Yaletown partners led the round, with participation from Export Development Canada and Business Development Bank of Canada. The company, led by CEO Sunil Vedula, helps big industrial players like energy companies and cement makers maintain their facilities more efficiently through AI. (The Logic)
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Yaletown partners led the round, with participation from Export Development Canada and Business Development Bank of Canada. The company, led by CEO Sunil Vedula, helps big industrial players like energy companies and cement makers maintain their facilities more efficiently through AI. (The Logic)
Talking point: Major industrial firms are increasingly using AI to predict problems in their systems. Nanoprecise’s technology, according to the company, helps maintenance crews decide which parts of a facility require repair, and how to schedule that work, driving energy savings. The company, which has now raised a total of US$59.8 million according to PitchBook, aims “to make maintenance teams the most informed, proactive decision-makers in the room,” Vedula said in a statement.
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