Funding accelerates sales, marketing and R&D for SPANR, the intelligence layer for industrial operations
, /PRNewswire/ — Aatmunn, the industrial intelligence company behind the SPANR platform, today announced a growth investment of up to $8 million from Santa Monica-based Memento Growth Partners (MGP), with participation from existing investors. The funding will expand Aatmunn’s sales and marketing organization and accelerate SPANR R&D, including AI integration.
SPANR is a unified data layer for the industrial frontline. It connects devices from different manufacturers, normalizes their data and applies AI-powered insight so teams can act in real time across use cases such as worker safety, gas detection, asset tracking and inspections, with more added quickly. SOC 2 Type II audited, SPANR is used by more than 300 enterprises across the United States, Canada and Europe and trusted by safety teams protecting more than 80,000 workers.
“Industrial companies are sitting on more data than ever, spread across devices, systems and sites that were never designed to talk to each other,” said Praveer Kumar, Co-founder and Chief Executive Officer of Aatmunn. “SPANR turns that fragmentation into one live picture of people, assets and risk, and then helps teams decide and act. MGP understands that this layer is mission-critical, and their partnership gives us the fuel to put SPANR in front of far more of the world’s frontline operations.”
“Legacy industrial environments are where AI can deliver some of its most tangible value, and also where it is hardest to deploy,” said Kareem El Sawy, Founder & Managing Partner at Memento Growth Partners. “Aatmunn has done the difficult work: a decade of field experience, multi-OEM device integrations, an audit-grade system of record and a growing base of blue-chip customers. We see SPANR as the intelligence layer industrial enterprises will standardize on, and we are proud to back the team as it scales.”
Aatmunn’s customers include Fortune 500 leaders in energy, aerospace, logistics, construction and advanced manufacturing. Its partnership with a global supply chain leader, where SPANR powers the partner’s Connected Safety business, is now expanding into equipment rental.
For OEMs, SPANR is a white-label platform: one industrial hardware OEM recently launched two product lines on SPANR, compressing a three-year software roadmap into five and a half months. Its fixed-scope Audit-in-a-Box and Inspection-in-a-Box programs put SPANR live on a customer’s own operations within weeks.
About Aatmunn
Aatmunn’s mission is to improve the lives of more than two billion frontline workers. Founded in 2014 as Guardhat, Aatmunn unifies industrial data through its SPANR platform, applying AI to protect workers, optimize workplaces and improve asset performance. Learn more at www.aatmunn.com.
About Memento Growth Partners
Memento focuses exclusively on software growth equity for blooming, VC-backed companies “making the turn”. We provide growth capital to companies that deliver mission-critical, verticalized, and mature enterprise products with AI capabilities. Visit www.mementogp.com to learn more.
Media contact
Aatmunn Media Relations
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+1 (313) 771-2129
SOURCE Aatmunn
