Stockholm -based industrial technology company IPeperspt In order to accelerate their expansion in European production centers, to scale the deployment of customers, and to increase its team, maintenance and manufacture teams have collected $ 5 million to make the distribution of prediction AI platforms.
The funding round was led by Luminar Ventures, with the participation of existing investors, including Runwayfubu, Backstage Invest, AI Fund and J2.
“We are making AI applied to enable the people on the floor of the true change-makers of the industry. Europe remains as a manufacturing power house, yet we continue to lose the price by reducing the resources we have already received. The AI Revolution came at the right time for the EPPT: with our unique operational data stream and curata domain knowledge we turned into a new level of unnecessary possibilities skills” FlopFounder and CEO of EPPORPT.
After five years of research at the Royal Institute of Technology in Stockholm, Ipersapes were established, developing patent data collection and analysis methods that enable manufacturers to monitor the health of the machine without the need for consolidation of complex systems or the need for cyberquacy risk.
Ipersape argued that against the traditional fanatic predominant maintenance solution, their predominant AI platform collected and analyzed the data of the machine without modifying the existing infrastructure, not providing fast installation and functioning insights. “”.Days of implementation“.
Since the launch of commercially in 2022, Ipersapes has provided more than a dozen European manufacturers, including scania, vulvo, bosh, toyota, apiroc and coronnes, which is everything that maintains 100% customer’s rate.
Its technology claims that companies enable uptime to increase uptime, increase productivity and improve the quality of the product with minimum setup and rapid deployment.
“The team of the EPPERPT has shown exceptional viewpoints and performances. Their prediction AI platform is about to play an important role in rebuilding the efficiency of the industrial machine and we are interested in supporting them as a scale” Magnus BergmanLuminar Venture is the founding partner.
According to the data provided by the Epersept, the manufacturing industry faces the loss of $ 1 trillion annual productivity due to machine downtime, inefficiency and quality damage. Many existing solutions require expensive consolidation efforts, which make manufacturers difficult to access high quality-quality machines. At the same time, the growing skills are leaving the production and maintenance teams with low experienced technicians and making the gaps of knowledge even wider.
The Ipersept’s predictive AI platform shows them to meet this gap with their platform, manufacturers can improve skills, reduce the unplanned downtime, and can optimize production quality-to facilitate the decision-making of the machine with fact-based insights to increase the decision of the machine and increase protection.
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