# AssetWatch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/assetwatch

- Industry: Software
- Headquarters: Westerville, US
- Website: www.assetwatch.com
- Total disclosed funding: $129M
- Latest round: Series C (Apr 28, 2025)
- Investors on record: 12

## About

Founded in 2014 and based in Ohio, US, AssetWatch, Inc., formerly Nikola Labs Inc., operates as a wireless power company that converts radio frequency energy into direct current power for electronic devices. In April 2025, AssetWatch, Inc. raised USD 75 million in series C funding led by Viking Global Investors, with participation from Spark Growth Ventures, Touchdown Ventures, Harmonic Growth Partners, OUP (Osage University Partners), Wellington Management, G2 Venture Partners, Triangle Peak Partners, and other unspecified investors. AssetWatch offers end-to-end condition monitoring and AI-driven predictive maintenance solutions, including vibration and oil analysis, to prevent unplanned downtime and reduce repair costs. Their services feature continuous monitoring, prescriptive insights from certified experts, and a holistic platform for asset health management. The Vero® sensors gather extensive vibration and temperature data to detect machine issues early. The company provides professional installation, continuous monitoring, and a cloud-based software platform with unlimited licenses.  

The company will use the April 2025 funding to expand its AI-powered platform, accelerate international and market expansion, and support its growth programs.

## Funding rounds

- Series C, Apr 28, 2025, $74M — OUP (Osage University Partners), Wellington Management, Viking Global Investors, Triangle Peak Partners, Touchdown Ventures, G2 Venture Partners, Harmonic Growth Partners, Spark Growth Ventures
- Series B, Feb 15, 2024, $25M — OUP (Osage University Partners), Wellington Management, Triangle Peak Partners, JobsOhio, G2 Venture Partners, Standard Investments, INX International Ink Co.
- Series A, Jun 30, 2022, $9.2M — OUP (Osage University Partners), Standard Investments, JobsOhio
- Series A, May 6, 2022, $20M — Triangle Peak Partners, G2 Venture Partners
- Series A, Jul 13, 2019, $0.7M — Break Trail Ventures

## Investors

- Break Trail Ventures (https://capitalatlas.ai/funds/break-trail-ventures) — Series A
- Triangle Peak Partners (https://capitalatlas.ai/funds/triangle-peak-partners) — Series A, Series B, Series C
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series A, Series B, Series C
- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A, Series B, Series C
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series A, Series B
- JobsOhio (https://capitalatlas.ai/funds/jobsohio) — Series A, Series B
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series B, Series C
- INX International Ink Co. — Series B
- Viking Global Investors (https://capitalatlas.ai/funds/viking-global-investors) — Series C
- Touchdown Ventures (https://capitalatlas.ai/funds/touchdown-ventures) — Series C
- Harmonic Growth Partners (https://capitalatlas.ai/funds/harmonic-growth-partners) — Series C
- Spark Growth Ventures (https://capitalatlas.ai/funds/spark-growth-ventures) — Series C