Amper

Amper

Machine monitoring and operational analytics platform

About Amper

Simplify's Rating
Why Amper is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Industrial & Manufacturing

Company Size

11-50

Company Stage

Series A

Total Funding

$10.7M

Headquarters

Chicago, Illinois

Founded

2016

Overview

Amper specializes in machine monitoring and operational analytics for the manufacturing sector. Its platform provides real-time insights into how machines are being used, their performance, and maintenance requirements. This information helps manufacturers improve their production efficiency and reduce waste. Amper operates on a Software-as-a-Service (SaaS) model, allowing clients to subscribe to its tools and access scalable solutions. Unlike many competitors, Amper focuses specifically on the needs of manufacturers looking to adopt Industry 4.0 practices. The company's goal is to help manufacturers optimize their workflows and enhance their competitiveness in the market.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased IoT adoption boosts demand for Amper's machine monitoring solutions.
  • Predictive maintenance trends create opportunities for Amper's advanced analytics offerings.
  • Manufacturers' digital transformation initiatives drive demand for Amper's real-time data analytics.

What critics are saying

  • Emerging startups with similar solutions could erode Amper's market share.
  • Rapid AI and IoT advancements may strain Amper's innovation resources.
  • Economic downturns in manufacturing could reduce spending on Amper's SaaS solutions.

What makes Amper unique

  • Amper offers a plug-and-play solution for digitizing manufacturing processes.
  • The company provides real-time insights into machine utilization and operational performance.
  • Amper's SaaS model ensures scalable and flexible solutions for manufacturers.

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Funding

Total Funding

$10.7M

Below

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$11M
Amper
$15M
Canva
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
TechCrunch
Apr 22nd, 2022
Amper Is Providing A Plug-And-Play-Solution To Digitize Manufacturing

It took a pivot for Amper to find its footing. Founded in 2016 with hopes of building a smart circuit breaker for the home, the company had to take a long look at the their place in the market — or lack thereof. “We got into HAX with that idea, and then completely invalidated it,” []

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