Nanoprecise Sci Corp

About:

Nanoprecise is an AI & IoT company that is revolutionizing the field of predictive maintenance by accurately diagnosing faults in machines.

Website: http://www.nanoprecisesc.com

Top Investors: Export Development Canada, Alberta Innovates, Sensata Technologies, EC Mergers & Acquisitions, Adventure Capital

Description:

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 sensor is the first sensor in the world that extracts RPM, vibration, sound, temperature & 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 & 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 & Gas, Mining, Utilities, HVAC & Infrastructure sectors.

Total Funding Amount:

$19M

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Edmonton, Alberta, Canada

Founded Date:

2017-04-04

Contact Email:

solutions(AT)nanoprecise.io

Founders:

Prashant Verma, Sunil Vedula

Number of Employees:

51-100

Last Funding Date:

2023-09-29

IPO Status:

Private

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