Sensata invests in Nanoprecise to expand its IoT and MHM offerings

2021-05-06 23:15

Nanoprecise announced an investment led by Sensata Technologies.

Founded in 2015 in Edmonton, AB, Canada, Nanoprecise has built a rapidly growing global position in the fast-growing IoT industry.

Nanoprecise has created a unique 6in1 IoT sensor named the MachineDoctor and this IoT sensor is integrated with advanced analytics software that is driven by ML/AI algorithms providing truly automated predictive and prescriptive maintenance.

Sensata's investment in Nanoprecise is guided by its strategic growth initiative to expand its Industrial Internet of Things and Machine Health Monitoring offerings.

"We see tremendous opportunity to partner with Nanoprecise, a leader in the development of advanced hardware and software to monitor and predict the remaining useful life of our customer's rotary equipment," said Naoto Mizuta, Vice President, General Manager, Sensata Industrial.

"We are excited to partner with Nanoprecise to advance its solution and meet our strategic objectives around data insights in the MHM space."

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