New York-headquartered industrial AI startup Aquant Technologies Ltd. has raised $10 million, the company said in a statement Thursday. Lightspeed Venture Partners led the round. Other participants included New York-based World Trade Ventures and SilverTech Ventures, and Angular Ventures. For daily updates, subscribe to our newsletter by clicking here. Incorporated in 2016, Aquant develops and markets machine learning software that mines historical data for insights that can shorten machinery downtime. The company lists Home Depot and 3D Systems as customers.
Aquant Technologies has secured $10 million 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.