What does IPercept do?
IPercept develops a patented AI-driven platform that collects and analyzes machine data, enabling manufacturers to monitor machine health and performance without system integrations or added cybersecurity risks.
How much did they raise?
The company secured €5M in funding with Luminar Ventures as the lead investor, alongside participation from RunwayFBU, Backstage Invest, AI.Fund, and existing investor J12.
What are their plans for the money?
IPercept plans to use the funds to accelerate its expansion into key European manufacturing hubs, scale up customer deployments, and grow its team to meet the rising demand for non-intrusive predictive maintenance solutions.
What have they achieved so far?
The company has already made significant strides by developing a patented method that enables rapid deployment of its AI platform, delivering actionable insights within days and enhancing machine health monitoring for manufacturers.
