Presage Insights secured Rs 5.6 crore in seed funding from YourNest Venture Capital to enhance market presence and scale operations in the growing predictive maintenance sector.

Target Company Overview

Presage Insights, co-founded in 2021 by Aman Bhambra, Atul Sharma, and Kamalpreet Singh Sidhu, is an innovative provider of IoT and AI-based predictive maintenance solutions. The Noida-based company specializes in offering a comprehensive platform that integrates advanced IoT sensors with cloud-based software, enabling real-time monitoring of machinery health. By leveraging AI-driven diagnostics, Presage Insights provides actionable insights that aid in anticipating and preventing equipment failures, ultimately helping manufacturers save approximately $6,000 annually per machine, prolong equipment lifespan, and address the skills gap in the industrial workforce.

With a mission to transform the industrial landscape through AI and IoT solutions, Presage Insights focuses on enhancing operational efficiency, productivity, and sustainability in manufacturing. The company is committed to minimizing machine downtimes, improving predictive maintenance capabilities, and evolving manufacturing environments into intelligent, automated ecosystems that maximize value while minimizing waste.

Industry Overview

The global predictive maintenance market is projected to experience immense growth, expected to rise from $7.5 billion in 2023 to $88.8 billion by 2032, reflecting