Monte Carlo Capital was founded in 2009 by former investment banker Ian Sosso, winner of the 2019 “Best European Early Stage Investor” award from EBAN, the Brussels-based European trade association for business angels representing the 30,000 European angel community with a presence in 50 countries.  Monte Carlo Capital combines the best features of business angels and venture capital. We invest via fund and via SPVs. We have been the Lead in many of our investments and are increasing our Co-Investments with some of the world’s leading VCs. Typical investments start at pre-seed/seed and we regularly follow on to Series A & Series B rounds.   Monte Carlo Capital invests across sectors, including Saas, Fintech, DeepTech and Health Care, in the US, Europe and the UK.  Our solo managing partner was a former investment banker, spending most of his career in Asia and the UK. He retired about 15 years ago, and set up his own angel group. After being quite successful, he decided to launch the fund (January this year). Located in Monaco.

Monte Carlo Capital

WillowWorks is an early-stage investment fund focusing on early-stage investments and strategic partnerships that deliver innovation to broad markets. It was established in 2016 and is headquartered in Columbus, Ohio.

WillowWorks

Break Trail Ventures is an early stage venture fund based in Columbus, OH and Boulder, CO.

Break Trail Ventures

G2VP invests in emerging technology companies that digitize traditional industries and drive market transformations. Tapping into global industries from transportation, energy and agriculture to manufacturing, and logistics, G2VP was founded around a multi-trillion-dollar trend: the digitization of industry. As this trend takes root, and industries worldwide transition from traditional analog to digital processes, G2VP sees tremendous opportunity for value creation, economic growth, and sector disruption. By aligning companies, purpose and profit, the company aims to unlock previously unidentified paths to sustainability and resource efficiency.

G2 Venture Partners

Triangle Peak Partners conducts private investments in companies where it can work with management and help create value. The firm has a deep background in venture capital and private equity investing in private and public technology, energy, and alternative energy companies. Triangle Peak focuses on Series B through PIPE stage deals.

Triangle Peak Partners

Osage University Partners is a venture capital firm focused on investing in startups that are commercializing university technologies. Osage partners with research universities to invest in their innovative startups shareing its investment profit with partner institutions. The firm invests in software, hardware, and life science companies at all stages of company development. To date, it has partnered with over 80 universities, including 36 of the top 50 U.S. institutions by research expenditures, and has invested in over 50 of their spinouts.

OUP (Osage University Partners)

JobsOhio is the state’s economic development organization charged with driving job creation and capital investment in Ohio through business attraction, retention and expansion efforts. Our team of industry experts understands the needs of growing businesses and supports them with the resources necessary to succeed.

JobsOhio

A dynamic network of visionary professionals dedicated to socially responsible and environmentally sustainable investing

Veritus Holdings

Wellington Management focuses on investment management. The company applies its full resources to meet the needs of the institutional clients they serve. Their investment approaches span equity, fixed income, currency, commodity, and alternative markets. They also offer asset allocation, multi-manager, and speciality approaches.

Wellington Management

Spark Growth Ventures is an early- and mid-stage, vertical-agnostic, and technology venture capital firm. The firm was founded in 2018 by Hem Suri and is headquartered in San Diego, California, United States.

Spark Growth Ventures

Standard Investments is a venture capital firm concentrating on long-term investments in public markets spanning manufacturing, digital technologies, environmental technology, transportation and mobility, sustainability, and industrial sectors. The firm's focus lies on early-to-growth stage companies emphasizing technology and business model innovation, fostering data-driven approaches, customer-centricity, and environmental sustainability for businesses.

Standard Investments

AssetWatch

AssetWatch is a leader in proactive and predictive maintenance solutions, providing a rapidly deployable, end-to-end remote condition monitoring service. We help eliminate unplanned downtime for global manufacturers and simplify the predictive maintenance process by providing a network of wireless sensors and communication hubs, cutting-edge software, and condition monitoring engineers who condense and decipher the noise of data – making it more qualitative than just quantitative with expert prescriptive recommendations. By combining predictive analytics via machine learning in the software with the prescriptive insights of a certified expert, AssetWatch gives you way more than just the standard ''pass/fail''. We truly are a partner in the journey, helping change the culture of maintenance and reliability teams from reactive to proactive.

<div>AssetWatch is a provider of continuous condition monitoring solutions designed for proactive maintenance.&nbsp;</div>

Using data and automation to achieve 24/7 production.

Smart Factory

AssetWatch: Predictive Maintenance Solutions Company Raises $38 Million

<div>
 
 AssetWatch is a provider of continuous condition monitoring solutions designed for proactive maintenance.&nbsp;
 
 
 
 
 Its platform engages in continuous monitoring across clients&rsquo; assets with the aim of minimizing the loss of production and costly repairs in the case of defects. It also provides predictive insight to enable proactive maintenance.
 
 
 
 
 The platform, which consists of sensors and the AssetWatch cloud-based software, transforms industrial maintenance based on a detect, resolve, report, and learn approach and provides a centralized view for facility and corporate leaders.
 
 
 
 
 AssetWatch provides continuous vibration solutions, route-based vibration solutions, oil analysis, and integration services to its customers.
 
 
 
 
 The company provides its services to customers across the globe for a monthly subscription. The trial version for 30 days costs USD 199.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 AssetWatch serves customers like Scotts Miracle-Gro, West Rock, Berry Global, Sonoco, Sherwin Williams, and Worthington Industries.
 
 
 
 
 Funding and financials
 
 
 AssetWatch was funded by two early-stage venture rounds in 2022 to expand its proactive maintenance platform.
 
 
 
 
 The company raised USD 20 million through a series A funding round in May 2022 led by G2 Venture Partners and USD 9 million in a series A funding round in June 2022 led by Standard Investments.
 
</div>

<div>
 
 Righthand Robotics provides autonomous robotic picking solutions called RightPick. It utilizes a smart gripper, machine learning, and computer vision to imitate human hand-eye coordination. It develops software and hardware for predictable order fulfillment at scale with flexibility. The company&rsquo;s solutions can be utilized in industries such as apparel, grocery, pharmaceuticals, and electronics. It is based in Massachusetts and has an office in Tokyo, Japan. The company is focused on expanding its European operations, having opened an office in Frankfurt, Germany, in March 2020.
 
 
 In 2019, the company launched the second generation of its piece-picking robotic solution, &ldquo;RightPick2,&rdquo; which includes enhancements to hardware and software. The upgrades included a fifth-generation industrial gripper with the capacity to lift up to 4.4 lbs, new depth-sensing cameras from Intel, and an improved arm from Universal Robots. In 2021, the company launched &ldquo;RightPick 3,&rdquo; with improved picking speeds, capacity to handle a broader item range, and with capabilities for dense packing and damage-free item handling. 
 <a href="https://sp-edge.com/updates/25875">
 In January 2024,
 </a>
 it launched &ldquo;RightPick 4&rdquo; with enhanced AI, sensor suite, and new hardware that allow the system to extend its item-picking range, handle items more efficiently, and enhance system autonomy.
 
 
 In February 2022, the company raised USD 66 million in a Series C round bringing its total funding to USD 100.3 million. The funds were expected to be used to accelerate product and business development, scale global presence by expanding the partner network, expand offices, and acquiring new talent to support overall growth plans. Subsequently, in March 2022, the company announced the launch of its 
 <a href="https://sp-edge.com/updates/9203?industryIds=6">
 partner integrator program,
 </a>
 to complement its robotic piece-picking solutions with warehouse technologies and solution providers to cater to the broad ecommerce order fulfillment market. In May 2022, AutoStore integrator in South Korea Asetec also joined the program.
 
</div>

RightHand Robotics

<div>
 
 SparkCognition is an AI analytics startup offering four deep learning product solutions: Darwin (automated model-building software), DeepArmor (AI-powered cybersecurity), DeepNLP (NLP solution), and SparkPredict (analytics solution utilizing sensor data). These products deliver actionable insights, predict machine issues via historical maintenance data, and provide security from cyber threats. These products can be deployed across multiple industries, such as manufacturing, defense, utilities, oil and gas, and aviation. 
 
 
 SparkCognition&rsquo;s clientele comprises large companies such as Boeing, Hitachi, and British Petroleum. It has also built partnerships with Google for cloud platform services, Hewlett-Packard Enterprise to offer AI predictive maintenance on HPE Edgeline Converged Edge Systems, and OSIsoft to integrate SparkCognition&rsquo;s machine learning technology with OSIsoft&rsquo;s PI system to improve data and process data analytics.
 
 
 The company&rsquo;s most recent funding round was Series D funding worth USD 123 million in January 2022 from March Capital, Doha Venture Capital, B. Riley Venture Capital, AEI Horizon X, Temasek, and several others. The funds were intended to be used to invest in R&amp;D, accelerate sales and marketing, facilitate organic and inorganic growth, and also for the working capital requirements of the company. In March 2022, the company acquired Indian visual AI startup 
 <a href="https://sp-edge.com/updates/9370?industryIds=6">
 Integration Wizards
 </a>
 to expand its intellectual property (IP) portfolio to improve vision capabilities. The company has reported a 2x increase in revenue YoY in 2021.
 
</div>

SparkCognition

Kinta AI provides an automated production planning platform for manufacturing that uses advanced AI algorithms and simulation techniques. Using existing operational data, a SaaS solution is deployed that can be integrated with existing management execution systems (MES), enterprise resource planning (ERP), and Industry 4.0 tools in the factory. The software looks to have cross-functional communication across the factory to eliminate any bottlenecks that delay resolving breakdowns. Kinta AI has partnered with Flex (an electronics manufacturer) and BASF (a chemical company).Kinta AI’s most recent financing was a Series A funding round worth USD 5.5 million in April 2021 led by Lachy Groom’s LGF and Shine Capital. The funds will be utilized to scale operations in existing general industrial client factories and implement the Kinta AI platform in new client factories.

Kinta AI

<div>
 
 Sight Machine provides a digital manufacturing platform enabled by AI. It creates a digital twin of both assets and processes to help manufacturers improve processes, quality, and productivity. It can also gather data from machines of various manufacturers supplying actionable insights for predictive maintenance, quality improvement, capacity utilization, among other benefits. In October 2022, the company released 
 <a href="https://sp-edge.com/updates/13696?industryIds=6">
 Sight Machine Blueprint
 </a>
 to offer manufacturers with advanced data analytics solutions.
 
 
 Sight Machine has established partnerships with large global companies such as Microsoft, Google, and Amazon Web Services (AWS) for their cloud platforms and Fujitsu (system integrator) to help with wide deployments. Sight Machine, which caters to at least 15 verticals, such as food and beverage, electronics, and automotive, is on the move to expand into more verticals. It has global clients of Fortune 500-caliber, including Nissan, Heineken, Westrock Co., and Asian Paints. Sight Machine&rsquo;s most recent funding round was Series C funding worth USD 29.4 million in April 2019, led by LS Group. The funds were to be used to expedite the company&rsquo;s growth.
 
 
 Funding and financials
 
 
 In December 2023, 
 <a href="https://sp-edge.com/updates/25200">
 Sight Machine received a low double-digit million euro investmen
 </a>
 t from TeamViewer to improve industrial digitalization and enhance manufacturing efficiency.
 
 
 
</div>

Sight Machine

Overview uses smart cameras and AI to monitor manufacturing equipment and robots and identify defects in real time before significant damage or downtime is incurred. The technology has a repository of machine data so that there is a traceable visual record of all units. With AI, the cause of production issues and quality concerns can be identified either on-site or remotely. The company claims over time, the deep learning computer vision algorithms allow for any sudden substantial increases in production and improved yields. Funding and financialsIn February 2022, the company raised USD 10 million in series A funding to be used to expand operations and business reach.

Overview

Companies that provide robotic fleet management software, robotic automation software, and inspection software.

Companies that provide an industrial IoT platform across factories as the primary offering.

Companies that provide cobots, sorting/ picking robotics, modular production robotics, and microfactories.

Companies that focus on data analytics for operations streamlining and process optimization, and may offer predictive maintenance.

Companies that provide autonomous mobile robots (AMR) or self-driving vehicles (SDV) used in manufacturing/ factory operations.

Companies that monitor the manufacturing equipment and assembly lines.

Companies that provide predictive maintenance as a primary offering. 

Creates digital twins of assets and processes to help manufacturers improve processes, quality, and productivity

Connected devices, sensors, IoT, and analytics are used to optimize factory operations

Uses advanced robotics, AMRs, and related software to improve the efficiency of factory operations

Uses connected devices and sensors to gather data—IIoT, predictive analysis, and equipment inspection

Uses AI/ML to analyze data for predictive maintenance and AI-based vision systems for line inspections

5G standard allows for faster reaction times and supports high connection densities

Uses edge computing for data processing at the edge

Some companies in the predictive maintenance space uses generative AI to generate possible alternative scenarios

<div>
 
 AssetWatch, a company offering constant condition monitoring solutions, has gathered $38 million in a Series B funding round. The round was spearheaded by Wellington Management, and saw participation from other firms including G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and JobsOhio Growth Capital Fund.
 The intended use for the acquired funds is to hasten innovation and back the business' expansion.
 
</div>

AssetWatch

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless