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2024 Revenue

$2.9M

Funding

$2.1M

YOY

86.5%

Team

20

Founded

2017

How Industrial Analytics IA CEO Richard Bussow grew to $2.9M revenue with a 20 person team in 2024.

Developer of a solution for monitoring turbomachinery designed to support the German industry and machine operators with digitalization. The company's software as a service model offers online condition monitoring for machines and plants of the process industry, enabling companies to reduce operating costs and increase availability.

Last updated

Industrial Analytics IA Revenue

In 2024, Industrial Analytics IA's revenue reached $2.9M. The company previously reported $1.6M in 2023. Since its launch in 2017, Industrial Analytics IA has shown consistent revenue growth.

Industrial Analytics IA Revenue GrowthReported revenue / ARR over time$0$750K$1.5M$2.3M$3M$3.8M20172018201920202021202220232024$0$1.2M$1.6M$2.9MSource: GetLatka.com
YearMilestoneQuote
2024Industrial Analytics IA Hit $2.9m revenue in October 2024
2023Industrial Analytics IA Hit $1.6m revenue in October 2023
2021Industrial Analytics IA Hit $1.2m revenue in April 2021
2017Launched with $0 revenue

Industrial Analytics IA Valuation, Funding Rounds

Industrial Analytics IA has not publicly disclosed its valuation. The company has raised $2.1M in total funding to date.

Industrial Analytics IA has raised $2.1M in total funding across 2 rounds, with its most recent round in 2019.

Industrial Analytics IA Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$500K$1M$1.5M$2M$2.5M201720182019$2.1MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2019Funding round$1.8M--
2017Funding round$303.6K--

Founder / CEO

Richard Bussow

CEO

He had the idea and gathered the team to start Industrial Analytics, building an AI service featuring engineering insights in chemicals and utilities using vibration and process models. We assist companies with their digital transformation with profound experience of rotating machines and associated processes.

Q&A

QuestionAnswer
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Customers

We do not have customer count information for Industrial Analytics IA yet.

Industrial Analytics IA Employees & Team Size

Industrial Analytics IA employs approximately 20 people as of 2026, including 7 sales reps that carry a quota.

Industrial Analytics IA Team GrowthReported headcount over time051015202520172018201920202021202220232024002020Source: GetLatka.com
YearMilestone
2024Reached 20 employees (October 2024)
2023Reached 20 employees (October 2023)
2022Reached 13 employees (October 2022)
2021Reached 18 employees (December 2021)
2021Reached 18 employees (April 2021)

Frequently Asked Questions about Industrial Analytics IA

What is Industrial Analytics IA's revenue?

Industrial Analytics IA generates an estimated $2.9M in annual revenue.

Who founded Industrial Analytics IA?

Industrial Analytics IA was founded by Richard Bussow.

Who is the CEO of Industrial Analytics IA?

The CEO of Industrial Analytics IA is Richard Bussow.

How much funding does Industrial Analytics IA have?

Industrial Analytics IA raised $2.1M across 2 rounds.

How many employees does Industrial Analytics IA have?

Industrial Analytics IA has 20 employees.

Where is Industrial Analytics IA headquarters?

Industrial Analytics IA is headquartered in Berlin, Berlin, Germany.

Compare Industrial Analytics IA to the industry

Industrial Analytics IA operates across multiple industries. Browse revenue, funding, and growth data for Industrial Analytics IA in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Industrial Analytics IA Revenue 2024: $2.9M ARR