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AssetWatch
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Proactive maintenance solutions for industrial facilities
AssetWatch
Work Here?
Proactive maintenance solutions for industrial facilities
About AssetWatch
Industries
Data & Analytics
Industrial & Manufacturing
Energy
Company Size
201-500
Company Stage
Series B
Total Funding
$73.6M
Headquarters
Westerville, Ohio
Founded
2014
Overview
AssetWatch offers proactive maintenance solutions for industrial facilities by providing a centralized platform for real-time monitoring of critical assets. This service helps clients, primarily in manufacturing, energy, and utilities, prevent costly downtime and repairs by identifying potential issues early. Unlike competitors, AssetWatch operates on a subscription model with a 30-day risk-free trial, allowing clients to experience the benefits before committing. The goal is to enhance operational efficiency and deliver significant savings, with clients typically seeing an average return of 8x on their investment.
Simplify's Take
What believers are saying
- AssetWatch recently raised $38M in Series B funding to accelerate innovation.
- Growing demand for remote monitoring solutions boosts AssetWatch's market potential.
- Advancements in wireless sensor technology enhance AssetWatch's data accuracy and reliability.
What critics are saying
- Increased competition from emerging startups could erode AssetWatch's market share.
- Economic downturns may reduce industrial budgets for new maintenance technologies.
- Potential data privacy concerns could lead to regulatory scrutiny of AssetWatch's solutions.
What makes AssetWatch unique
- AssetWatch offers a unique combination of predictive analytics and expert prescriptive insights.
- The company provides a centralized platform for real-time monitoring of critical assets.
- AssetWatch assigns dedicated Condition Monitoring Engineers for personalized client support.
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Funding
Total Funding
$73.6M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%AssetWatch receives a US$1.9 million investment from Oxygea Ventures to expand predictive maintenance solutions.
AssetWatch, a leading condition monitoring and predictive maintenance organization, announced closing its Series B financing round of $38 million led by Wellington Management.
AssetWatch, a Columbus OH-based condition monitoring and predictive maintenance company, raised $38M in Series B funding.
AssetWatch, Inc. announced closing its Series B financing round of $38M led by Wellington Management. Series A investors, including G2 Venture Partners and others, also participated. The funding will accelerate innovation in predictive maintenance, support business expansion, and enhance customer service. CEO Brian Graham highlighted the investment's role in transforming maintenance and reliability across industries. AssetWatch's AI-powered solution aims to eliminate unplanned downtime and optimize operations.
Oxygea, Braskem's Corporate Venture Capital, made its second international investment by injecting $1.9 million (R$10.5 million) into the American startup AssetWatch, which specializes in predictive maintenance using AI. This investment is part of a $40 million Series B round led by Wellington Management. Other participants include G2 Venture Partners and JobsOhio Growth Capital Fund. AssetWatch's clients include Sherwin Williams and West Rock. The startup currently operates only in the U.S.
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About AssetWatch
Industries
Data & Analytics
Industrial & Manufacturing
Energy
Company Size
201-500
Company Stage
Series B
Total Funding
$73.6M
Headquarters
Westerville, Ohio
Founded
2014
There are no jobs for AssetWatch right now.
Find jobs on Simplify and start your career today