8 years ago

Senseye Secures £3.5 Million in Series A Funding to Expand Predictive Maintenance Software

  • Senseye, a London-based provider of predictive maintenance software, has raised £3.5 million in Series A funding

  • The round was led by MMC Ventures with participation from existing investors Breed Reply, IQ Capital, and Momenta Partners

  • Senseye's cloud-based software solution uses machine learning to predict machine failures, enabling industrial companies to reduce maintenance costs

  • The funding will be used to expand adoption of the product and its research and development teams.

      • ProblemTechnology

      "Industrial companies face huge costs when machines break down unexpectedly. This can lead to production downtime, lost revenue, and expensive repairs."

      Solution

      "Senseye's software uses machine learning to predict when machines are likely to fail. This allows companies to schedule maintenance before breakdowns occur, saving money and avoiding downtime."

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