Tech Company Financing Transactions
Novity Funding Round
Novity secured a $7.8 million financing round on 2/21/2024. Investors included WERU Investment.
Transaction Overview
Company Name
Announced On
2/21/2024
Transaction Type
Venture Equity
Amount
$7,800,000
Round
Undisclosed
Investors
WERU Investment (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further enhance its TruPrognostics AI, acquire additional customers, and improve its software product.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
963 Industrial Road
San Carlos, CA 94070
USA
San Carlos, CA 94070
USA
Phone
Website
Email Address
Overview
We are building the most accurate predictive maintenance technology in the world. Our mission is to eliminate unplanned downtime by making all manufacturers see the future health of their production assets with perfect clarity. Only Novity can accurately tell you WHEN machines WILL fail. With great foresight you can make unplanned downtime a thing of the past.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Markus Larsson
Chief Technical Officer
Serdar Uckun
Browse more venture capital transactions:
Prev: 2/21/2024: DustPhotonics venture capital transaction
Next: 2/21/2024: Ziplines Education venture capital transaction
Share this article
Where The Data Comes From
We document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs