Pulse Industrial, a Waterloo, Canada-based industrial tech company, raised a new funding round of undisclosed amount.
The round was led by Momenta, with participation from Celtic House Asia Partners, SOSV, and Phoenix VP as a new investor.
The company intends to use the funds to advance research and development, and to integrate valuable partnerships to expand coverage to all areas in North America and beyond.
Led by CEO and Founder Thomas Uhlenbruck, Pulse Industrial has developed an Artificial Intelligence platform for their IoT products that provides advanced accuracy in both diagnostics and reporting for industrial equipment failure monitoring. Utilizing easy-to-install, wireless, smart monitors over LoRaWAN networks, Pulse cloud solutions deliver failure alerts through email and dashboard in real time to improve plant and building efficiency, decrease downtime, and optimize equipment functionality.
The technology yields enormous cost savings for a wide variety of industries, such as manufacturing, pharmaceutical, hospitals, universities, and food & beverage.
FinSMEs
30/03/2023