Founded in 2017 by CEO Sunil Vedula- the Cleantech SaaS startup raises funds for product development & growth.
With a combination of AI + IoT + LTE-driven seamless monitoring, cutting-edge sensors, and prescriptive diagnostics, Nanoprecise’s predictive maintenance solutions aim to produce positive outcomes from day one.
They use cutting-edge, scalable technology to monitor the condition of the equipment in order to prevent unplanned downtime, which costs the global economy about $100 billion annually.
“We are excited to have closed our Series B investment round and are thrilled to welcome our new investors, who bring in a deep set of industry expertise and networks to Nanoprecise’s board. We believe their enterprise growth guidance will complement the depth of skills and experience represented on our board and leadership team, as we continue to scale and maintain our leadership in remote condition monitoring and energy efficiency monitoring sector,”
said Mr. Sunil Vedula, Founder & CEO at Nanoprecise Sci Corp.
The round was led by Export Development Canada (EDC), with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions.
The Canadian cleantech company’s delivery capabilities and product offerings in the area of energy efficiency and condition monitoring solutions are intended to be strengthened by this funding.
Congratulations team Nanoprecise on this successful round of funding from team SpotSaaS
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