Smartia raises £1.7m to further support the industrial sectors in their aims to create sustainable manufacturing processes and smart remote monitoring systems.
Smartia, the leading UK industrial intelligence technology company, today announced a £1.7m investment, led by 24Haymarket and supported by existing investors. Smartia’s flagship intelligence platform, MAIO, combines Artificial Intelligence (AI) and deep industrial expertise to provide manufacturers with an end-to-end Industry4.0 solution. The flexibility of MAIO enables users to develop their own Smart Remote Monitoring Systems to take advantage of IOT and Machine Learning (ML),where applications can range from anomaly detection to predictive maintenance. These systems can be monetised and become part of the servitisation revenue stream that many businesses are looking to grow.
With this funding, Smartia will grow their commercial and customer success teams, allowing them to support more industrial companies and provide the same benefits currently enjoyed by Smartia’s early customers, e.g. Airedale by Modine, who are using MAIO as their Smart Remote Monitoring System to proactively maintain their assets and provide their customers a new service based on servitisation, and companies like Airbus and Mettis Group, who are digitising their manufacturing processes using MAIO to improve efficiencies and reduce waste.
Mauro Arruda, CEO of Smartia said: “Even in its infancy, MAIO demonstrated how quickly industrial companies can start their journey to achieving sustainability, reducing energy consumption, material waste and better use of resources. As MAIO has matured, it has accelerated this process, providing the software infrastructure needed to achieve transparency of the manufacturing processes and running of remote assets. Transparency comes from the insights generated from the data collected, which provides the baseline to start making improvements from. This investment goes a long way to helping our current and future customers achieve their transformation goals.”
Jamie Dunnett, Investor Director of 24Haymarket said: “We are excited to be partnering with Mauro, Asim and the wider Smartia team at this exciting point in their journey. There are some compelling market drivers for the adoption of technologies solving for the convergence of operational and information technologies. These drivers, combined with the Company’s impressive growth and fantastic customer references, give us a high degree of confidence that Smartia is well positioned to be at the forefront of the fourth industrial revolution.”
Further to the investment we are excited to announce that 24Haymarket has appointed Nick Rose, former CFO at Diageo and NED at BAE Systems and BT, as Investor Director. Nick has more than 30 years of leadership and international experience growing consumer and industrial companies. More to follow on this appointment.
Notes to Editors
Contact: Asim Majid on 07977753162
Product Website: www.maio.io
A new dimension in industrial intelligence, Smartia provides scalable AI solutions that connect and transform industrial data into actionable insights. MAIO, Smartia’s industrial intelligence platform combines edge computing, big data technology and AI-driven applications to provide a complete digital solution for the manufacturing and engineering industries. Smartia also offers an AI and Machine Learning application development service that is tailored to the customer’s needs. For more information, please visit: www.smartia.tech
24Haymarket is a private capital firm focused on disruptive early-stage venture and growth equity investments in the UK, investing up to £5m in a transaction. Our Investor Network includes 100+ senior business leaders combining 3,000+ years of business experience with Director-level experience in companies worth a collective £700 billion. We invested aligned, patient capital in partnership with outstanding entrepreneurs to build the UK’s industrial leaders of the future. For more information, please visit: www.24haymarket.com