Feelit Technologies has raised $8.3 million in a Series A funding round led by Alea Capital Partners to enhance its global expansion and deployment of AI-driven predictive maintenance solutions.
Information on the Target
Feelit Technologies is a pioneering company based in Haifa, Israel, specializing in AI-driven predictive maintenance solutions. The company's innovative sensing platform integrates unique Sticker sensors that provide real-time asset visibility, aiming to enhance efficiency and safety across various industrial operations. Their mission, 'Sensing Everything, Everywhere, Endlessly,' reflects a commitment to digitizing physical environments to facilitate smarter, safer, and more sustainable industrial practices.
Feelit’s advanced SaaS solutions have already gained significant traction among global manufacturers, including industry giants such as Henkel, Nestlé, Bazan Group, Continental, and ICL. The implementation of their technology has resulted in substantial cost savings, improved safety measures, and reduced emissions, making it a validated approach to predictive maintenance.
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Industry Overview in Israel
In recent years, Israel has become a hub for technological innovation, particularly in the fields of artificial intelligence and IoT (Internet of Things). The manufacturing industry in Israel is undergoing a significant transformation with the a
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Disclosed details
Transaction Size: $8M