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§ Private Profile · Ottawa, ON, Canada
Raven Telemetry is a technology company.
Raven is an Industry 4.0 technology platform that helps manufacturers improve productivity through real-time shop floor visibility and continuous improvement solutions.
Raven Telemetry has raised $24.1M across 3 funding rounds.
Raven Telemetry has raised $24.1M in total across 3 funding rounds.
Raven Telemetry (also known as Raven.ai) is a manufacturing technology company that builds an Industry 4.0 SaaS platform for continuous improvement on the shop floor. It automates the capture, analysis, and actioning of contextualized production data from machines and operators, providing real-time timelines of events to track OEE (Overall Equipment Effectiveness) and downtime with 100% context[4][5][6][7]. Serving Fortune 500 manufacturers like Walmart, Danaher, Michelin, and Coca-Cola, it solves the problem of unreliable manual data collection (e.g., pen-and-paper logging) by using AI, IoT/edge devices, and operator inputs via smart devices to boost productivity, reduce inefficiencies, and drive millions in annual profits[6][7]. Founded in 2013, it secured $6.1M in angel funding by 2018, employs 20+ people, and has grown through equity financing and government support, positioning it as a leader in manufacturing automation[4][6][7].
Raven Telemetry was founded in 2013 by Martin Cloake (CEO), a McGill University engineering graduate with a business minor, alongside co-founder Braden, both drawing from hands-on experience in manufacturing at companies like Blinds To Go, Stanley Black & Decker, PepsiCo, and Procter & Gamble[4][5][6]. The idea emerged from their "Aha! Moment" recognizing manufacturers' struggles with incomplete production data, leading to poor decision-making; Cloake's early career lesson at Blinds To Go—starting on the retail floor—emphasized happy customers as key to success[6]. Early traction came via product development focused on shop-floor needs, culminating in 2018 angel investment proving product-market fit across industries, with the company now employing over 20 and serving major clients[4][6].
(Note: Distinct from Raven Defense, a separate defense-focused telemetry firm for missiles/satellites[1][3].)
Raven Telemetry rides the Industry 4.0 wave, capitalizing on smart factories, IoT proliferation, and AI for manufacturing amid labor shortages and supply chain pressures. Timing aligns with post-pandemic pushes for resilient operations and data-driven efficiency, as manufacturers seek to contextualize the "eyes and ears" of the shop floor with machine data—addressing a gap in legacy ERP/MES systems[4][5][7]. Market forces like rising automation demand (e.g., OEE optimization) favor it, influencing the ecosystem by supercharging tech stacks, empowering frontline workers, and setting benchmarks for human-machine data fusion in factories worldwide[4][7].
Raven Telemetry is poised to expand as AI and edge computing deepen Industry 4.0 adoption, potentially dominating contextual OEE with integrations into broader MES/ERP ecosystems and global plant rollouts. Trends like generative AI for predictive maintenance and sustainability tracking will shape its path, evolving its influence from niche innovator to essential platform for millions of frontline workers—unlocking even greater profits as manufacturers prioritize data trust. This builds on its core strength: transforming shop-floor chaos into actionable excellence, just as Cloake envisioned from his factory-floor roots.
Raven Telemetry has raised $24.1M across 3 funding rounds. Most recently, it raised $12.0M Series A in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2023 | $12M Series A | Phil Stern, Michael Dolbec | Canaan Partners, Momenta Ventures, Sequoia Capital, 🥋rob Ashe, Tobias Lütke, Tomas Valis | Announced |
| May 2, 2018 | $6.1M Venture Round | — | LUC Levesque, 🥋rob Ashe, Robert Lander, Fresh Founders, Harvard Business School Alumni Angels OF NEW York, Jacket River | Announced |
| Apr 1, 2018 | $6M Series U | — | Kevin Hartz, Broadway Angels, Catapult Capital, Graphite Ventures, NFX, OVO Fund, Peterson Partners, Silicon Valley Connect, Aydin Mirzaee | Announced |
Raven Telemetry has raised $24.1M in total across 3 funding rounds.
Raven Telemetry's investors include Phil Stern, Michael Dolbec, Canaan Partners, Momenta Ventures, Sequoia Capital, 🥋Rob Ashe, Tobias Lütke, Tomas Valis, Luc Levesque, Robert Lander, Fresh Founders, Harvard Business School Alumni Angels of New York.