Nanoprecise Sci Corp Raises USD $10M in Series B Funding

Funding Rounds

▤ Summary

Nanoprecise Sci Corp, an Edmonton, Canada-based provider of AI-based condition monitoring & prescriptive maintenance solution, raised $10M in Series B funding. The round was led by Export Development Canada, with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions. The company intends to use the funds to accelerate the international deployment of its solutions. Led by CEO Sunil Vedula, Nanoprecise Sci is an automated AI-based predictive maintenance solution provider that specializes in the implementation of Artificial Intelligence and IIoT technology for predictive asset maintenance and reducing the carbon footprint of manufacturing plants. Nanoprecise works with companies across various sectors to help drive their Industry 4.0 journey.

$ Funding

$
Amount $10.0M Total raised
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Date January 10, 2023 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
Predictive Maintenance Software Industrial IoT Software AI Software

▦ Linked Companies

Nanoprecise
$1M to $5M