Nikola Labs, a Columbus-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 Nikola Labs over $29m, and raising its total funding to date to $50m.
The company intends to use the funds to scale the business.
