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 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 into system operation, energy consumption, and machinery analytics, enabling users to identify inefficiencies, track idle time, and enhance production reliability. EcoPlant serves markets within the industrial manufacturing sector, particularly focusing on operational optimization and eco-efficient manufacturing within the Energy Tech and Climate Tech sectors.
Strategic signal
EcoPlant's acquisition by Ingersoll Rand in June 2023 for $50 million signals a significant validation of its energy-saving SaaS solution for compressed air systems. This acquisition by a major industrial player indicates a growing industry demand for AI-driven operational efficiency and sustainability solutions, positioning EcoPlant's technology for broader market integration and impact under a larger corporate umbrella.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent corporate development for EcoPlant?
- EcoPlant was acquired by the U.S. giant Ingersoll Rand for $50 million in June 2023, marking a significant exit for the Israeli startup.
- When did EcoPlant raise its Series A funding round?
- In August 2020, EcoPlant raised $8 million in Series A funding, with Ecolab participating as a lead investor, to reduce factories' energy use across the U.S.
- Which company did EcoPlant partner with in 2022?
- In June 2022, EcoPlant entered into a partnership with Ecolab to offer an energy-saving solution for compressed air systems.
- When did EcoPlant secure its Seed funding round?
- In August 2018, EcoPlant secured Seed funding with Benhamou Global Ventures as a lead investor.
- Has EcoPlant received any grants?
- Yes, in August 2018, EcoPlant received a grant from the Israel Innovation Authority.