EcoPlant

Energy-saving SaaS Solution for Compressed Air Systems

Energy Tech
Acquired by Ingersoll Rand on Jun, 2023

Company Overview

Snapshot

Founded in March 2016 by Aviran Yaacov, Moti Yakov, and Yaron Harel, EcoPlant operates with 51–200 employees. The company raised $9.75 million across four funding rounds from three investors. In June 2023, EcoPlant was acquired by Ingersoll Rand.

Business overview

EcoPlant offers an AI-driven software solution designed to optimize the performance of compressed air systems. By connecting to controllers and sensors, its technology continuously monitors and controls these systems, aiming to reduce energy waste and improve maintenance. The platform provides 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 Ingersoll Rand, a multinational industrial company. This acquisition signals strong market validation for EcoPlant's AI-powered energy-saving solutions for compressed air systems, indicating a strategic move by a major industry player to integrate advanced efficiency technologies into its offerings and expand its digital capabilities.

Company Intelligence Q&A

What was a significant recent corporate development for EcoPlant?
In June 2023, EcoPlant was acquired by Ingersoll Rand. This acquisition marked a key milestone for the company, integrating its energy-saving SaaS solution into a larger industrial portfolio.
When did EcoPlant last raise a funding round?
In August 2020, EcoPlant raised an A Round of $8 million from Ecolab.
What was EcoPlant's first disclosed funding event?
In August 2018, EcoPlant secured a Seed round of funding with Benhamou Global Ventures as a lead investor.
Has EcoPlant received any non-equity funding?
Yes, in August 2018, EcoPlant received a grant from the Israel Innovation Authority.
Did EcoPlant participate in any accelerator programs?
In July 2019, EcoPlant received funding from Techstars Accelerator, indicating participation in their program.

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