EcoPlant
Energy-saving SaaS Solution for Compressed Air Systems
Company Overview
Snapshot
Founded in March 2016 by Aviran Yaacov, Moti Yakov, and Yaron Harel, EcoPlant operates with 51–200 employees. The company secured funding across four rounds from three investors, with its most recent funding round in August 2020 led by Ecolab. EcoPlant was acquired by Ingersoll Rand in June 2023.
Business overview
EcoPlant provides an AI-powered software solution designed to optimize the performance of compressed air systems. Its core technology connects to controllers and sensors to continuously monitor and control these systems, aiming to reduce energy waste and improve maintenance. The platform offers a dashboard with insights on system operation, energy consumption, and machinery analytics, enabling users to identify inefficiencies, track idle time, and enhance production reliability. EcoPlant serves various industries, including industrial manufacturing and food & beverage, operating within the Energy Tech sector with a focus on clean industry tech and eco-efficient manufacturing.
Strategic signal
In June 2023, EcoPlant was acquired by Ingersoll Rand, a significant development that validates its technology and market position in industrial energy efficiency. This acquisition signals a strategic move by a major multinational corporation to integrate advanced AI-driven optimization solutions for compressed air systems, indicating a growing demand for sustainable and efficient industrial operations.
Log in to access full profile ›Company Intelligence Q&A
- What is EcoPlant's primary offering?
- EcoPlant offers an AI-powered SaaS solution that optimizes compressed air systems by continuously monitoring and controlling them to reduce energy waste and improve maintenance.
- When was EcoPlant acquired and by whom?
- EcoPlant was acquired by Ingersoll Rand in June 2023.
- Which company led EcoPlant's Series A funding round?
- In August 2020, EcoPlant raised its Series A funding round, which was led by Ecolab.
- Did EcoPlant receive any grants?
- In August 2018, EcoPlant secured a grant from the Israel Innovation Authority.
- What was a key partnership for EcoPlant?
- In June 2022, Ecolab entered into a partnership with EcoPlant to offer energy-saving solutions for compressed air systems.