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Nanoprecise

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Nanoprecise is a Canadian company that combines IoT sensors with AI-driven analytics to detect equipment faults early, reduce unplanned downtime, and cut energy waste for asset-intensive industries. It serves manufacturers and operators in sectors such as oil & gas, chemicals, automotive, and CPG through predictive maintenance technology.

Advanced ManufacturingAI & Machine LearningIoT

Founders & leadership

MSManpreet Singh
Manpreet SinghCEO & CTOManpreet Singh is CEO and CTO of Nanoprecise, bringing 20 years of leadership experience across IoT, health tech, enterprise SaaS, and clean tech sectors.
PVPrashant Verma
Prashant VermaCo-Founder & Head, India Ops & ProductPrashant Verma is a co-founder and head of India operations and product at Nanoprecise, where he oversees product management, operations, and business development for the company's predictive maintenance platform. He holds an engineering background and has worked as an instrumentation engineer, data scientist, and business analyst before transitioning to product roles; prior to Nanoprecise, he delivered business intelligence and AI solutions for Fortune 500 clients and co-created a no-code machine learning SaaS platform.

Investors · 7

CIBC✓ confirmed by NanopreciseToronto · $1.5M – $29.2M

How we know: the company's own site · Not right? Tell us

BMO Capital PartnersreportedToronto, Ontario

How we know: prnewswire.com · Not right? Tell us

Export Development Canada (EDC)reportedOttawa

How we know: prnewswire.com · Not right? Tell us

Honeywell VenturesreportedCharlotte

How we know: funding news · press coverage · Not right? Tell us

Also in the syndicate · 2

BDC's Industrial Innovation Venture FundleadCIBC Innovation Banking

Funding

SEC filings, press & company announcements

$38M disclosed across 1 round · 2025

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 7

TractianTractian provides IoT sensors and AI-powered software for industrial asset condition monitoring and predictive maintenance, helping manufacturers identify equipment failures before they disrupt production.
MaintainXMaintainX provides an AI-powered computerized maintenance management system and asset management platform designed for deskless frontline workers in industrial and operational settings. The platform enables maintenance, safety, and operational management via mobile devices, helping companies improve equipment uptime and reduce operational costs.
Asset WatchAssetWatch provides cloud-based asset monitoring software and sensor technology to help manufacturing and industrial facilities prevent unplanned equipment downtime. The company serves operations teams seeking to shift from reactive to proactive maintenance strategies.
UpKeepUpKeep provides an asset operations management platform that combines CMMS, EAM, and APM capabilities for maintenance teams. The mobile-first solution helps technicians manage work orders, inventory, and asset lifecycles in the field to improve productivity, equipment reliability, and safety.
UptimeAIUptimeAI builds an AI-based monitoring and diagnostics platform for industrial plants, providing operational guidance rather than just data, alerts, and dashboards. It targets industrial operations teams seeking to manage plant complexity and improve productivity.
MachineMetricsMachineMetrics provides a manufacturing execution system (MES) with AI-powered machine monitoring for discrete manufacturers. The platform integrates machine data, ERP systems, and production workflows to optimize scheduling, reduce downtime, and improve shop floor efficiency.
Neural ConceptNeural Concept provides AI-powered engineering software that accelerates product design and R&D cycles for manufacturers across industries like electric vehicles, aerospace, and energy. The company combines machine learning algorithms with engineering workflows to improve product performance and solve complex design challenges.

Companies working in the same space as Nanoprecise.

In the news

Nanoprecise Closes $38M USD Series C Fundraise - Nanoprecisenanoprecise.io · Mar 2025Nanoprecise Closes US$38M Series Cprnewswire.com · Mar 2025Nanoprecise Sci Corp Raises USD $10 Million in Series B Investmentprnewswire.com · Jan 2023Nanoprecise Secures Funding from Sensata Technologies - Articlesnanoprecise.io · Apr 2021

Frequently asked questions

What does Nanoprecise do?
Nanoprecise is a Canadian company that combines IoT sensors with AI-driven analytics to detect equipment faults early, reduce unplanned downtime, and cut energy waste for asset-intensive industries. It serves manufacturers and operators in sectors such as oil & gas, chemicals, automotive, and CPG through predictive maintenance technology.
Who founded Nanoprecise?
Nanoprecise was founded by Manpreet Singh, Prashant Verma.
Who are Nanoprecise's investors?
Nanoprecise's investors include Yaletown Partners, CIBC, BMO Capital Partners, Export Development Canada (EDC), Honeywell Ventures.
How much funding has Nanoprecise raised?
Nanoprecise has disclosed $38M raised across 1 round.