Nanoprecise Secures US$38M Series C Funding
Nanoprecise just landed a hefty $38 million in Series C funding, and it’s not just about keeping the lights on and it’s about making industrial maintenance a whole lot smarter.
With a mix of equity and debt financing, the AI-driven diagnostics company is gearing up to scale its Energy-Centered Maintenance (ECM) approach, which goes beyond just telling you something’s wrong, but actually tells you what to do about it.
Leading the charge in this oversubscribed round is Yaletown Partners, with co-lead BDC’s Industrial Innovation Venture Fund, and contributions from EDC, BMO Capital Partners, and CIBC Innovation Banking.
This influx of capital puts Nanoprecise in a prime position to expand its market footprint and push its AI capabilities even further.
“Predictive maintenance is no longer a ‘nice-to-have’—it’s a strategic necessity for industrial resilience and efficiency,” said Hans Knapp, Partner and Co-founder at Yaletown Partners.
He pointed out that Nanoprecise isn’t just helping other businesses run efficiently; it’s practicing what it preaches by achieving the highest revenue per dollar of investor funding in its class.
At its core, Nanoprecise is solving a problem that most industries don’t even realize they have. While companies tend to focus on preventing downtime in their most critical machinery, that only covers about 10 to 20% of their equipment.
The rest of the things, about 80 to 90%, often has redundancies, meaning that traditional predictive maintenance doesn’t capture its full value. This is where ECM steps in, delivering insights not just on machine health, but also energy consumption trends.
The result? A smarter approach that turns maintenance from a reactive scramble into a proactive, cost-saving strategy.
“Catching failures before they happen is important, but today, that’s just step one,” said Nanoprecise CEO Sunil Vedula. “With this investment, we’re taking maintenance from a game of guesswork to a strategic advantage. Machines won’t just tell you something’s wrong; they’ll give you the full picture—what’s happening, why it matters, and exactly what to do next.”
That’s the kind of clarity that makes maintenance teams the smartest people in the room.
The company’s AI-powered solution is also built for the real world, operating in the toughest environments while maintaining top-tier cybersecurity standards. With certifications like Zone 0, C1D1, and SOC II Type II, Nanoprecise ensures that its insights are both accurate and secure.
The AI also keeps false positives to a minimum—less than 1%—which means teams spend less time chasing ghosts and more time fixing real issues.
With its sights set on scaling globally, Nanoprecise is bringing in fresh leadership to help drive the vision forward. Param Desai joins as Chief Product Officer, spearheading AI-powered product innovation, while Kevin Clark steps in as Chief Evangelist, helping industries embrace ECM on a broader scale.
This funding round isn’t just a financial boost, it’s a signal that industrial maintenance is shifting from a reactive chore to a strategic powerhouse.
And if Nanoprecise has anything to do with it, the days of unexpected machine failures are numbered.
