Dan’s Biz Bookshelf: 'This Is Strategy: Make Better Plans'
The Chemical Connection: Reducing Defects in Circuit Board Production
It’s Only Common Sense: Trust Is All You Need
Arch Systems Secures New Funding with DI Technology and Neotribe to Accelerate Global Expansion
December 21, 2023 | Arch SystemsEstimated reading time: 1 minute
Arch®, the leading provider of data and analytics for manufacturing operations, proudly announces successful additional funding with DI Technology, a Munich-based B2B technology investor with a focus on Industrial Tech and Enterprise SaaS, and Neotribe, a Silicon Valley venture capital firm investing in leading AI and data technologies. This investment not only bolsters Arch Systems' position in the market but also marks a significant step toward accelerating Arch’s strategic expansion in Europe and globally.
DI Technology, a German-based venture capital firm focused on B2B technology is committed to investing in best-in-class solutions that support their shared vision of unlocking untapped factory capacity and addressing inefficiencies in manufacturing processes globally.
Torsten Kreindl, Founding and Managing Partner at DI Technology and former Deutsche Telekom Broadband CEO stated, “We are excited to partner with Arch Systems as we see billions lost annually worldwide due to underutilization of machinery and corresponding inefficiencies. Arch is the leading software company to identify those inefficiencies and automatically provide recommendations to increase capacity utilization and enhance OEE (overall equipment efficiency), eventually paying into higher profitability for production companies. We look forward to collaborating with Arch, especially expanding in the European market.”
Arch CEO, Andrew Scheuermann said, “We serve multiple customers and employ team members in more than five countries across Europe and the Middle East today. We are excited to make partnerships with more of the world’s top manufacturers as we continue our global expansion.”
Neotribe, a Silicon Valley-based (Calif., USA) firm that invests in leading data and AI technologies, joins DI Technology in the funding.
Nitin Chopra, Managing Director for Neotribe said, “Future-shaping innovations are the ones that seem impossible and alter how we perceive the world. Manufacturing is one of the greatest ecosystems to be transformed by the intersection of bits and atoms. Arch exemplifies both. There are massive economic and geopolitical shifts underway in manufacturing and Arch is bringing the right data and AI approach to help transform it.”
The additional funds from this investment round will be instrumental in further enhancing Arch Systems' technological capabilities, expanding its team, and facilitating the company's global market penetration.
Share on:
Suggested Items
IDC Increases its PC and Tablet Forecasts Despite Tariff Uncertainty
06/02/2025 | IDCAfter recording strong results in the first quarter of 2025, IDC is increasing its traditional PC forecast for 2025 — this comes despite the significant impact that US tariffs have had on its trading partners’ market sentiment.
IonQ Signs MoU with KISTI to Accelerate South Korea’s Role in the Global Quantum Race
06/02/2025 | IonQIonQ, a leading commercial quantum computing and networking company, today announced the signing of a memorandum of understanding (MoU) with the Korea Institute of Science and Technology Information (KISTI), a leading national science and technology research institute and supercomputing center.
Stephen Winchell Appointed DARPA Director
06/02/2025 | DARPAStephen Winchell was sworn in today as the 24th director of the Defense Advanced Research Projects Agency.
Hon Hai Research Institute Partners with Taiwan Academic Research Institute and KAUST to Participate in CLEO 2025
05/30/2025 | FoxconnThe research team of the Semiconductor Division of Hon Hai Research Institute, together with the research teams of National Taiwan University and King Abdullah University of Science and Technology in Saudi Arabia, has successfully made breakthroughs in multi-wavelength μ -LED technology to achieve high-speed visible light communication and optical interconnection between chips.
UNIST, SK On Strengthen Collaboration to Cultivate Battery Talent and Enhance R&D Capabilities
05/28/2025 | UNISTUNIST announced its plans to deepen collaboration with SK On to foster talent in the battery industry. This strategic partnership aims to attract outstanding researchers, broaden the foundation of research and development, and secure future competitive advantages.