Nanoprecise Closes US$38M Series C
- Editor
- Mar 27
- 2 min read
Whats Happening:
Nanoprecise Sci Corp has secured US$38 million in Series C funding through a combined equity and debt round. The oversubscribed equity financing was led by Yaletown Partners and co-led by BDC's Industrial Innovation Venture Fund, with participation from Export Development Canada, BMO Capital Partners, and a credit facility from CIBC Innovation Banking. This funding will enable Nanoprecise to rapidly expand its market presence and accelerate strategic initiatives for its AI-driven Energy-Centered Maintenance (ECM) approach in industrial maintenance.
Key Moves:
Nanoprecise secures $38M in Series C funding led by Yaletown Partners and BDC's Industrial Innovation Venture Fund
Funding to expand market presence and accelerate strategic initiatives for Energy-Centered Maintenance
Nanoprecise expands leadership team with new Chief Product Officer and Chief Evangelist
By The Numbers:
Nanoprecise achieved triple-digit growth in 2024
Solution provides energy savings on 80-90% of plant equipment
Nanoprecise maintains less than 1% false positives and negatives in diagnostics
Key Quotes:
"Predictive maintenance is no longer a 'nice-to-have' - it's a strategic necessity for industrial resilience and efficiency," - Hans Knapp, Partner at Yaletown Partners
"Nanoprecise delivers a scalable, high-impact solution that simultaneously drives operational reliability and sustainability outcomes," - Erin Sheets, Partner at BDC's Industrial Innovation Venture Fund
"With this investment, we're taking maintenance from a game of guesswork to a strategic advantage," - Sunil Vedula, CEO of Nanoprecise
Bottom Line:
Nanoprecise's $38M Series C funding marks a significant milestone in the industrial maintenance sector. The fund's AI-driven Energy-Centered Maintenance approach is poised to transform how industries manage equipment, focusing on both operational reliability and energy efficiency. With strong backing from notable investors and a newly expanded leadership team, Nanoprecise is well-positioned to scale its innovative solution globally, potentially reshaping the future of industrial maintenance.
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