We’re pleased to announce our Momenta Ventures investment in HighByte, an industrial software company in Portland, Maine building solutions that address the data architecture and security challenges created by Industry 4.0. Founded by the former leadership team at Kepware (acquired by PTC in 2016), the team has a solid track record of connecting the domains of Operating Technologies (OT) and Information Technologies (IT).
HighByte’s Intelligence Hub offering provides the first DataOps solution purpose-built to meet the unique requirements of industrial assets, products, and processes at the Edge. DataOps is a new approach to data integration and security, improving data quality and reducing time spent preparing data for analysis. It also encourages cross-functional collaboration within data-driven organizations. HighByte’s Intelligence Hub enables OT to securely connect, model, and flow valuable industrial data throughout the enterprise, providing the critical data infrastructure for Industry 4.0.
“These are challenging times for our manufacturing community as we start to understand the impact Covid-19 and other global factors will have on safety, productivity, and supply chain,” said HighByte CEO Tony Paine. “This makes it more important than ever to find partners who believe in our team, vision, and ability to execute in order to make industrial transformation a reality for our customers. All of our investors bring more than just cash to the table. They are strategic partners that share in our core values of honesty, commitment, and collaboration.”
“We are hyper-focused on accelerating Digital Industry disrupters,” said Ken Forster, Momenta's Executive Director. “We’re investing in HighByte because we believe the company will help redefine collaboration between OT and IT and bring about the digitalization of traditional operating technology systems. The founders have an intimate knowledge of industrial data from their time at Kepware and have a proven ability to operationalize.”
This round of funding, the first institutional one, will fuel the company’s next iteration of product development and commercialization. Other investors include Corson Ellis, previous Founder and Chairman of Kepware and Brett Austin, previous President of Kepware. Kepware sold to PTC, a Boston-based enterprise software company, in January 2016. All HighByte founders are alumni of Kepware, including Tony Paine who served as CEO of Kepware from 2009-2016.
About HighByte
HighByte is an industrial software development company in Portland, Maine building solutions that address the data architecture and security challenges created by Industry 4.0. We’ve developed the first DataOps solution purpose-built to meet the unique requirements of industrial assets, products, and processes at the Edge. Learn more at https://highbyte.com.
About Momenta Ventures
Momenta Ventures is the investment arm of Momenta Partners, Digital Industry Growth Partners. With industry-leading Strategic Advisory, Executive Search, and Investment practices, Momenta accelerates the growth of companies in the industrial ecosystem globally since 2012. For more information, visit www.momenta.one, join the @MomentaPartners conversation or contact info@momenta.one.
Momenta Partners encompasses leading Strategic Advisory, Talent, and Venture practices. We’re the guiding hand behind leading industrials’ IoT strategies with over 200 IoT leadership placements and 40+ young IoT disruptors.
Schedule a call to learn more about our Digital Industry Venture practice.
Share it
