Nanoprecise secures $38 million in Series C funding in a combined equity and debt round to make industrial maintenance smarter, faster, and more predictable
Nanoprecise Sci Corp. is breaking the reactive cycle that has long been the norm in industrial maintenance. With triple-digit growth in 2024, Nanoprecise is committed to scaling its world-leading ECM approach, Energy-Centered Maintenance, and enhancing its AI-driven diagnostics that provide actionable explanations, not just alarms.
The oversubscribed equity financing, led by Yaletown Partners with participation from BDC’s Industrial Innovation Venture Fund with participation from Export Development Canada (EDC), BMO Capital Partners, along with a credit facility from CIBC Innovation Banking, provides Nanoprecise with the resources to rapidly expand its market presence and accelerate its strategic initiatives.
” Predictive maintenance is no longer a ‘nice-to-have’—it’s a strategic necessity for industry resilience and efficiency,” commented Hans Knapp , partner and co-founder of Yaletown Partners. “Nanoprecise not only talks efficiency to customers, but also demonstrates the same discipline in its finances, having achieved the highest revenue per dollar of investor capital in its class. We are excited to support their mission to spread energy-centric maintenance worldwide. ”
“Nanoprecise offers a scalable, high-impact solution that promotes operational reliability and sustainability. BDC Capital is proud to lead this investment in a company that perfectly aligns with our mission to support the next generation of global Canadian technology leaders ,” said Erin Sheets , a partner at BDC’s Industrial Innovation Venture Fund. ” Nanoprecise’s strength lies in their diverse approach—both in the global markets they serve and the makeup of their team. This diversity, combined with their innovative use of LLM models to generate synthetic data, positions them to exceed both the accuracy of insights and the cost-effectiveness of their solution against much larger competitors.”
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Better maintenance, fewer surprises
Most predictive maintenance programs count downtime savings as the only significant ROI, which applies to approximately 10 to 20% of production-critical machines. However, 80 to 90% of rotating equipment in the process industry is redundant in some form, so downtime savings alone don’t represent the full value. For the remaining 80% of assets, Nanoprecise’s ECM approach provides not only energy consumption patterns but also maintenance insights that, if addressed, lead to energy savings that justify the use of ECM not only to save downtime on critical machines but also for the balance of plant equipment.
Nanoprecise is changing the game with AI-driven diagnostics that go beyond detection to deliver clear, actionable, and value-based insights. Key differentiators include fewer false alarms (less than 1% false positives and negatives), value-based insights, and energy efficiency trends. Nanoprecise’s solution is purpose-built for harsh environments and has certifications such as Zone 0 and C1D1 requirements, while being inherently cyber-secure (SOC II Type II certified).
” Detecting failures before they happen is important, but is just the first step ,” said Sunil Vedula, Managing Director of Nanoprecise . With this investment, we’re transforming maintenance from a guessing game to a strategic advantage. Machines don’t just tell you something’s wrong; they provide you with the complete picture—what’s happening, why it matters, and exactly what to do next. Our vision? To make maintenance teams the most informed, proactive decision-makers in the room.
Source: PRNewswire
