Leanworx has secured ₹8.3 crore in seed funding led by YourNest Venture Capital to enhance its AI-powered machine monitoring solutions and expand into new markets.

Information on the Target

Leanworx, established in 2017, specializes in providing AI-powered machine monitoring systems that offer real-time, actionable data from shop-floor machines to decision-makers. Their technology enables manufacturers to enhance productivity by streamlining decision-making processes through accurate and timely data analysis. Currently, Leanworx connects to approximately 2,000 machines across various industries, aiming to expand its operations significantly.

The recent funding round has raised ₹8.3 crore, which will be allocated towards scaling marketing efforts, generating leads in India and Southeast Asia, and advancing product development activities, including hardware and software certification. This investment will further support Leanworx in its ambition to target high-density manufacturing regions such as Thailand, Vietnam, Indonesia, and Mexico, along with focusing on the Fast-Moving Consumer Goods (FMCG) sector.

Industry Overview in the Target’s Country

The manufacturing sector in India is rapidly evolving, driven by technological advancements and a shift towards Industry 4.0 practices. With an estimated market size of over 3 lakh machines within the metalworking segment and around 9 lakh machines in FMCG man