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§ Private Profile · Los Gatos, CA, USA
Plex is a company.
Plex has raised $90.0M across 2 funding rounds.
Key people at Plex.
Plex has raised $90.0M in total across 2 funding rounds.
Plex offers a versatile media platform, enabling users to organize and stream personal digital libraries across devices. It also provides a free, ad-supported streaming service with thousands of movies, TV shows, and live channels. This platform centralizes diverse entertainment, acting as a unified hub for accessible media.
Plex was founded in December 2009 by Elan Feingold, Cayce Ullman, and Scott Olechowski. Recognizing a critical need for streamlined personal media management, the founders developed their powerful media server. This innovation fundamentally transformed how individuals accessed digital content, forming the cornerstone of their expanding platform.
The platform serves diverse users, from media enthusiasts to consumers seeking free streaming. Plex’s mission is to cultivate a global community, empowering everyone to discover, experience, and share entertainment important to them. The company aims to be the central destination for digital media, continually evolving its offerings.
Key people at Plex.
Plex has raised $90.0M across 2 funding rounds. Most recently, it raised $40.0M Series C in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 29, 2024 | $40M Series C | Intercap | Kleiner Perkins | Announced |
| Apr 14, 2021 | $50M Series C | James Merkur | — | Announced |
Plex Systems, Inc. (commonly known as Plex) is a manufacturing software company that builds the Plex Manufacturing Cloud, a native cloud-based ERP (Enterprise Resource Planning) platform designed specifically for modern manufacturers. It serves over 600 customers globally, primarily in the manufacturing sector, by solving key pain points like increasing throughput in existing facilities, optimizing profits per order, managing supply chain risks, and handling high-volume plant floor data in real-time[6][7]. The platform integrates insights from production lines to provide a complete view of business operations, aiming to create "the happiest ERP customers in history" through innovation and customer success[2][6].
Founded in 1995 and headquartered in Troy, Michigan, Plex was acquired by Rockwell Automation in 2021, enhancing its scale and employee experience while maintaining a manufacturing-first focus[6][7]. With around 509 US employees, it emphasizes a "better together" culture and leads in smart manufacturing platforms[6][7].
Plex Systems was founded in 1995 in Troy, Michigan, emerging from shop floor innovation where a key individual identified and solved manufacturing problems differently from traditional approaches[6][7]. This hands-on origin on the plant floor drove the creation of a manufacturing-centric ERP solution, challenging legacy systems and setting new standards[6]. Early traction came from building a complete, native cloud ERP "from the plant floor up," which resonated with forward-thinking manufacturers seeking agility amid evolving market demands[6][7].
The company's evolution accelerated with its 2021 acquisition by Rockwell Automation, boosting its resources and reinforcing its mission to empower makers through smart manufacturing[7]. Pivotal moments include fostering a culture of integrity, innovation, and customer obsession, which has sustained growth to serve global customers[6][7].
Plex stands out in the crowded ERP market through these key strengths:
Plex rides the smart manufacturing movement, capitalizing on Industry 4.0 trends like IoT, AI-driven analytics, and cloud-native operations that demand real-time plant floor insights amid supply chain volatility and digital transformation[6][7]. Timing is ideal as manufacturers face pressure to optimize existing assets without massive CapEx, where Plex's platform squeezes efficiency from current setups while scaling with data volume[6].
Market forces favoring Plex include rising ERP cloud adoption (projected to dominate by 2025) and post-pandemic reshoring, amplifying needs for resilient, integrated systems[6][7]. It influences the ecosystem by setting standards for manufacturing ERP, partnering with giants like Rockwell Automation to accelerate adoption and inspire competitors toward customer-obsessed, innovation-led models[7].
Plex is poised to dominate smart manufacturing ERP as AI, edge computing, and sustainability mandates intensify, potentially expanding into predictive maintenance and circular economy tools via Rockwell synergies. Trends like generative AI for supply chains and zero-trust plant security will shape its trajectory, evolving Plex from a cloud pioneer to an indispensable platform for resilient factories. Its influence will grow by empowering more makers to thrive in volatile markets, fulfilling the original shop floor vision on a global scale—transforming manufacturing one innovative insight at a time.
Plex has raised $90.0M in total across 2 funding rounds.
Plex's investors include Intercap, Kleiner Perkins, James Merkur.
