Aatmunn secures up to $8 million in growth funding from Memento Growth Partners to expand SPANR.
This funding will accelerate the sales, marketing, and research & development of SPANR, an industrial operations intelligence layer.
Livonia, Michigan, October 13, 2023 /PRNewswire/ — Industrial intelligence company Aatmunn today announced it has secured up to $8 million in growth funding from Memento Growth Partners (MGP), based in Santa Monica, with participation from existing investors. The company stated that the funds will expand Aatmunn’s sales and marketing team and accelerate the development of SPANR, including AI integration.
SPANR is a unified data layer designed for frontline industrial operations. It connects equipment from different manufacturers, standardizes their data, and applies AI-driven insights to enable teams to take action in real-time scenarios—such as worker safety, gas detection, asset tracking, and inspections—with the ability to rapidly expand to additional use cases. SPANR, which has passed SOC 2 Type II auditing, is trusted by over 300 enterprises across the United States, Canada, and Europe, and is relied upon by safety teams protecting more than 80,000 workers.
“Industrial companies now have more data than ever, but this data is scattered across devices, systems, and sites that were never designed to communicate with one another,” said Praveer Kumar, Co-founder and CEO of Aatmunn. “SPANR transforms this fragmentation into a real-time map of people, assets, and risks, helping teams make decisions and take action. MGP understands this layer is mission-critical, and their partnership will help us bring SPANR to more frontline operational scenarios worldwide.”
“Traditional industrial environments are where AI can unlock the most direct value, yet they are also the most challenging to deploy in,” said Kareem El Sawy, Founder and Managing Partner at Memento Growth Partners. “Aatmunn has accomplished the hardest work: a decade of on-site experience, integration with multiple OEM devices, audit-grade record-keeping systems, and a growing roster of blue-chip clients. We believe SPANR will become the intelligent layer adopted as standard by industrial enterprises, and we’re thrilled to support this team as it scales.”
Aatmunn’s clients include Fortune 500 companies in the energy, aerospace, logistics, construction, and advanced manufacturing sectors. In a partnership with a global supply chain leader, SPANR supports their Connected Safety business, and this collaboration is now expanding into equipment leasing.
For OEMs, SPANR is a white-label platform: a recent industrial hardware OEM launched two product lines on SPANR, compressing what was originally a three-year software roadmap into just five and a half months. Their fixed-scope Audit-in-a-Box and Inspection-in-a-Box offerings enable deployment of SPANR into customers’ own operations within weeks.
About Aatmunn
Aatmunn’s mission is to improve the lives of over 2 billion frontline workers. Founded in 2014 as Guardhat, the company unifies industrial data through the SPANR platform and applies AI to protect workers, optimize workplaces, and enhance asset performance. For more information, visit www.aatmunn.com.
About Memento Growth Partners
Memento focuses on providing growth equity to venture-backed, stage-growth software companies in transition. We offer growth capital to companies delivering mission-critical, vertical, mature enterprise products with AI capabilities. Learn more at www.mementogp.com.
Media contact
Aatmunn Media Relations
[email protected]
+1 (313) 771-2129
SOURCE Aatmunn