Nikola Labs: Raises Additional $9M in Series A

Nikola Labs Raises Additional $9M in Series A

• Nikola Labs, a Columbus, OH-based provider of sensor-based reliability solutions that monitor the health of critical manufacturing equipment, raised an additional $9m in Series A funding
• The investment was made by Standard Investments, which was joined in the round by Osage University Partners (OUP) and JobsOhio Growth Capital Fund
• This additional capital closed out the Series A Preferred round, giving NikolaLabs over $29m, and raising its total funding to date to $50m
• The company intends to use the funds to scale the business
• NikolaLabs simplifies predictive maintenance and eliminates unplanned downtime for global manufacturers
• The company’s vibration sensors are deployed across North America and UK