Novity

Novity provides TruPrognostics, a predictive maintenance AI for process industries. Its AI uses a combination of machine learning and physics-based models to predict equipment failures with over 85% accuracy, reducing unplanned downtime and maintenance costs for clients. Novity spun out of Xerox PARC in 2022 and serves Fortune 1000 clients.

Buy Funded Startups lists

Funding Round:

Funding Amount: $7.8M

Date: 21-Feb-2024

Investors: WERU Investment, Myriad Venture Partners, METAWATER, Co., Ltd

Markets: AI, Manufacturing, Oil and Gas, Chemicals, Water Treatment, Internet of Things

HQ: San Carlos, California, United States

Founded: 2022

Website: https://www.novity.us/

LinkedIn: https://www.linkedin.com/company/novity-pdm

Twitter: https://twitter.com/novityPdM

Instagram: