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 a total capital raised of $9.75 million. A significant milestone occurred in June 2023 when EcoPlant was acquired by Ingersoll Rand.
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 for continuous monitoring and control, 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 industries focused on clean manufacturing, climate tech, and operational optimization, particularly within the Energy Tech sector.
Strategic signal
In June 2023, EcoPlant was acquired by U.S. giant Ingersoll Rand. This acquisition validates EcoPlant's innovative approach to energy efficiency in industrial settings and signals a strategic move by a major multinational to integrate advanced AI-driven optimization into its offerings, enhancing its market position in sustainable industrial solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is EcoPlant's primary offering?
- EcoPlant offers an AI-powered software solution that optimizes the performance of 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 U.S. giant Ingersoll Rand in June 2023.
- What was EcoPlant's last disclosed funding round?
- In August 2020, EcoPlant raised $8 million in Series A funding, with Ecolab participating as a lead investor.
- Which investor led EcoPlant's Seed round?
- In August 2018, Benhamou Global Ventures led EcoPlant's Seed funding round, which raised $1.7 million.
- Did EcoPlant receive any non-equity funding?
- Yes, in August 2018, EcoPlant secured a grant from the Israel Innovation Authority.