Nanoprecise Sci Corp, an Edmonton-based cleantech company, has secured $38 million in Series C funding, co-led by Yaletown Partners and BDC’s Industrial Innovation Venture Fund. Backers include EDC, BMO Capital Partners, and CIBC Innovation Banking. Nanoprecise uses AI and wireless sensors to monitor industrial machinery and predict failures before they occur.
The funding will scale its AI-driven predictive maintenance platform, boosting efficiency and sustainability for global manufacturers. CEO Sunil Vedula says the company aims to help teams make data-informed, proactive decisions. New executive hires include Param Desai as CPO and Kevin Clark as Chief Evangelist.
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