EcoPlant News
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U.S. giant Ingersoll Rand acquiring Israeli startup Ecoplant for $50 million | CTech
Ingersoll Rand is acquiring Israeli startup Ecoplant, which develops technology to increase energy efficiency and reduce air pollution in factories. The deal is valued at $40-50 million. Ecoplant leverages IoT tech and predictive analytics to automatically control air compressor systems in factories. The company has raised $8.5 million to date and has received grants totaling $3 million. Following the acquisition, Ingersoll will establish a center in Israel that will employ approximately 100 people by 2024.
Acquisition
Ecolab Enters into Partnership with Ecoplant to Offer Energy-Saving Solution for Compressed Air Systems
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Ecoplant raises $8 million in series A funding to reduce factories' energy use across the U.S.
Israel-based Ecoplant has partnered with Atlas Machine & Supply Inc. to bring its technology to around 3,000 additional U.S. factories. The partnership comes alongside an $8 million series A funding round. Ecoplants software solution monitors and controls air compressors, optimizing energy consumption and potentially reducing factory energy levels by 30%. The partnership with Atlas Machine gives Ecoplant access to more than 3,000 factories across the U.S. Atlas Machines is a distributor of Sillair compressors in Kentucky, Indiana, Ohio, and Tennessee.
PartnersCustomers
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Industrial Machinery Monitoring Startup EcoPlant Raises $1.7 Million
Israel-based industrial machinery monitoring startup EcoPlant Technological Innovation Ltd. has raised $1.7 million in a Series A round led by Benhamou Global Ventures LLC. EcoPlant develops a cloud-based monitoring system for infrastructure machines in industrial plants to improve energy efficiency and equipment uptime.
Investment