Nanoprecise, an Edmonton, AB, Canada-based AI-powered energy centered predictive maintenance solution company, raised US$38M in Series C funding.
The round was led by Yaletown Partners and BDC’s Industrial Innovation Venture Fund, with participation from Export Development Canada, BMO Capital Partners, alongside a Credit facility from CIBC Innovation Banking.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Sunil Vedula, Nanoprecise Sci Corp is an AI-powered energy centered predictive maintenance solution combining IoT sensor technology with artificial intelligence and machine learning to improve efficiency of machines and contribute to sustainability.
Its solution is built for tough environments, with certifications such as Zone 0 and C1D1 requirements, all while being cybersecure by design (SOC II Type II certified).
The team recently included:
- Param Desai that joined as Chief Product Officer (CPO), driving AI-powered product innovation.
- Kevin Clark that joined as Chief Evangelist, helping industries embrace ECM.
FinSMEs
27/03/2025