Nortech AI

Nortech AI is a Norwegian-Portuguese startup that provides plug-and-play Industrial internet of Things (IIoT) solutions tailored for the maritime industry and other asset-heavy sectors. Their flagship offering captures and utilizes industrial IoT data to enable real-time decision-making and operational enhancements through scalable data models. These models leverage live operational data and simulation data, allowing successful proof-of-concept templates to be contextualized and reused across various use cases with the same model.

The company's solutions are designed to address the maritime industry's lack of connected information systems and resource wastage. By integrating seamlessly with existing onboard systems, Nortech AI's software expedites the transition toward more sustainable ship operations, reducing greenhouse gas emissions and associated costs. Their solutions are already being utilized by numerous customers in the Nordic region.

Nortech AI's platform interconnects diverse industrial needs, spanning data analytics, process automation, predictive maintenance, and anomaly detection. This empowers businesses to take ownership of their data and optimize critical aspects such as fuel consumption, navigation, equipment maintenance, and access to real-time operational insights. The company's user-friendly hardware and affordable pricing structure aims to make data ownership and digitalization more accessible, reducing installation costs and bringing decision-making capabilities closer to line managers and engineers.

In October 2023, Nortech AI secured EUR 2.5 million in seed funding from Indico Capital Partners and Earlybird-X, both investors focused on climate tech companies. This investment will propel the company's efforts to expand its solutions across multiple industrial settings beyond the maritime sector, further promoting sustainability and operational efficiency through data-driven capabilities.