Emerson Ventures Invests in First Resonance
/Strategic investment from Emerson's corporate venture capital arm supports First Resonance's ION Factory Operating System
ST. LOUIS, Sept. 27, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today announced it has made a strategic investment through Emerson Ventures, its corporate venture capital arm, in First Resonance, a Los Angeles-based start-up transforming manufacturing with its ION Factory Operating System (OS).
Through Emerson Ventures' value-add strategic investment approach, Emerson's investment will support further growth and development of First Resonance's ION Factory OS, which enables companies across industries to conduct day-to-day operations and connect workflows to power modern operations, from production to supply chain procurement and quality.
"As Emerson continues to accelerate its growth as a leading global automation company, we are constantly searching for innovative companies supporting the development of world-changing software and technologies," said Thurston Cromwell, vice president of development and innovation, and head of Emerson Ventures. "This strategic investment brings together Emerson's deep expertise in automation and First Resonance's operating system that helps companies modernize their technology, automate their processes and build transformational products of the future."