Nanoprecise, a predictive maintenance platform, has announced an investment led by Sensata Technologies, an industrial technology company and provider of sensor-rich solutions that create insight for customers.
According to a statement made by the company, this funding will allow Nanoprecise to continue its growth with the support of Sensata, a global business focused on sensing and data insight.
“Founded in 2015 in Edmonton, AB, Canada, Nanoprecise has built a rapidly growing global position in the fast-growing IoT industry. Nanoprecise has created a unique 6in1 IoT sensor named the MachineDoctor™ and this IoT sensor is integrated with advanced analytics software that is driven by ML/AI algorithms providing truly automated predictive and prescriptive maintenance,” the statement added.
Sensata’s investment in Nanoprecise is guided by its strategic growth initiative to expand its Industrial Internet of Things and Machine Health Monitoring (MHM) offerings.
“We see tremendous opportunity to partner with Nanoprecise, a leader in the development of advanced hardware and software to monitor and predict the remaining useful life of our customer’s rotary equipment,” said Naoto Mizuta, Vice President, General Manager, Sensata Industrial. “We are excited to partner with Nanoprecise to advance its solution and meet our strategic objectives around data insights in the MHM space.”
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