ShiraTech Solutions

Company Overview

Snapshot

Founded in December 2005, ShiraTech Solutions operates with 11–50 employees. The company has raised a total of $7.67M across two funding rounds from SIBF VC and Unicorn Technologies. In January 2017, ShiraTech Solutions was acquired by AY Electronics.

Business overview

ShiraTech Solutions develops the Intelligent Condition Monitoring Box (iCOMOX), an Industry 4.0-ready, end-to-end solution for condition-based monitoring, anomaly detection, and predictive maintenance. Its core technology features five high-quality sensors for vibrations, magnetic field, temperature, sound, and current, utilizing advanced AI and machine learning on the edge to provide real-time data for industrial equipment, assets, and structures. The company serves various industries by enabling predictive maintenance and operational optimization.

Strategic signal

In October 2021, ShiraTech Solutions acquired knowtion.AI, an artificial intelligence company in Europe. This acquisition signals a strategic move to enhance its AI capabilities and expand its offerings in the intelligent condition monitoring market, reinforcing its position in the Industry 4.0 landscape.

Company Intelligence Q&A

What is ShiraTech Solutions' primary offering?

ShiraTech Solutions' primary offering is the Intelligent Condition Monitoring Box (iCOMOX, an end-to-end solution for condition-based monitoring, anomaly detection, and predictive maintenance of industrial equipment.

When was ShiraTech Solutions acquired?

ShiraTech Solutions was acquired by AY Electronics in January 2017.

Which company did ShiraTech Solutions acquire in October 2021?

In October 2021, ShiraTech Solutions acquired knowtion.AI, an artificial intelligence company based in Europe.

Which investor participated in ShiraTech Solutions' April 2021 funding round?

Unicorn Technologies participated in ShiraTech Solutions' funding round in April 2021.