Novity
Engineering Software · California, United States · 11-50 Employees
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Overview
Headquarters
963 Industrial Rd Ste I, San Carlos, Cal...Phone Number
(833) 375-4946Website
www.novity.usRevenue
<$5 MillionIndustry
ZI Rank: 1
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About Novity
Led by CEO Markus Larsson, Novity provides predictive intelligence purpose-built for industrial reliability teams in the energy and process industries. Its TruPrognostics AI platform combines physics-based models, machine learning, and contextual AI to diagnose faults, forecast remaining useful life, and recommend specific maintenance actions for rotating machinery and other industrial assets.Explore more
Novity Org Chart
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Novity financials insights
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2024
Other Financing Round
$7.8M
Novity Tech Stack
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Novity News & Media
Novity Secures $7.8 Million in New Funding to Revolutionize Predictive Maintenance with its TruPrognostics AI
SAN CARLOS, Calif., Feb. 21, 2024 /PRNewswire/ -- Novity®, the provider of the TruPrognostics™ AI, a truly predictive maintenance AI for process industry clients, is pleased to announce the successful closure of $7.8 million in financing. The investment will accelerate Novity's mission to...Xerox’s PARC Spins Out Novity, a Breakthrough Predictive Maintenance Venture
NORWALK, Conn.--(BUSINESS WIRE)--Xerox has spun out Novity™, a start-up founded by Xerox’s Palo Alto Research Center that has developed and commercialized industrial predictive maintenance technology. "PARC’s goal has always been to incubate, launch and commercialize disruptive technologies, and Novity is an excellent example of this model in action,” said Naresh Shanker, chief technology officer at Xerox and President at PARC. “We are proud of Novity’s success to-date and look forward to follo
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Led by CEO Markus Larsson, Novity provides predictive intelligence purpose-built for industrial reliability teams in the energy and process industries. Its TruPrognostics AI platform combines physics-based models, machine learning, and contextual AI to diagnose faults, forecast remaining useful life, and recommend specific maintenance actions for r... Read More
