Swedish machine fitness tracker IPercept raises $16.5M
Swedish machine fitness tracker IPercepthas raised $16.5m in a Series A funding round, it said today.The funding round was co-led by IsogonVentures, the early-stage VC, and London-headquartered VC 215...
Swedish machine fitness tracker IPercept has secured $16.5 million in Series A funding, according to a recent announcement. The investment round was co-led by Isogon Ventures and London-based VC firm 2150, with participation from existing investors Luminar Ventures, RunwayFBU, J12 Venture, and AI.Fund. IPercept, based in Stockholm, specializes in predictive maintenance for CNC machines, offering insights into wear, faults, and degradation through its AI assistant.
The technology works by reading a machine's motion, converting micrometre-scale motion into data, and providing valuable information without connecting to the machine controller or customers' IT networks. With this funding, IPercept plans to expand into the US market, hire local staff, and further enhance its technology. Currently used by Airbus, Bosch, and Volvo, the startup launched its commercialization efforts in 2022 after spinning out of KTH Royal Institute of Technology in Sweden.
IPercept's CEO, Karoly Szipka, emphasized the importance of making CNC machines "legible to software and AI," highlighting the need to bring this technology to every factory in need.
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