Israeli industrial IoT co DeepSense raises m

Israeli startup DeepSense (formerly known as SmartLogic) has completed a $2 million financing round. The company specializes in long term prediction of industrial machine failure, to minimize downtime.The round was led by AfterDox, an active angels fund in the Israeli market, with JANVEST Capital Partners and SeedIL, and follows a Chief Scientist grant to the company earlier this year. DeepSense’s system collects immense amounts of data at very high speed from dozens of sites (hundreds of machines and thousands of sensors) and streams the data to the Cloud in real-time. Using unique, advanced neural-network architectures, the DeepSense analytic engine autonomously learns how similar groups of machines behave. This engine then interlinks events with components within the machines, and with various systems at the industrial site. It is thereby able to…


Link to Full Article: Israeli industrial IoT co DeepSense raises m