Petasense, a San Jose, Calif.-based Industrial IoT startup, emerged from stealth with $1.8m in seed funding.
The round was led by True Ventures with participation from Felicis Ventures and participation from angel investors Trae Vassallo and Gokul Rajaram.
Co-founded by Arun Santhebennur and Abhinav Khushraj, Petasense offers an end-to-end solution that combines sensors with predictive maintenance software in order to enable customers to monitor industrial machines using vibration. Its patent-pending wireless sensor, called the Vibration Mote, along with cloud software and machine learning analytics, allows users to monitor condition and asset reliability.
Industrial customers are able to monitor, assess and predict the health of their critical assets and detect imminent machine failures before they occur.
The company, whose portfolio of clients now includes JLL, C&W Services, Silicon Valley Power and Stanford University, has logged more than one million sensor measurements comprising of 18 billion vibration readings.
FinSMEs
22/06/2017