About Praemo
Praemo is a company based in Kitchener (Canada) founded in 2017 by Michael Martinez and Paul Hancock was acquired by Stream Systems in June 2023. Praemo has raised $6.93 million across 2 funding rounds from investors including Caterpillar, BDC and Stream Systems. Praemo operates in a competitive market with competitors including Tulip, Trio Mobil, Braincube, Worximity and Linecraft, among others.
- Headquarter Kitchener, Canada
- Founders Michael Martinez, Paul Hancock
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.93 M (USD)
in 2 rounds
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Latest Funding Round
$3.43 M (USD), Series A
Oct 09, 2020
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Investors
Caterpillar
& 3 more
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Employee Count
Not available
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Acquired by
Stream Systems
(Jun 14, 2023)
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People of Praemo
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Funding Insights of Praemo
Praemo has successfully raised a total of $6.93M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.43 million completed in October 2020. 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.
Investors in Praemo
Praemo has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Caterpillar, BDC and Stream Systems.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm specializing in industrial software and AI investments
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Construction and mining equipment, engines, and locomotives are manufactured.
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Commercial banking services for small and medium-sized enterprises are provided.
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Investor details for Praemo
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Investments & Acquisitions by Praemo
Investment portfolio details for Praemo
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Financial Statements - Praemo
Detailed financials for Praemo
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Praemo Comparisons
Peer comparison for Praemo
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Competitors of Praemo
Praemo 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 Tulip, Trio Mobil, Braincube, Worximity and Linecraft, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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IoT-based software for manufacturing efficiency and data integration is provided.
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IoT and Tracking Solutions - Trio Mobil
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Cloud-based IoT and data analytics are offered for manufacturing operations.
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Production analysis software is offered for real-time manufacturing monitoring.
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Cloud and IoT-based production analysis solutions for manufacturing are provided.
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Detailed competitors of Praemo
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Latest news on Praemo
Complete news archive for Praemo
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Frequently Asked Questions about Praemo
Praemo was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Praemo is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Michael Martinez is the current CEO of Praemo. They have also founded this company.
Praemo is a funded company, having raised a total of $6.93M across 2 funding rounds to date.
Praemo was founded in 2017 in Kitchener, Canada, as a provider of AI-based production analytics. The Razor platform is utilized to analyze data and predict failures in operations across various sectors. Industries served include manufacturing, automotive, aerospace, mining, and oil gas. Operations focus on enhancing reliability through predictive insights, with leadership from co-founders Michael Martinez as CEO and Paul Hancock as CFO.
Praemo has 4 investors. Key investors include Caterpillar, BDC, Stream Systems, and McRock Capital.