Elevated Signals, a Vancouver company that developed manufacturing software originally designed for a nascent legal cannabis industry, has raised $7.9 million in Series A funding.
The Series A funding round was led by Vancouver’s Yaletown Partners. Other funding partners include Third Kind Venture Capital, WGD Capital, Colin Harris, Raiven Capital, and Pareto Holdings.
Elevated Signals got its start making enterprise resource planning (ERP) software for the cannabis sector, which presented some unique challenges, one of them being that it is a new and highly regulated industry.
The company has since expanded its services to include sectors like agriculture, natural health product manufacturing, critical minerals recovery and mining. Elevated Signals is a cloud-based platform that “automates and simplifies the capture of real-time manufacturing data,” the company says.
“Traditional ERP systems are often too rigid for modern and complex manufacturing operations, which can force reliance on paper and spreadsheets, limiting access to operational data and ultimately hurting profitability,” said Elevated Signals CEO and co-founder Amar Singh.
“We learned quickly that ease of deployment and the ability to support diverse processes was a top priority for our customers,” said Elevated Signals co-founder and COO Hardeep Shoker.
“Being able to quickly unlock access to manufacturing data, costs, and records, makes it possible to optimize operations, better manage product quality, and gain a clear financial picture. We are inspired by our pioneering customers and believe that they deserve better tools that don’t pre-date their industries.”
Singh said the Series A funding will help the company expand.
“This capital will fuel our expansion as we diversify the industries we serve with a focus on high-growth and tech-forward manufacturing businesses, especially those driving progress in food, energy, health, and beyond.”
