Portugal’S ‘Predictive Maintenance’ Startup Stratio Pulls In A $12M Series A Round Led By Forestay
PRIVATENov 30, 2021
Amount Raised
$12 Million
Round Type
Series A
Portugal
Description
The fleet management industry needs to be able to predict when a truck or a van is about to break down. Not only does this prevent millions in lost revenues, it also has huge implications for supply chains. ‘Predictive maintenance’ is one of those spaces in which you will find several incumbent companies, such as BOSCH, and WABCO which offerer existing, “legacy” solutions.
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Company Information
Company
Stratio
Location
Portugal
About
This means we can deploy our technology across all types of fleets while typically leveraging 10x times more parameters (data – temperatures, pressures, etc) from all the different components and systems.”The result for customers is that the platform immediately becomes mission-critical, says Margalho: “This is the equivalent of X-rays in healthcare – you just can’t imagine going back to doing surgery without it. Where Stratio says it has an edge over other players is that can deal with a great many different vehicle types, automakers’ brands, models etc.
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Portugal