Presage Insights, a provider of IoT & AI-based predictive maintenance has raised ₹5.6 crore in a seed funding round led by YourNest Venture Capital. The funding comes as part of the YourNest-SanchiConnect Velocity Program 2024.
The funds raised will be used to expand its market presence, scale operations and accelerate product innovation, including the introduction of new hardware models tailored to industrial use cases.
The company is also set to expand its overseas footprint, with plans to establish offices in the Middle East, South America, and South Asia – regions where it already serves customers. Additionally, it aims to grow its workforce, with plans to increase its team to 40 professionals across various domains.
Aman Bhambra, Co-Founder and CEO, Presage Insights, said, “With this investment, Presage is ready to redefine industrial maintenance and help businesses stay ahead of failures. It gives us the fuel to push our R&D further, making our AI-driven predictive maintenance even more accurate and reliable. We’re also bringing in Generative AI, fine-tuned on real-world data, to give maintenance teams the insights they need—fast—so they can make better decisions. This funding also helps us expand globally, reaching more industries and making machines more reliable everywhere. Most importantly, it allows us to grow our team and build a stronger foundation, ensuring every customer gets the best possible experience!!”
“Presage Insights presents a promising investment opportunity in the rapidly expanding predictive maintenance market. Its innovative hardware-software solution, supported by a strong, experienced team and patent-pending technology, addresses a critical industry need. With a scalable Opex model and early traction in both Indian and global markets, the company is primed for rapid growth. This opportunity aligns perfectly with our focus on Industry 4.0, offering exposure to high-potential, cutting-edge solutions in manufacturing,” said Sunil Goyal, Managing Director, YourNest.
Founded in 2021 by Aman Bhambra, Atul Sharma and Kamalpreet Singh Sidhu, Presage Insights offers a comprehensive platform that combines advanced IoT sensors and a cloud-based software solution, enabling real-time monitoring of machine health.
Powered by AI-driven diagnostics, the platform delivers actionable insights to predict and prevent equipment failures.
Its predictive maintenance solutions are already deployed across industries including FMCG, steel, cement, automotive and process manufacturing, serving leading customers such as Adani, Abbott Healthcare, BPCL and Kansai Nerolac.
