Israeli startup 3DSignals has closed a seed financing round of $3 million from Grove Ventures. 3DSignals develops an ultrasonic acoustic sensor which predicts electro-mechanical failure long before it becomes production-interruptive. 3DSignals help factories and machine manufacturers improve production efficiency by reducing unexpected downtimes of critical assets and optimizing operational parameters.
The Kfar Saba based company was founded in 2015 by CEO Amnon Shenfeld, VP software engineering Offer Affias, VP systems engineering Amit Ashkenazi and Head of Operational Algorithms Yair Levi.
Shenfeld said, “Sound taps into a part of the brain and that allows humans to instantly know if a machine is working as it should or about to malfunction. In the case of industry and manufacturing, engineers have used this innate intuition to diagnose equipment problems using sound since the time of early machines. We designed 3DSignals to build upon this fundamental human capacity and enable engineers to monitor multiple pieces of equipment, access that data from any location, and make quick decisions that can avoid costly machine disasters.” Grove Ventures partner Lotan Levkowitz said, “IoT, cloud infrastructure and artificial intelligence are emerging high-growth areas and Grove invests in companies that touch upon or converge in all three to address markets ripe for disruption. Manufacturing, mining, energy and other heavy-industry companies continue to use decades-old equipment, which creates opportunities to retrofit existing machines with Industrial IoT technology. The hundred billion dollar IoT market will accelerate quickly and bridge 40 years of technology gaps in the next five years.”
Published by Globes [online], Israel business news - www.globes-online.com - on September 30, 2016
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