Presenso

Company Overview

Snapshot

Founded in April 2014 by Deddy Lavid, Eitan Vesely, and David Almagor, Presenso operates with 1–10 employees. The company raised a total of $3 million across two funding rounds from six investors. In October 2019, Presenso was acquired by SKF Group.

Business overview

Presenso specializes in artificial intelligence for predictive asset management, offering solutions that utilize advanced AI to provide real-time asset failure predictions. Its proprietary adaptive algorithms analyze sensor behavior to learn machine operations and forecast failures before they occur. The company serves industrial sectors, focusing on operational optimization solutions within industrial manufacturing.

Strategic signal

In October 2019, Presenso was acquired by SKF Group, a significant move that integrated Presenso's AI-driven predictive maintenance capabilities into a major industrial player. This acquisition validates Presenso's technology and highlights the growing importance of AI in enhancing asset management and operational efficiency within the industrial sector, signaling a trend towards smart manufacturing and proactive maintenance strategies.

Company Intelligence Q&A

When was Presenso acquired?

Presenso was acquired by SKF Group in October 2019.

What was Presenso recognized for by Gartner?

In May 2018, Presenso was recognized as a Cool Vendor in Artificial Intelligence Across the Supply Chain by Gartner.

Did Presenso form any strategic partnerships?

In May 2019, Siemens entered into a strategic partnership with Presenso, focusing on predictive maintenance.

Which investors participated in Presenso's January 2018 funding round?

In January 2018, Presenso received funding from investors including AfterDox and EDP Ventures.

When did Presenso announce the production release of its predictive maintenance solution?

Presenso announced the production release of its predictive maintenance solution in July 2018.