
Scription
Enables maintenance companies to offer personalized warranties to equipment operators based on individual equipment performance.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
investor investor investor investor investor investor investor | €0.0 | round | |
* | $7.9m | Seed | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Scription.ai specializes in predictive maintenance solutions, utilizing advanced AI and machine learning algorithms to maximize equipment uptime and optimize operational efficiency. The company serves industrial clients who rely on heavy machinery and equipment, operating primarily in the manufacturing, energy, and transportation sectors. Scription.ai's business model revolves around providing software as a service (SaaS) that integrates seamlessly with clients' existing systems to monitor and analyze equipment performance in real-time. The company generates revenue through subscription fees, offering various pricing tiers based on the scale and complexity of the client's needs. By employing state-of-the-art technologies such as LSTMs (Long Short-Term Memory networks) and attention mechanisms, Scription.ai delivers actionable insights that help clients reduce downtime and maintenance costs. The company is currently in a growth phase, actively fundraising to expand its capabilities and market reach.
Keywords: predictive maintenance, AI, machine learning, equipment uptime, operational efficiency, industrial clients, SaaS, LSTM, attention mechanisms, real-time monitoring.