Expansion funding raised by SA industry 4.0 solution business Stone Three

Stone Three, a leading industry 4.0 solution company that combines professional services with the power of machine learning to solve challenges that improve operational productivity while keeping people safer, healthier, and happier, has received expansion investment from Knife Capital.

Stone Three’s end-to-end AI-augmented digital productivity, health, and workplace safety solutions comprise enterprise-scale software that includes powerful machine learning, video analytics, healthcare technologies, and deep domain knowledge.

So far, the business has been self-funded by operations and shareholders, but it has just received expansion financing from venture capital firm Knife Capital to expand its enterprise product offerings and accelerate growth by putting the future of work into practice.

“Actionable insights and sustainable business value from data help fuel the Fourth Industrial Revolution and Stone Three partners with the firms that built the world of today to create the future of work by leveraging the benefits buried in their industrial data,” said Derick Moolman, Stone Three’s chief executive officer (CEO). “My former partners and I were fortunate to work closely with the Knife Capital founder in a previous successful venture and I’m excited to have this funder of choice alongside us in Stone Three’s growth journey.

Moolman previously co-founded CSense Systems, which was backed by Mark Shuttleworth’s Knife Capital-managed “Here-Be-Dragons” venture capital fund. CSense was a process analytics business that created quick process diagnosis and process optimization software solutions for industrial applications before being bought by GE Intelligent Platforms, located in the United States, in 2011.

“It is a tough challenge to successfully blend data analytics with invaluable human experience and institutional knowledge to achieve measurable results in increasing operational productivity. Through our previous successful venture capital exit with Derick and CSense we built a trust relationship and knowing the technology development capability of the Stone Three team, we are excited to be an investor here. We look forward to adding value in their continued growth journey,” said Keet van Zyl, partner, and co-founder at Knife Capital.