CANADA – 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. The company is defining the industry’s service standard for the monitoring & analytics of all types of industrial machines, through their leading energy efficiency & health analytics platform for industrial assets. Nanoprecise works with companies across various sectors to help drive their Industry 4.0 journey.10/01/2023
