Nanoprecise
7 known investors
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.
Founders & leadership
MS
Manpreet SinghCEO & CTO
PV
Prashant VermaCo-Founder & Head, India Ops & Product
Investors · 7
Yaletown Partners✓ verifiedVancouver · $1.5M – $3.6M
CIBC✓ verifiedToronto · $1.5M – $29.2M
BMO Capital PartnersreportedToronto, Ontario
Export Development Canada (EDC)reportedOttawa
Honeywell VenturesreportedCharlotte
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
- $38MSeries CMar 2025 · 2 sources
BDC's Industrial Innovation Venture Fund (lead), Yaletown Partners (lead), BMO Capital Partners, CIBC Innovation Banking, Export Development Canada (EDC)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 8
by search overlap
Tractian94 shared keywordsTractian provides IoT sensors and AI-powered software for industrial asset condition monitoring and predictive maintenance, helping manufacturers identify equipment failures before they disrupt production.
Netezza68 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
MaintainX57 shared keywordsMaintainX 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 Watch55 shared keywordsAssetWatch 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.
UpKeep51 shared keywordsUpKeep 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.
UptimeAI45 shared keywordsUptimeAI 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.
MachineMetrics45 shared keywordsMachineMetrics 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 Concept36 shared keywordsNeural Concept offers an AI platform for engineering teams that embeds AI into product design workflows, from generative CAD to multi-physics decision-making, to speed up design iteration and product development. It serves major OEMs and top-tier suppliers in hardware engineering and simulation.
Companies competing with Nanoprecise for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
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.