# NeuronSW

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

- Industry: Software
- Headquarters: Prague, Czech Republic
- Website: www.neuronsw.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Jun 19, 2017)
- Investors on record: 2

## About

NeuronSW Ltd. is a technology company focusing on advanced machine monitoring and predictive maintenance solutions through Artificial Intelligence (AI) and Machine Learning (ML).Founded in 2016 by Pavel Konecny, NeuronSW Ltd. is headquartered in Prague, Czech Republic, and specializes in providing innovative monitoring solutions for industrial equipment. The company has raised EUR 0.60 mn in Seed funding led by J&T Ventures, with participation from Siemens Group, as of June 19, 2017. NeuronSW has completed a single funding round with a total amount raised of EUR 0.60 mn.NeuronSW specializes in advanced machine monitoring and predictive maintenance solutions leveraging Artificial Intelligence (AI) and Machine Learning (ML). Their flagship offerings include the nEdge hardware, which utilizes IoT and sensor technologies, and the nGuard software platform that provides real-time data processing and analytics. These solutions are designed to monitor a wide array of industrial equipment, including power generation systems, pumps, compressors, CNC machines, and complex HVAC systems. By analyzing physical parameters such as sound, temperature, and electric current, NeuronSW helps organizations optimize their manufacturing processes, enhance equipment health monitoring, and minimize unscheduled downtimes. The company primarily serves industries in Europe, North America, and Asia, catering to a diverse client base of original equipment manufacturers (OEMs) and large-scale industrial operators.NeuronSW generates revenue through a combination of direct sales and subscription-based models for its software and hardware solutions. Clients typically engage in partnerships where they acquire ongoing services and support for their deployment of the nEdge and nGuard systems. The structure of transactions often involves long-term agreements that provide clients with access to continuous monitoring capabilities and regular updates to the software platform. While specific pricing details are not disclosed, it is understood that the firm's solutions are tailored to meet individual client needs, potentially varying based on the scale and complexity of the equipment being monitored. This approach fosters customer loyalty and ensures a steady revenue stream from ongoing service agreements and maintenance contracts.NeuronSW plans to utilize the EUR 0.60 mn raised in Seed funding to enhance its technology offerings and expand its market reach. The company is focused on developing new products that enhance predictive maintenance capabilities, aiming to release these products within the next two years. Additionally, NeuronSW is targeting expansion into new markets, specifically in North America and Asia, by 2025, to better serve a growing client base in these regions. Recent funding will support these initiatives, including product development and market entry strategies.

## Funding rounds

- Seed, Jun 19, 2017, $0.7M — Siemens Group, J&T Ventures

## Investors

- Siemens Group — Seed
- J&T Ventures (https://capitalatlas.ai/funds/j-t-ventures) — Seed