AssetWatch is a Columbus, Ohio–based condition monitoring and predictive maintenance company led by CEO Brian Graham. The company provides an end-to-end remote condition monitoring service comprised of a network of wireless sensors and communication hubs, software, and condition monitoring engineers. Its solutions are designed to eliminate unplanned downtime and optimize operations for global manufacturers. In May 2024 AssetWatch raised $38M in a Series B financing. The company intends to use the funds to further enhance ongoing innovation and to expand and scale up the business. The round underscores continued investor interest in industrial predictive maintenance solutions. Nikola Labs provides a remote monitoring solution that tracks the health of critical manufacturing equipment via a network of wireless vibration sensors. Machine learning models and certified vibration experts analyze the sensor data and generate prescriptive and predictive maintenance alerts so machines can be repaired before failure. The company is a spinout of The Ohio State University and is led by CEO Brian Graham. Its vibration sensors are deployed across North America and the UK, and it currently serves over 100 manufacturing organizations. Nikola Labs reports delivering tens of millions in savings annually to customers by eliminating unplanned downtime events. The company intends to use the new capital to scale the business; its total funding to date is $50m. Nikola Labs provides sensor-based reliability solutions that simplify proactive maintenance and eliminate unplanned downtime for global manufacturers. Its AssetWatch™ platform combines proprietary sensor systems, third-party data inputs, machine learning and prescriptive insights from a team of condition-monitoring engineers to predict upcoming machine faults. The company was spun out of The Ohio State University and is led by CEO Brian Graham and Co‑founder and Executive Chairman Will Zell. Nikola Labs raised $20M in a Series A to accelerate development of its IoT platform and machine-learning capabilities. The company intends to use the funds to expand into new markets and broaden commercial deployment of its AssetWatch™ offering.

Total raised

$67M

Funding rounds

3

Latest round

Series B

Latest activity

May 2024