Falkonry
Latest round
- Series A
Last raised
- Apr 2018
Total raised
- $9.9M
Investors
- 6
About Falkonry
Founded in 2012 in Cupertino, US, Falkonry Inc. develops advanced AI platforms for operational data analysis. The founder, Nikunj Mehta, has a background in creating technology solutions, underscoring his expertise in the industry.Falkonry's core offering is the Time Series AI Cloud, which utilizes advanced AI technology to transform operational time series data into actionable insights for smart manufacturing. This platform automates the monitoring of equipment and processes, enabling users to detect anomalies, faults, and excursions in real time. Key functionalities include predictive maintenance, increasing uptime and yield, condition-based maintenance for mission reliability, and continuous monitoring across various industries such as metals, pharmaceuticals, automotive, and semiconductors.Falkonry's revenue model primarily revolves around subscription-based services that provide access to its Time Series AI platform. Clients engage in business transactions through annual or monthly subscriptions, utilizing the company's AI-driven analytics tailored to their operational needs. Partnerships across sectors, including defense and intelligence, automotive, and semiconductor manufacturing, underpin the transactional structure, which includes support for integrating operational data and ongoing updates to AI models.In August 2023, Falkonry Inc. was acquired by IFS Aktiebolag, a portfolio company of Hg and TA Associates. This acquisition will enable Falkonry to leverage IFS's resources and expertise to further innovate and expand its artificial intelligence solutions. Moving forward, the company will focus on enhancing its product offerings and exploring new market opportunities to broaden its impact in the AI sector.
Who invested in Falkonry
6 investors across 2 rounds
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Questions about Falkonry
Who invested in Falkonry?
Falkonry has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Falkonry raised?
Falkonry has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Falkonry last raise money?
Falkonry's most recent round on record is a Series A, in Apr 2018.
What does Falkonry do?
Founded in 2012 in Cupertino, US, Falkonry Inc.
Where is Falkonry headquartered?
Falkonry is headquartered in Cupertino, US.
Which VCs invest in companies like Falkonry?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Falkonry's stage. Their profiles are linked below.
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