Ndustrial Secures Investment from Southwire to Scale Industrial Energy Efficiency

AI-powered energy intensity platform surpasses 100M+ data points processed daily, becomes the largest energy management deployment in food logistics

RALEIGH, N.C., Jan. 9, 2025 /PRNewswire/ -- Ndustrial, the AI-powered energy intensity platform for industry, today secured a strategic investment from Southwire Company, LLC, North America's leading wire and cable company, at a time of breakout growth for the company. Ndustrial has grown to become the largest deployment of energy management and digitization solutions in food logistics and cold chain, processing over 100 million data points daily to provide industrial facilities a real-time view of energy use and production.

In the last twelve months, the company has deployed its technology in 122 facilities across 17 countries. As the first and only platform to integrate with over 60 different industrial data systems, Ndustrial empowers customers to access critical analytics and proactive suggestions to reduce energy consumption and emissions.

"Industrial leaders understand that energy intelligence is a strategic imperative, and that has driven exceptional growth for our platform in the past year," said Jason Massey, CEO of Ndustrial. "We're seeing firsthand how data-driven energy management is transforming industrial operations, enabling companies to turn their sustainability commitments into strong financial results. Southwire's investment and partnership will accelerate our journey with deep industry expertise as we continue to scale worldwide."

Pressure on industrial facilities to reduce carbon emissions has intensified, with supply chains currently responsible for approximately 60% of all carbon emissions. Using a combination of AI, machine learning, automated devices and IoT technology, Ndustrial is helping more than 400 facilities across more than 10% of the food supply chain do everything from shift production timeframes to minimize costs to optimizing distribution center energy use. The company installed 304 meters, 388 sensors, 47 gateways and 11 edge devices for customers in the past 12 months, empowering companies to make data-driven decisions that optimize energy efficiency and reduce costs.

Southwire is an $8B company that manufactures half of the cable used to transmit and distribute electricity throughout the United States. The company's investment marks the closing of Ndustrial's Series B funding, preceded by co-lead investors ABB and GS Energy. As a part of its investment, Southwire plans to deploy Ndustrial's technology at several of its own manufacturing facilities to support its Growing Green initiative to optimize production and reduce carbon emissions. Additionally, Southwire will serve as a wire and cable solutions supplier to Ndustrial's electric transport refrigeration units (eTRU) power infrastructure customers, which is electrifying diesel-fueled chillers to lower operational costs by as much as 33% and reduce emissions by as much as 70%.

"Our investment in Ndustrial reflects our commitment to advancing solutions that drive both operational efficiency and sustainability. Their energy management platform empowers industrial facilities to optimize production processes, significantly reducing energy consumption and carbon emissions," said Se Oh, Vice President, Operational Sustainability. "We are excited to support Ndustrial as they unlock new opportunities for businesses to enhance performance while contributing to a more sustainable future."

"As a worldwide leader in power delivery, Southwire looks forward to partnering with Ndustrial to advance sustainable energy management for large industrial facilities," said Charles Hume, managing director, Southwire Technology Ventures. "Ndustrial's offering has the potential to help Southwire's own operations as well as those of Southwire's customers."

Ndustrial's momentum comes on the heels of significant growth and recognition for the company. The company recently joined the Move to -15°C coalition, a movement calling on warehouses and distributors in the cold chain to freeze food at -15°C instead, which would reduce energy usage and carbon emissions by nearly 10%. Ndustrial also expanded its leadership team in the past year, appointing a new Chief People Officer, Chief Revenue Officer, VP of Supply Chain Electrification and VP of Operations. It was recognized by prestigious awards, including Inc. 5000 2024, 2024 Global Sustainability & ESG Awards for "AI in Sustainability" and Will Reed's Top 100 List for Workplace Culture.

About Ndustrial

Ndustrial provides software and services to help the $60B industrial market combat inflation and climate change by optimizing energy intensity — the crucial metric of energy, emissions and cost required for one unit of production. By uniting production data with energy usage for some of the most complex, energy-demanding operations in the world, Ndustrial's AI-powered solutions enable smarter energy decisions in real-time. The company has helped customers like Lineage, ABB and W.L. Gore (makers of Gore-Tex) avoid over $100M in energy spend to date. Learn more at ndustrial.io.

About Southwire:

Southwire Company, LLC is North America's leading wire and cable company. The $8B organization is made up of more than 9,000 team members across the globe who unite as ONE Southwire each and every day to serve each other, their customers and their communities. Southwire and its subsidiaries provide solutions including building wire and cable, metal-clad cable, utility products, portable and electronic cord products and OEM wire products. In addition, Southwire offers electrical products, engineered solutions and a variety of field support services. For more on Southwire's products and solutions, its community involvement and its vision of sustainability, visit www.southwire.com.

SOURCE Ndustrial