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12.06.2019

Industrial Analytics successfully completes seed financing

About Industrial Analytics Industrial Analytics is an AI-IoT company that provides online condition monitoring for machinery and equipment in the process industry. The company's founders previously worked for several years at MAN Diesel & Turbo, a turbomachinery manufacturer. Prof. Friedrich of the Hasso Plattner Institute (HPI) is also a co-founder. There is close cooperation with the HPI in Potsdam in the field of machine learning. The vertical solution developed by Industrial Analytics, especially for large turbomachinery, covers both data acquisition and pre-processing as well as integration into an existing IT infrastructure and data evaluation. The main innovation of this solution is the integration of acoustic and vibration signals as well as the use of physical models of machines and plants in combination with machine learning. With the "TurboMonitor", operators can reduce their operating costs by operating their plants more efficiently and optimizing maintenance and repair. www.industrial-analytics.io

The early-stage financing of a seven-figure amount was carried out in open form jointly in equal parts by Senovo, an experienced venture capitalist for B2B and SaaS business models (Software-as-a-Service) and BFB Brandenburg Kapital GmbH. In addition to the HPI Seed Fund, a business angel is also involved in the company. Industrial Analytics uses rooms in the SAP Data Space. 

"We are pleased that we were able to win Senovo and Brandenburg Kapital as investors. This strengthens the trust of our customers and gives us the opportunity to further expand our operational business," says Anja Vedder, co-founder and managing director of Industrial Analytics. 

"Digitization is a huge challenge for industry. It is becoming increasingly clear that the combination of data-driven approaches and deep experience in industrial plant monitoring are the key factors for the successful implementation of efficiency gains. That's why we're delighted to be able to accompany the highly experienced Industrial Analytics team on this journey," says Markus Grundmann of Senovo.

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