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
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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Acquired by
Stream Systems
(Jun 14, 2023)
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.4M
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First Round
First Round
(22 Aug 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series A - Praemo | Valuation | McRock Capital | |
| Aug, 2019 | Amount | Series A - Praemo | Valuation | McRock Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 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. 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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Venture capital firm specializing in industrial software and AI investments
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Founded Year | Domain | Location | |
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Construction and mining equipment, engines, and locomotives are manufactured.
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Founded Year | Domain | Location | |
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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 Praemo
| 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 - Praemo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Praemo Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT-based software for manufacturing efficiency and data integration is provided.
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| domain | founded_year | HQ Location |
IoT and Tracking Solutions - Trio Mobil
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| domain | founded_year | HQ Location |
Cloud-based IoT and data analytics are offered for manufacturing operations.
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| domain | founded_year | HQ Location |
Production analysis software is offered for real-time manufacturing monitoring.
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| domain | founded_year | HQ Location |
Cloud and IoT-based production analysis solutions for manufacturing are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Praemo
Frequently Asked Questions about Praemo
When was Praemo founded?
Praemo was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Praemo located?
Praemo is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Who is the current CEO of Praemo?
Michael Martinez is the current CEO of Praemo. They have also founded this company.
Is Praemo a funded company?
Praemo is a funded company, having raised a total of $6.93M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.5M, raised on Aug 22, 2019.
What does Praemo do?
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.
Who are the top competitors of Praemo?
Who are Praemo's investors?
Praemo has 4 investors. Key investors include Caterpillar, BDC, Stream Systems, and McRock Capital.
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