Seattle startup Elevāt has raised $12 million as part of a Series A round to fuel growth of its software aimed at helping industrial companies and equipment makers streamline repairs and reduce downtime.
Elevāt CEO Adam Livesay confirmed the new funding but did not provide details on investors.
The company is positioning itself as an answer to a growing shortage of skilled workers with expertise to maintain complicated industrial equipment. Its platform can improve first-time fix rates and reduce mean time to repair by combining telemetry, fault codes, manuals and repair history into AI-guided guidance for technicians. The company also says it can help teams triage issues remotely and predict failures to support proactive maintenance and parts planning.
Livesay said the funding will help Elevāt expand into Europe. The company has customers in industries including construction, agriculture, and fire and safety.
Livesay declined to share revenue or growth metrics.
Elevāt launched in 2015 after spinning out of Western Integrated Technologies, a longtime Seattle-area manufacturer and integrator of fluid power systems.
Elevāt co-founder Bill Hill recently transitioned from the CEO role to chairman of the board.
The company has 25 employees and has raised $18.7 million to date.
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