Raleigh energy data startup Ndustrial raises $18.5 million, will double headcount

Ndustrial, a Raleigh startup that helps companies collect data on their energy consumption, has raised $18.5 million from investors and plans to double its headcount, Ndustrial's CEO Jason Massey tells Axios. Why it matters: Ndustrial helps companies collect real-time data from their factories or warehouses, which it then puts into an analytics platform to help them manage their energy consumption and reduce costs. Driving the news: Ndustrial's funding round is being led by Swiss industrial giant ABB and the Korean energy company GS Energy, a partnership that Massey says will...