We are excited to announce that Datch has successfully closed its $15M Series A funding round via an extension led by Third Prime with support from existing investors including Blackhorn Ventures, Blue Bear Capital, and Susquehanna International Group. This significant investment marks a major milestone in our journey to revolutionize frontline intelligence for the industrial sectors of the economy.
Introducing Asset Insights
In conjunction with this funding, we are thrilled to launch our latest product offering: Asset Insights. Industrial organizations today face the dual challenge of increasing asset availability and bridging a widening skills gap. Asset Insights addresses these issues by leveraging breakthroughs in Large Language Models (LLM) and graph technology to convert unstructured, disparate information into actionable insights that improve operational outcomes.
A New Era of Operational Excellence
Asset Insights is the latest addition to Datch’s Frontline Intelligence Platform, representing a significant step forward in our mission to empower operations that accelerate the world’s economy. By turning enterprise information into democratized knowledge, we enable industrial teams to not just survive but thrive in today’s competitive landscape.
CEO Insights
Mark Fosdike, our CEO and cofounder, explains, “The world is facing an enormous skills shortage, and AI is one of the key pillars to bridge that gap. While surfacing information has gotten easier over time, organizations have yet to leverage AI to generate true insights – think patterns, trends, predictions, understanding – that extend beyond efficient search and directly progress business objectives. By turning enterprise information into democratized knowledge, we are enabling industrial teams to thrive in a new, highly productive frontier. We’re excited to partner with Third Prime to continue bringing this opportunity to the most influential organizations around the world.”
Partnering for Success
Third Prime, a leading venture firm focused on the industrial technology space, spearheaded this funding round. General Partner Mike Kim noted, “Today's most critical industries rely on data to power their growth. Datch is enabling companies on the industrial frontline to improve their deskless workforce's access to high-quality data and empowering workers to use those insights in real time. By leveraging AI, Datch reduces asset downtime and optimizes manufacturing performance to drive tangible ROI to both its customers and their enormous end markets.”
Real-World Applications
Though today marks the public launch of Asset Insights, our global enterprise clients have already begun deploying the software across a variety of use cases. Asset Insights has been used to generate field instructions for distribution line workers, automate data enrichment for manufacturing reliability teams, and draft work plans for planning teams. These applications, powered by agentic workflows, automate many of the burdensome tasks these teams face daily.
Looking Ahead
Together with our flagship solution, D/4AM, an AI-driven mobility solution designed to enhance information capture by frontline workers, Asset Insights forms the cornerstone of Datch’s Frontline Intelligence Platform. This platform aims to usher companies into a new era of augmented, data-driven decision-making.
We plan to use this new funding to further expand our market presence and enhance the capabilities of Asset Insights. Our goal is to continue providing innovative solutions that drive operational excellence and empower industrial teams around the globe
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The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
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The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
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