LineStream Technologies
closedSoftware solutions for industrial automation control systems.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
$1.5m | Early VC | ||
| Total Funding | 000k | ||
LineStream Technologies Inc. developed software-based control solutions for the industrial automation and motor-controlled products sector. The company was founded in 2008 by Zhiqiang Gao as a spin-off from Cleveland State University's Center for Advanced Control Technologies, based on a decade of his research. David Neundorfer later served as the company's CEO and President.
The firm's core business involved creating software that monitors automated equipment for disturbances like vibration or temperature variations, which can cause undesirable movements in machinery such as robots. By eliminating these disturbances, the software aimed to simplify machine programming and reduce energy consumption. The product portfolio included InTAC (Industrial Tuning and Control), a closed-loop performance optimizer, and SpinTAC, which addressed similar issues in motors. These solutions were designed to enhance accuracy, improve energy efficiency, and simplify the commissioning process for a range of automated products, from household appliances to heavy manufacturing equipment. The business model focused on licensing its software. The company secured licensing agreements with major industry players, including Texas Instruments and Parker Hannifin Corp.
Over its lifetime, LineStream raised a total of $7.96 million in funding over five rounds. Key investors included USVP, Early Stage Partners, and Danfoss. A significant milestone was a strategic partnership with Danfoss Drives in September 2015, which planned to integrate LineStream's software across its product portfolio. According to several sources, LineStream Technologies is now considered a deadpooled or acquired company.
Keywords: industrial automation software, motion control software, embedded control systems, motor control technology, machine optimization, energy efficiency, process control, robotics software, SpinTAC, InTAC, Zhiqiang Gao, automated systems, performance optimization, vibration control, manufacturing automation, advanced control algorithms, Texas Instruments, Danfoss, Parker Hannifin