People’s Champion finalist 2016: Senseye
This company is aiming to save the manufacturing industry millions with its predictive maintenance tools, but could it be your People’s Champion?
Start-up name: Senseye
Founders: Alexander Hill, Simon Kampa and Rob Russell
Started in: 2015
Based in: Southampton
Business description: Cloud-based diagnostics and prognostics tool
The Senseye story:
Founded by a team who had previously worked on maintenance systems in the aerospace and defence industry, Senseye develops affordable and automated predictive maintenance tools for the manufacturing industry.
PROGNOSYS, which the company claims is the “world’s first prognostics product”, is a cloud-based tool that diagnoses future or current machine issues to help factory maintenance and operations managers fix them before they become serious issues.
Unlike traditional systems that require manual expert analysis, PROGNOSYS sends users a notification telling them what needs to be fixed and what they should be aware of.
The start-up currently claims to work with one of the largest automotive equipment manufacturers in the world and has a number of proof of concept projects underway with several Fortune 500 companies, across manufacturing, mining and industrial automation industries which will save them “millions of pounds in avoided downtime”.
Why Senseye made our shortlist:
Set to secure a Series A round that will fuel expansion into the US and Germany, and with predictive maintenance expected to grow from $240bn to $627bn by 2025, Senseye is sitting on an enormous potential market.