Nanoprecise is an AI &a; IoT company that is revolutionizing the field of predictive maintenance by accurately diagnosing faults in machines.
Business Model:
Revenue: $0
Employees: 11-50
Address:
City: Edmonton
State: Alberta
Zip:
Country: Canada
Nanoprecise has created a "patent-pending" solution (hardware + software) that combines physics, material science, and data analytics to diagnose issues with machinery and detects anomalies, characterizes the faulty components and predicts the "Remaining Time to Failure." Nanoprecise&s;s sensor is the first sensor in the world that extracts RPM, vibration, sound, temperature &a; humidity information, all from one sensor. The software (which is built on AI algorithms that are only limited to research papers until now) analyzes the data from various sensing elements and achieves anomaly detection, fault characterization &a; remaining useful life prediction. This end to end solution can be deployed cost-effectively and can be utilized on any machine in the world in any industry. Since Nanoprecise was founded in Dec 2017, it has customers spanning across Oil &a; Gas, Mining, Utilities, HVAC &a; Infrastructure sectors.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2018 | Grant | 2 | $175k |
Alberta Innovates Government of Alberta Alberta Innovates Government of Alberta |
10/2017 | Pre Seed Round | 2 | $750k |
Advanced Technology Centre Brian Craig Advanced Technology Centre Brian Craig |
3/2020 | Seed Round | 1 | $744.2k |
Brian Craig Brian Craig |
1/2023 | Series B | $0 |
EC Mergers &a; Acquisitions Export Development Canada Honeywell Venture Capital NSK EC Mergers &a; Acquisitions Export Development Canada Honeywell Venture Capital NSK |
5/2019 | Seed Round | 1 | $750k |
Brian Craig Brian Craig |
4/2021 | Series A | 1 | $4M |
Sensata Technologies Sensata Technologies |
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