Nanoprecise, an Edmonton, AB, Canada-based AI-powered vitality centered predictive upkeep answer firm, raised US$38M in Sequence C funding.
The spherical was led by Yaletown Companions and BDC’s Industrial Innovation Enterprise Fund, with participation from Export Growth Canada, BMO Capital Companions, alongside a Credit score facility from CIBC Innovation Banking.
The corporate intends to make use of the funds to broaden operations and its improvement efforts.
Led by CEO Sunil Vedula, Nanoprecise Sci Corp is an AI-powered vitality centered predictive upkeep answer combining IoT sensor know-how with synthetic intelligence and machine studying to enhance effectivity of machines and contribute to sustainability.
Its answer is constructed for robust environments, with certifications corresponding to Zone 0 and C1D1 necessities, all whereas being cybersecure by design (SOC II Kind II licensed).
The crew just lately included:
- Param Desai that joined as Chief Product Officer (CPO), driving AI-powered product innovation.
- Kevin Clark that joined as Chief Evangelist, serving to industries embrace ECM.
FinSMEs
27/03/2025
