Arch® Systems today announced $15 million in new funding led by Two Bear Capital and joined by new and existing investors, including seed lead investor Uncork Capital.
Arch, founded by Stanford engineering PhDs, provides leading electronics and discrete device manufacturers with an advanced analytics platform for fab and multi-fab operations. On the production floor, technology provides best-in-class operational guidance to improve productivity, quality and maintainability. Across multiple factories, Arch automates global KPI alignment and delivers enterprise tools to manage data-driven actions across both in-house and contract factories to maximize overall manufacturing productivity.
Arch Systems CEO Andrew Scheuerman explained the company’s position and traction: “Today, our product, ArchFX, is used in more than 15 countries, analyzing hundreds of unique products with continuous rich data from over 5,000 smart factory machines. Arch enterprise customers unlock $10 million, even $100 million of unused factory capacity. This is made possible by identifying and solving significant factory bottlenecks in enterprise-wide systems that were previously invisible – while enabling front-line factory-to-factory operations with best-in-class, standardized performance and process quality control.“
Of the new funding, Arch’s CEO said: “This new funding will accelerate our go-to-market both in our core area of electronics manufacturing and in the adjacent area of high-tech manufacturing, including defense and medical manufacturing. Two Bear Capital brings incredible experience and insight into building a company in the deep technology and networking space, as well as our domain production markets. This is a rare and exceptional combination of experiences. We are excited to partner with them in this next phase.“
Both Bear Capital investments were led by partner Ida Khodami. “I am extremely excited about our investment in Arch,Hodami said. “Having held engineering and operations leadership positions in the biotech industry for over a decade, I have seen first-hand the enormous value of factory-wide analytics and the investment required to integrate equipment (intelligent and legacy machines) across all factories, even in the most complex. Arch is changing the integration game for new and existing factory machines by providing affordable, unprecedented analytics tools. We invested in Arch to support their further expansion into biotechnology, medical devices, electronics and other areas of high-tech and discrete manufacturing.“
The funding comes on the back of Arch’s significant growth with more than 300 percent year-over-year business growth in both active analytics users and connected machines. The company is currently in active hiring phase and the launch of two major products in the coming months – Action Management Systeman enterprise control room designed around machine data alerts and corrective actions for rapid decision-making from upstairs to the shop floor, and Manufacturing Insightsan ArchFX Core offering that will make a subset of Arch’s analytics developed on large enterprise data sets available to individual factories for the first time.
About Two Bear Capital
Two Bear Capital (TBC) was founded and led by veteran Silicon Valley venture capitalist and philanthropist Michael Gauguin. Two Bear Capital seeks to invest in the most promising early-stage companies solving some of today’s most pressing problems at the intersection of healthcare, biotechnology, bioinformatics, artificial intelligence/machine learning, cybersecurity and enterprise software infrastructure. Two Bear Capital’s investment team is based in Whitefish, Montana, the San Francisco Bay Area, San Diego and Boston. To learn more, visit www.twobearcapital.com and follow Two Bear Capital on LinkedIn.
About Arch Systems
Arch® works with premium global electronics manufacturers to extract data from every machine, both new and legacy, to unlock data management and drive unified metrics for improved performance and predictive analytics.
Arch has built the largest collaboration of industry experts working hand-in-hand with data scientists to constantly map new signals in the data, adding them to an ever-growing library of operational analytics and recommendations. These alerts and recommendations are changing the way manufacturers tackle their most complex problems, allowing them to simplify and align actions both on the shop floor and on the top floor.
Arch is the recipient of the 2021 Mexico Global Technology and Technology Awards and a 2022 NPI Award. The ArchFX platform provides the machine connectivity, data management and advanced insights needed to achieve digital transformation in the manufacturing organization. For more information visit archsys.io, or follow us LinkedIn or Twitter.