3DSignals, a Kfar Saba, Israel-based developer of acoustic-based analytics solutions for industrial machines, raised a $12m Series A funding round.
The round, which brought total funding raised to date to $17m, was led by State of Mind Ventures, with participation from Grove Ventures, Mr. Enrique M. Aboitiz Jr. from the Philippines, and German Dive Digital.
The company intends to use the funds to continue to expand operations and increase its install base over the next few months across Europe.
Founded in 2015 and led by Ariel Rosenfeld, CEO, Offer Affias, co-founder and CTO, Amit Ashkenazi, co-founder and VP R&D, and David Koren, VP Operations, 3DSignals provides acoustic-based technology, coupled with AI and machine learning, to extract operational performance parameters such as availability, speed, and health of industrial machines, and generate insights that improve utilization and increase machines’ productivity. The 3Dsignals solution, which can be installed in less than an hour, works with a variety of machines from different vendors, both old and new, and shows immediate value.