COMPREDICT, a German startup specializing in AI-enabled software solutions for predictive maintenance, vehicle health, and usage monitoring, raised $5.5 million in Series A funding.
This round was led by Vektor Partners, a mobility-focused VC firm, and BlackBerry Limited.
The funds will be used to scale its AI predictive platform for automotive health and usage monitoring. It will also use the funding to deepen its collaboration with automakers and fleet providers, as well as expand into new markets.
Company: COMPREDICT GmbH.
Raised: $5.5M
Round: Series A
Funding Month: June 2022
Lead Investors: Vektor Partners
Additional Investors: VC firm, and BlackBerry Limited
Company Website: https://compredict.ai/c
Software Category: AI-enabled software solutions
About the Company: Founded by Rafael Fietzek and Stéphane, COMPREDICT provides an AI-based Virtual Sensors and Durability Analytics Solution. The company encourages sustainable mobility and operates with the mission to transfer vehicle data into vehicle insights. It considers vehicle health and usage monitoring as an essential part of a sustainable vehicle lifecycle to maximize utilization and minimize environmental footprint. Its innovative virtual sensors enable fleet operators and vehicle manufacturers (OEMs) to gain a deeper insight into how their vehicles’ safety-critical components are used. Also, the company’s intuitive cloud-based Analytics Dashboard provides a holistic view of a vehicle’s health and estimates the lifespan of brakes, tires, or batteries to identify issues early and cut down on expensive warranty and maintenance costs.
Source: https://techfundingnews.com/sustainable-mobility-race-compredict-that-uses-ai-based-virtual-sensors-nabs-5-5m/