Swipeguide Announces a $5M Round Led by Speedinvest

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Swipeguide Announces a $5M Round Led by Speedinvest

CFO Tech Outlook | Tuesday, May 04, 2021

SwipeGuide closes €5M round to accelerate crowdsourced knowledge performance for manufacturing firms.

FREMONT, CA: B2B SaaS scaleup SwipeGuide secures €5M investment led by Speedinvest and helped by CapitalT, Newion, and Plug and Play Ventures to enhanced AI-based knowledge crowdsourcing in manufacturing and boost international growth.

PepsiCo, Heineken, ABB, and Orkla currently use SwipeGuide to scale critical operational knowledge in order to empower 30,000 factory workers and field service engineers in 89 countries. The pandemic has increased demand for easy-to-use smart manufacturing tools that accelerate shop floor performance and continuous enhancement of operations. SwipeGuide, an Amsterdam-based B2B SaaS company, is the first firm in Europe to facilitate the crowdsourcing of operational knowledge to enhance performance across distributed teams for manufacturing firms based on its proprietary technologies.

The industrial tech company boosts its international expansion and digital transformation in factories with a fresh €5M ($6M) funding round led by Speedinvest. CapitalT, Plug and Play Ventures, and existing investors Newion and Brumbucks also were part of the round to fuel SwipeGuide’s growth in the manufacturing technology sector.

The COVID-19 pandemic has boosted the demand for easy-to-use smart tools that help the digitization of production operations and avoid inefficiencies. Top manufacturers like PepsiCo, Heineken, ABB, and Orkla use SwipeGuide to gather, standardize, scale, and enhance critical operational knowledge globally by enabling shop floor teams to seamlessly digitize vital instructions, operational routines, and operations with the unique apps. The data & control points harvested through execution assist in identifying improvement potential at scale.

SwipeGuide is leveraged in more than 200 plants in 89 countries, with more than 30,000 unique monthly users continuously enhancing operational performance. Digital standard work is a driver of scalable lean manufacturing across locations at PepsiCo. SwipeGuide helps enhance a culture of self-guided learning and operational excellence across sites. With SwipeGuide’s focus on crowdsourced knowledge performance, firms can finally embrace frontline workers’ expertise, empower a new generation of workers, and trust that their standards will reflect it. The platform’s AI-based technology is the vital component to identifying and scaling best-performing knowledge resulting in downtime reduction.

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