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Presage Insights, which offers IoT and AI-based predictive maintenance, has raised Rs 5.6 crore in a seed funding round led by YourNest Venture Capital.
The startup plans to use the fresh funds to expand its market presence, scale operations and accelerate innovation.
The company plans to introduce new hardware models for industrial use and expand into international markets such as the Middle East, South America and South Asia.
Read also- GenAI startup Origamis AI Raises $500K Funding In Seed Round
About Presage Insights
Founded in 2021 by Aman Bhambra, Atul Sharma and Kamalpreet Singh Sidhu, the Noida-based Presage Insights provides a platform that combines advanced IoT sensors with cloud-based software to monitor machine health in real-time.
The platform uses AI-driven diagnostics to predict and prevent equipment failures, helping manufacturers save up to $6,000 per machine each year, extend equipment life and address the skills gap in the workforce.
The startup aims to improve the industrial AI and IoT landscape by helping manufacturers boost efficiency, productivity and sustainability. It focuses on reducing machine breakdowns, enhancing predictive maintenance and turning manufacturing into an intelligent, automated system that maximizes value and reduces waste.
Presage Insights provides predictive, real-time solutions that help manufacturers reduce waste, optimize resources and improve productivity. Its predictive maintenance solutions are already being used in industries like FMCG, steel, cement, automotive and process manufacturing, with major customers including Adani, Abbott Healthcare, BPCL and Kansai Nerolac.
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