ExactSpace Technologies, an Industrial AI startup, announced that it raised $1.4 million (Rs10cr) in seed funding led by Thermax Limited.
ExactSpace will use the funds to strengthen its suite of industrial solutions and expand its operations to North America.
Company: ExactSpace Technologies Private Limited
Raised: £1.67M
Round: Seed Round
Funding Month: March 2022
Lead Investors: Thermax Limited
Additional Investors:
Company Website: http://www.exactspace.co/
Software Category: Industrial AI Solutions
About the Company: Founded in 2018, ExactSpace is an Industrial AI company that enables decarbonization and asset uptime outcomes for the energy, cement, and steel industries. Its AI platform Pulse assists plant teams to make accurate decisions. By providing early/predictive warnings, expert diagnostics, and prognostics for minimizing carbon footprint and maximizing asset uptime. With the sole focus of accelerating the ongoing energy transition using deep-domain AI solutions that help decarbonize industrial plants and eliminate unplanned failures.
Source: https://www.ciol.com/exactspace-technologies-raises-1-4-million-seed-funding/