Conundrum, a Cambridge, UK-based AI driven industrial startup, raised $1.5m in seed funding.
Speedinvest Industry made the investment.
The company intends to use the funds to expand across Europe and the US.
Launched in Russia, Conundrum provides a SaaS based, AI driven platform for factories in several areas to solve the tasks of predictive maintenance, optimization and quality control proper of 4.0 industry.
The company is delivering its AI-based solutions to a number of industries including Chemical Production, Pulp & Paper, Oil & Gas, Steel & Mining, CPG Manufacturing, Equipment Manufacturing.