manufacturing optimization, specifically targeting front-line operators to transform chaotic production data into actionable insights.[1][2][5] Its core products—Process AI, Factory Analytics, and a Data Engine—serve manufacturers by enabling real-time process improvements, increasing Overall Equipment Effectiveness (OEE) by over 21%, delivering 5x ROI in 12 months, and boosting productivity by 30% through reduced downtime, higher rates, and better quality.[1][2][5] Oden addresses the manufacturing industry's lag in data utilization by empowering operators with prescriptive AI recommendations, helping leading firms like INX International achieve 20-40% performance gains without quality loss.[2][5]
Oden Technologies was founded in 2014 by Willem Sundblad (CEO) and Peter Brand (President), who identified a critical gap: while other industries leveraged data for gains, manufacturing was falling behind, leaving production teams without timely, actionable information.[1][2][3] Sundblad and Brand set out to build a platform combining wireless industrial IoT with cloud-based analytics, starting with a focus on enabling those closest to production to use factory data effectively.[1][3] Early traction came from high demand for their operator-centric machine learning tools, culminating in the launch of Process AI, which has driven rapid adoption among U.S. manufacturers; the company recently secured investment from Nordstjernan, underscoring its growth as a niche leader in industrial analytics.[2]
Oden rides the wave of AI for manufacturing and Industry 4.0, where factories digitize to counter labor shortages, supply chain disruptions, and demands for efficiency amid rising costs.[1][2][5] Timing is ideal as front-line turnover hits 50% in months and data overload hampers traditional methods, positioning Oden's operator-centric AI as a force multiplier in a $16 trillion global manufacturing market shifting to real-time optimization.[2][5] Market tailwinds include IoT proliferation and AI adoption, with Oden influencing the ecosystem by setting standards for prescriptive analytics that bridge shop-floor workers and executives, accelerating ROI for investors like Nordstjernan and Navigate Ventures.[2][4]
Oden is poised to scale Process AI globally, capitalizing on U.S. traction to expand into high-volume sectors like wire/cable amid AI's maturation for industrial use.[2][3] Trends like agentic AI, edge computing, and workforce upskilling will amplify its edge, potentially evolving it into a full-stack manufacturing OS with deeper integrations. As manufacturers prioritize sustainable, data-driven ops, Oden's front-line focus could redefine production baselines, turning data laggards into leaders and solidifying its niche dominance.[1][5] This positions Oden not just as a tool, but as the enabler of manufacturing's AI renaissance.
Oden Technologies has raised $38.5M in total across 2 funding rounds.
Oden Technologies's investors include Ebba Lilliehöök, Atomico, EQT Ventures, Flat Capital, Recurring Capital Partners, Niklas Zennström, Archimedes Accelerator LLC, Audrey Capital, Expon Capital, LocalGlobe, Octopus Ventures, True Ventures.