Seattle startup Elevāt has raised $12 million as part of a Series A round to fuel growth of its software aimed at assisting industrial companies and equipment buildrs streamline repairs and reduce downtime.
Elevāt CEO Adam Livedeclare 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 repair rates and reduce mean time to repair by combining telemetest, fault codes, manuals and repair history into AI-guided guidance for technicians. The company also declares it can assist teams triage issues remotely and predict failures to support proactive maintenance and parts planning.
Livedeclare stated the funding will assist Elevāt expand into Europe. The company has customers in industries including construction, agriculture, and fire and safety.
Livedeclare 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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