Smartia secures £1.7m from 24Haymarket to expand commercial teams.
The funding round was led by 24Haymarket to support growth in the industrial intelligence sector.
Share allotment filed at Companies House
Smartia provides industrial intelligence and artificial intelligence platforms that help manufacturing companies digitise operations and monitor assets remotely.
Smartia has secured £1.7m in a funding round led by 24Haymarket, with participation from existing backers. The capital will be deployed to expand commercial operations and customer success teams, enabling the company to support a larger roster of industrial clients.
Founded to bring artificial intelligence and deep industrial expertise together, Smartia offers its flagship platform MAIO to help manufacturers build remote monitoring systems and drive sustainability goals. Early adopters include Airbus, Mettis Group, and Airedale by Modine.
From the founder
"Even in its infancy, MAIO demonstrated how quickly industrial companies can start their journey to achieving sustainability, reducing energy consumption, material waste and better use of resources. As MAIO has matured, it has accelerated this process, providing the software infrastructure needed to achieve transparency of the manufacturing processes and running of remote assets. Transparency comes from the insights generated from the data collected, which provides the baseline to start making improvements. This investment goes a long way to helping our current and future customers achieve their transformation goals."
Mauro Arruda
CEO at Smartia
Investor perspective
"We are excited to be partnering with Mauro, Asim and the wider Smartia team at this exciting point in their journey. There are some compelling market drivers for the adoption of technologies solving for the convergence of operational and information technologies. These drivers, combined with the Company’s impressive growth and fantastic customer references, give us a high degree of confidence that Smartia is well-positioned to be at the forefront of the fourth industrial revolution."
Jamie Dunnett
Investor Director, 24Haymarket
Use of funds
- 01Grow the team
- 02Accelerate go-to-market