Viking Analytics

Based in Sweden, Viking Analytics is a provider of AI-based proprietary vibration monitoring solutions for the predictive maintenance of industrial assets. Viking Analytics’ MultiViz Vibration automatically detects unseen or pre-failure operational modes, conducts detailed diagnostics, and provides recommendations. Moreover, the platform allows experts to offer feedback and recommend actions, which the system then incorporates into its learning process.

MultiViz is available as an application programming interface (API) that can be connected with data from vibration sensors, allowing customers to build their own solution. It also operates on a subscription basis, which offers wireless vibration sensors, data storage, and AI-based analytics for a monthly fee.

The company also offers MultiViz AI, a cloud-based AI assistant that integrates IoT data with analytics to enhance performance, extend asset lifecycles, and minimize operational downtime and costs. As of September 2024, this feature was offered on a free-trial basis.

Key customers and partnerships

In January 2023, Viking Analytics secured a commercial agreement with ABB to offer machine health monitoring solutions to ABB’s Switchgear customers.

As of January 2023, the company served over 20 customers across the globe. Its customers included ABB, Audi, Ingredion, JFE, Rosta, Sodra, and Air Liquide.

In February 2024, the company partnered with VKT, a machine maintenance solutions provider, to enable the latter to integrate MultiViz into its services and deliver a joint solution for advanced monitoring. It also went on to sign a SEK 4 million three-year contract with Bharat Forge Kilsta, in July 2024, to provide an AI-based optimization tool for the latter’s forging process.