Praemo
Latest round
- Series A
Last raised
- Oct 2020
Total raised
- $6.9M
Investors
- 3
About Praemo
Praemo Inc. is a technology company specializing in advanced analytics for manufacturing.Founded in 2017 in Kitchener, Canada, Praemo Inc. develops an analytics platform aimed at optimizing manufacturing processes. The founder, Paul Hancock, has a history in technology ventures.Praemo's core product offerings center around their advanced analytics platform designed to enhance operational efficiency for manufacturers. By leveraging artificial intelligence and machine learning, Praemo delivers insights that help clients optimize production processes, reduce downtime, and improve overall productivity. The platform is tailored for industries such as automotive, aerospace, and consumer goods, focusing on real-time data analytics to address challenges like equipment malfunctions and inefficiencies in supply chain management. Praemo's clientele includes mid to large-sized manufacturers primarily in North America and Europe, who utilize these solutions to gain actionable insights from their existing operational data.Praemo generates revenue through a subscription-based model that allows companies to access its analytics platform and related services. Clients engage in direct B2B transactions, typically entering into annual contracts which include onboarding, training, and ongoing support. The pricing structure is tiered based on the scale of deployment and specific service levels required, with different tiers catering to varying operational needs of manufacturers. Flagship offerings that contribute to the revenue stream include their AI-driven analytics services, which are designed to provide continuous insights and predictive maintenance capabilities.In June 2023, Praemo Inc. was acquired by Stream Systems Ltd. Financial terms of the deal were not disclosed. Additionally, Praemo plans to expand its reach into new markets in North America and Europe over the next few years, leveraging its advanced technologies to meet growing demand in those regions.
Who invested in Praemo
3 investors across 2 rounds
See all investors in Praemo
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Praemo
Who invested in Praemo?
Praemo has 3 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 Praemo raised?
Praemo has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Praemo last raise money?
Praemo's most recent round on record is a Series A, in Oct 2020.
What does Praemo do?
Praemo is a industrial machinery company.
Where is Praemo headquartered?
Praemo is headquartered in Kitchener, Canada.
Which VCs invest in companies like Praemo?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back industrial machinery companies at Praemo's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series A
Raising like Praemo? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.