Empowering Predictive Maintenance: AssetWatch® Secures $38M in Series B Funding

AssetWatch®, a leader in predictive maintenance solutions, is thrilled to announce that it has successfully raised $38 million in a recent funding round. This significant investment will accelerate the company's mission to simplify and enhance the predictive maintenance landscape for industrial clients. With the funds, AssetWatch® aims to expand its innovative end-to-end condition monitoring solution, Trial Vero, allowing businesses to experience a risk-free trial of the technology for just $199. This trial provides access to cutting-edge monitoring for up to 50 machine assets using 200 sensors, effectively minimizing downtime and enhancing operational efficiency. The raised capital will be primarily directed toward expanding our engineering team, enhancing software capabilities, and increasing customer support operations to ensure smooth and efficient deployments. By providing businesses with real-time insights into machine health, we empower them to prevent failures before they occur, ultimately saving money and improving productivity. AssetWatch®’s commitment to innovation means that within just one day of subscription, clients will have a complete monitoring solution installed and experts on hand to analyze their machine data. This funding round marks a pivotal moment for AssetWatch®, enabling us to cement our position in the marketplace while fostering stronger relationships with our customers through improved technology and support services. We invite businesses eager to elevate their predictive maintenance strategies to schedule a demo and discover how we can drive tangible improvements in their operations. To connect with us, please call 844.464.5652 or visit our website at https://www.assetwatch.com/#getstarted.