Instrumental Raises $50M in Series C Funding
- Instrumental, a Palo Alto, CA-based manufacturing optimization software provider, raised $50M in Series C funding
- The round was led by BAM Elevate, with participation from Canaan, Root Ventures and Eclipse Ventures
- In conjunction with the funding, Jamie McGurk, the General Partner who led BAM Elevate’s investment, joined company’s Board of Directors
- The company intends to use the funds to expand research and development for new products and make hires in engineering and go-to-market teams
- The company is a core infrastructure provider for companies optimizing their manufacturing processes
