Senseye is the leading cloud-based software company for Predictive Maintenance (PdM).
Senseye PdM solution helps manufacturers avoid downtime and save money by automatically forecasting machine failure without the need for expert manual analysis.
As a company, Senseye believes that its customers can learn and master Industry 4.0 best practices and implement true digital transformation. Senseye has 50+ FTEs, of which more than half are technical members. Senseye has a team actively involved in data science and pure research with 25% of its staff holding PhDs (or higher level, e.g. Associate Professor).
Senseye has been credited with many technology and innovation awards and has been described as one of the most disruptive companies in the UK. Senseye has raised £12m+ million in Equity funding, from institutional investors MMC Ventures, Breed Reply, IQ Capital and Momenta Partners, among others.
The Challenge
The first Covid lockdown in early 2020 had significantly affected the manufacturing sector in general and especially automotive which as a sector represented their largest shares of customers at that time. The temporary suspension of services affected revenue and cash during the period but not ARR.
The lockdown period has actually pointed out to a situation where manufacturing companies are now looking to monitor machines/assets off site which represents a great opportunity for a solution such as SenseyePdM.
Moreover, the companies are now looking at cutting costs even more and again Senseye PdM can play a significant role in that. In addition to these use cases coming to the forefront, Senseye has acquired multiple new customers in new sectors.
