# Falkonry

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

- Industry: Software
- Headquarters: Cupertino, US
- Website: www.falkonry.com
- Total disclosed funding: $9.9M
- Latest round: Series A (Apr 16, 2018)
- Investors on record: 6

## About

Falkonry Inc., based in Cupertino, US, specializes in AI-driven solutions for transforming operational time series data into actionable insights, enhancing efficiency in smart manufacturing through real-time anomaly detection and predictive maintenance.Founded in 2012 in Cupertino, US, Falkonry Inc. develops advanced AI platforms for operational data analysis. The company has received funding through several rounds, including a Series A round in August 2023, raising USD 4.60 mn led by Presidio Ventures. The founder, Nikunj Mehta, has a background in creating technology solutions, underscoring his expertise in the industry. Falkonry has completed a total of four deals to date, and its most recent funding aligns with its ongoing innovations in AI technology.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 serves a diverse client base, including major players like Ternium and Sumitomo Corporation, facilitating data-driven decision-making and operational efficiency.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. Through flagship products like Falkonry Clue and Falkonry Workbench, clients can optimize their production processes and achieve operational improvements.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.

## Funding rounds

- Series A, Apr 16, 2018, $4.6M — Polaris Partners, Presidio Ventures, Zetta Venture Partners, Start Smart Labs, Basis Set, Fortive
- Seed, Jan 23, 2017, $5.3M — Polaris Partners, Zetta Venture Partners, Start Smart Labs

## Investors

- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Seed, Series A
- Zetta Venture Partners (https://capitalatlas.ai/funds/zetta-venture-partners) — Seed, Series A
- Start Smart Labs (https://capitalatlas.ai/funds/start-smart-labs) — Seed, Series A
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series A
- Basis Set (https://capitalatlas.ai/funds/basis-set) — Series A
- Fortive — Series A