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Senseye, the Manufacturing Uptime as a Service company, today announced the close of a significant seed funding round, led by Breed Reply, alongside IQ Capital. Existing angel investors also participated. The capital will be used to launch Senseye’s revolutionary predictive maintenance software which automates analysis of condition monitoring data and enables advanced prognostics – automatically diagnosing failures as well as forecasting when a machine is likely to fail

The software is cloud-based and designed to be used without any technical expertise in condition monitoring. It is already trusted by a major automotive OEM, helping it to avoid unplanned downtime which can cost in excess of $2m per hour.

Industry 4.0 is already generating a huge amount of information that goes largely unexploited due to the amount of manual analysis needed to extract value from condition monitoring and...

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