About Nanoprecise
Nanoprecise is a company based in Edmonton (Canada) founded in 2015 by Sunil Vedula and Prashant Verma.. Nanoprecise has raised $48 million across 5 funding rounds from investors including Honeywell, Sensata and Canadian Imperial Bank of Commerce. The company has 63 employees as of March 28, 2024. Nanoprecise offers products and services including MachineDoctor, NrgMonitor, and TransformerLF. Nanoprecise operates in a competitive market with competitors including UpKeep, Uptake, Uptime AI, I-Care and Infinite Uptime, among others.
- Headquarter Edmonton, Canada
- Employees 63 as on 28 Mar, 2024
- Founders Sunil Vedula, Prashant Verma
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Nanoprecise Data Services Private Limited
- Date of Incorporation 29 Dec, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$956.66 K (USD)37.27as on Mar 31, 2023
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Net Profit
$-136.23 K (USD)-1523.69as on Mar 31, 2023
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EBITDA
$-11.08 K (USD)-107.21as on Mar 31, 2023
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Total Equity Funding
$48 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Honeywell
& 8 more
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Employee Count
63
as on Mar 28, 2024
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Products & Services of Nanoprecise
Nanoprecise offers a comprehensive portfolio of products and services, including MachineDoctor, NrgMonitor, and TransformerLF. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monitors machine health with six parameters for predictive maintenance.
Tracks energy consumption to optimize maintenance and reduce costs.
Analyzes transformer health for industrial energy efficiency.
Funding Insights of Nanoprecise
Nanoprecise has successfully raised a total of $48M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series C - Nanoprecise | Valuation | Yaletown , BDC | |
| Mar, 2025 | Amount | Debt – Conventional - Nanoprecise | Valuation |
investors |
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| Oct, 2023 | Amount | Debt – Conventional - Nanoprecise | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nanoprecise
Nanoprecise has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Honeywell, Sensata and Canadian Imperial Bank of Commerce. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Technology investments are made to drive transformative industry growth.
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Commercial banking services for small and medium-sized enterprises are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nanoprecise
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nanoprecise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nanoprecise Comparisons
Competitors of Nanoprecise
Nanoprecise operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UpKeep, Uptake, Uptime AI, I-Care and Infinite Uptime, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Web-enabled solutions for asset operations and maintenance management are offered.
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
Provider of cloud based management solutions
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| domain | founded_year | HQ Location |
Predictive maintenance solutions are provided for industrial equipment.
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| domain | founded_year | HQ Location |
AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
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| domain | founded_year | HQ Location |
AI based platform offering predictive analytics solution
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nanoprecise
Frequently Asked Questions about Nanoprecise
When was Nanoprecise founded?
Nanoprecise was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Nanoprecise located?
Nanoprecise is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
Who is the current CEO of Nanoprecise?
Sunil Vedula is the current CEO of Nanoprecise. They have also founded this company.
Is Nanoprecise a funded company?
Nanoprecise is a funded company, having raised a total of $48M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $3.5M, raised on May 05, 2021.
How many employees does Nanoprecise have?
As of Mar 28, 2024, the latest employee count at Nanoprecise is 63.
What is the annual revenue of Nanoprecise?
Annual revenue of Nanoprecise is $956.66K as on Mar 31, 2023.
What does Nanoprecise do?
Founded in 2015 in Edmonton, Canada, Nanoprecise operates in the industrial IoT sector. Machine health monitoring solutions are delivered through AI and IoT technologies, enabling real-time data capture from sensors attached to rotating equipment. Fault diagnosis, condition monitoring, and predictive maintenance scheduling are facilitated across industries such as manufacturing, mining, oil and gas, and pharmaceuticals. Optimum replacement times for assets are forecasted to support operational efficiency.
Who are the top competitors of Nanoprecise?
Nanoprecise's top competitors include UpKeep, Uptime AI and Infinite Uptime.
What products or services does Nanoprecise offer?
Nanoprecise offers MachineDoctor, NrgMonitor, and TransformerLF.
Who are Nanoprecise's investors?
Nanoprecise has 9 investors. Key investors include Honeywell, Sensata, Canadian Imperial Bank of Commerce, NSK, and BDC.