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Nanoprecise Closes US$38M Series C

On March 27, 2025, Edmonton-based AI-driven diagnostics company Nanoprecise announced the closing of a US$38 million oversubscribed Series C funding round, comprised of both equity and debt.
Fueled by triple-digit growth in 2024, Nanoprecise is scaling its Energy-Centered Maintenance approach, which delivers insights on machine health and energy consumption, and enhancing its AI-driven diagnostics to improve industrial maintenance.
Yaletown Partners and BDC's Industrial Innovation Venture Fund co-led the equity financing, with participation from EDC and BMO Capital Partners, while CIBC Innovation Banking provided a credit facility.
According to Nanoprecise CEO Sunil Vedula, predictive maintenance is no longer a 'nice-to-have' but a strategic necessity, stating, "Catching failures before they happen is important, but today, that's just step one."
Nanoprecise intends to use the funding to expand its market presence, accelerate strategic initiatives, and continue developing its AI-powered ECM solution, which improves machine efficiency and contributes to sustainability by providing actionable insights and minimizing false positives.

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The Salamanca Press

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Nanoprecise Closes US$38M Series C

Nanoprecise Secures US:38 million in Series C funding in a combined equity & debt round to make industrial maintenance smarter, faster, and more predictable

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Nanoprecise closes Series C to predict industrial equipment failures

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FinSMEs

Nanoprecise Closes US$38M Series C Funding

Nanoprecise, an Edmonton, AB, Canada-based AI-powered energy centered predictive maintenance solution company, raised US$38M in Series C funding. The round was led by Yaletown Partners and BDC’s Industrial Innovation Venture Fund, with participation from Export Development Canada, BMO Capital Partners, alongside a Credit facility from CIBC Innovation Banking. The company intends to use the funds to expand operations and its development […] The …

6 days ago

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AllBlogThings.com - A Tech & Business Blog!

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 ove…

6 days ago

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