Adventure Capital is a venture capital firm that invests in mobile, information technology, and media sectors. It is an active angel investor whose investments are a combination of personal capital and energy. The firm envisions building a stable of businesses that have the ambition and pedigree to become global leaders.

Adventure Capital

Advanced Technology Centre is a business incubator for growth-stage technology companies in Edmonton. It has developed a stimulating, collaborative environment that gives fledgling companies and hardworking entrepreneurs the flexibility and support they need in the early stages of taking their product to market. Located in the Edmonton Research Park, and managed by the Edmonton Economic Development Corporation, ATC provides both a physical space and robust network to its members. With its focus on delivering valuable programs, advice, and access to support, ATC promotes collaboration amongst innovators, entrepreneurs, and industry experts.

Advanced Technology Centre

Sensata Technologies, Inc. engages in the design, manufacture, and distribution of sensors and electronic controls. The company's sensor products include airflow sensors, analytical sensors, automotive sensors, pressure sensors, and switches. Its control products include battery protectors, circuit breakers, thermal controllers, motor controls, and thermostats. The company also offers power control products that include semiconductor burn-in test sockets, DC to AC power converters, fuses, and circuit interrupters. It offers its products for aircraft, military, appliance, automotive, electronics, heavy vehicle, HVAC, industrial, rotating equipment, RV, marine, semiconductor, and transportation markets. The company was founded in 2006 and is headquartered in Attleboro, Massachusetts with additional offices in the Netherlands, China, Japan, the Dominican Republic, Korea, Brazil, Malaysia, Mexico, and Germany. Sensata Technologies, Inc. operates as a subsidiary of Sensata Technologies B.V.

Sensata Technologies

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

Export Development Canada

Honeywell is a Fortune 100 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security, and energy. With approximately 129,000 employees worldwide, including more than 19,000 engineers and scientists, we have an unrelenting focus on quality, delivery, value, and technology in everything we make and do.

Honeywell Ventures

NSK was founded in 1916 and produced the first ball bearings made in Japan. Since then, the company has spearheaded the development of bearings in Japan. NSK now offers a full range of bearings and sells them worldwide. NSK bearings have contributed greatly to the growth of many industries and to the advancement of mechanical technology. Now, the company has the largest share of the bearings market in Japan and is one of the largest bearing suppliers in the world. NSK has used its expertise in precision machining technology, refined through years of bearing manufacturing, to diversify into:  automotive products, precision machinery and parts, and mechatronic products.

EC Mergers & Acquisitions provides capital raising, cross-border transactions, corporate divestitures, and financial advisory services.

EC Mergers & Acquisitions

Nanoprecise Sci Corp

Nanoprecise has created a ''patent-pending'' solution (hardware + software) that combines physics, material science, and data analytics to diagnose issues with machinery and detects anomalies, characterizes the faulty components and predicts the ''Remaining Time to Failure.''  Nanoprecise's sensor is the first sensor in the world that extracts RPM, vibration, sound, temperature & humidity information, all from one sensor. The software (which is built on AI algorithms that are only limited to research papers until now) analyzes the data from various sensing elements and achieves anomaly detection, fault characterization & remaining useful life prediction. This end to end solution can be deployed cost-effectively and can be utilized on any machine in the world in any industry. Since Nanoprecise was founded in Dec 2017, it has customers spanning across Oil & Gas, Mining, Utilities, HVAC & Infrastructure sectors.

<div>Based in Canada, Nanoprecise Sci Corp offers industrial machine health monitoring solutions for predictive maintenance. The company targets the metals, cement, chemical, pharmaceutical, pulp and paper, and mobility industries. Nanoprecise utilizes patented signal processing algorithms, low power wireless sensors, and cloud-based AI-powered software to offer prescriptive analytics. These technologies combined are capable of detecting changes in machine performance and predicting the remaining useful life of industrial machinery.</div>

Using data and automation to achieve 24/7 production.

Smart Factory

Nanoprecise Sci Corp Expands Energy Centered Predictive Maintenance Operations in Europe and Africa

<div>
 
 Based in Canada, Nanoprecise Sci Corp offers industrial machine health monitoring solutions for predictive maintenance. The company targets the metals, cement, chemical, pharmaceutical, pulp and paper, and mobility industries. Nanoprecise utilizes patented signal processing algorithms, low power wireless sensors, and cloud-based AI-powered software to offer prescriptive analytics. These technologies combined are capable of detecting changes in machine performance and predicting the remaining useful life of industrial machinery.
 
 
 Nanoprecise offers four products: 1) Machine Doctor&ndash;monitors vibrations, acoustic emissions, temperature, revolutions per minute, humidity, and magnetic flux through battery-powered sensors, processes the data at the edge, and conducts machine fault analysis with 〜99% accuracy, 2) RotationLF&ndash;a sensor-agnostic AI-based platform that conducts fault analysis on machines and offers recommendations on possible actions, 3) NrgMonitor&ndash;an AI-based energy efficiency monitoring platform, and 4) a TransformerLF&ndash;AI-based platform that predicts the remaining life of plant assets with possible reasons for failure.
 
 
 Nanoprecise has offices in Canada, the US, India, and the UK.
 
 
 Key customers and partnerships
 
 
 Nanoprecise Sci Corp customers include Alta Steel, Tata Steel, Zeon, ACC Cement, IFFCO, Vedanta, Cameco, Shree Cement, and Richardson. The company entered distribution partnerships with maintenance system and software provider Idus (February 2022)&nbsp; to offer its services in Scandinavia and engineering and reliability company Dynelec (January 2022) to offer its services in Australia.
 
 
 Funding and financials
 
 
 In January 2023, Nanoprecise Sci Corp 
 <a href="https://sp-edge.com/updates/15582">
 raised USD 10 million
 </a>
 in a Series B funding round led by Export Development Canada (EDC) to improve the company&rsquo;s delivery capabilities and to expand product offerings.
 
 
 
</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

Nanoprecise Sci Corp

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