PipeCloud Secures First Ever External Funding Round

PipeCloud is thrilled to announce the successful completion of its first ever external funding round. The round was led by a group of prominent angel investors from Finland and further supported by Business Finland. This funding will enable PipeCloud to rapidly scale up its operations and propel its SaaS platform for the production management of industrial piping fabrication to global markets.

With this financial backing, PipeCloud is poised to accelerate the development and deployment of its groundbreaking modular technology, designed to transform the way industrial piping systems are fabricated and managed. By offering a comprehensive Software-as-a-Service (SaaS) solution, PipeCloud empowers industrial enterprises to streamline production processes, optimize resource utilization, and enhance overall operational efficiency.

“Securing this first external round of funding is an exciting milestone for PipeCloud,” said Jarno Soinila, CEO and Co-founder of PipeCloud. “We are grateful to our angel investors for their trust in our vision and thrilled to receive support from Business Finland. This financial injection will increase the total investments to more than €2M, which empowers us to propel PipeCloud to new heights and revolutionize the production management of industrial piping fabrication globally.”

PipeCloud’s SaaS platform provides a comprehensive suite of tools and features for the end-to-end management of industrial piping fabrication. From importing engineering data automatically to work effort calculation, production planning, inventory management, and quality control, PipeCloud offers a unified solution that integrates seamlessly with existing systems and workflows. By leveraging advanced analytics, real-time monitoring, and collaborative features, PipeCloud enables companies to optimize their production processes, reduce costs, and enhance overall productivity.

“The investment from our angel investors and Business Finland reaffirms our position as a disruptive force in the industrial piping industry,” commented Olli Yliaho, CTO and Co-founder of PipeCloud. “This funding will play a pivotal role in driving our research and development efforts, expanding our global footprint, and forging strategic partnerships to bring PipeCloud to market and transform the production management landscape.”

PipeCloud aims to address the significant challenges faced by industrial enterprises in managing the fabrication of complex piping systems. By offering a cloud-based SaaS solution, the company provides an intuitive and scalable platform that centralizes production management, improves collaboration, and drives operational excellence.

PipeCloud is a modular SaaS based Manufacturing Execution, Quote calculation and Work effort estimation system for pipe pre-fabrication workshops, dealing with unique pipe spools. PipeCloud Oy is a Finnish startup company founded in 2018.