Aquant Technologies has secured $10m in a funding round led by Lightspeed Venture Partners. Others, including Angular Ventures, SilverTech Ventures and World Trade Ventures, also invested in the New York-based industrial AI firm. Since launching in 2016, Aquant has worked on creating and selling machine learning software that mines historical data to understand how machinery downtime can be cut. The start-up counts Home Depot and 15 Systems among its customers, and has 3D staff working in its New York and Tel Aviv offices.
Aquant Technologies has secured $10m in a funding round led by Lightspeed Venture Partners. Others, including Angular Ventures, SilverTech Ventures and World Trade Ventures, also invested in the New York-based industrial AI firm. Since launching in 2016, Aquant has worked on creating and selling machine learning software that mines historical data to understand how machinery downtime can be cut. The start-up counts Home Depot and 3D Systems among its customers, and has 15 staff working in its New York and Tel Aviv offices.