A $38 million Series B fundraising round was secured by Columbus, Ohio-based AssetWatch, a predictive maintenance and condition monitoring firm.
Investors
- Wellington Management
- JobsOhio Growth Capital Fund
- G2 Venture Partners
- Triangle Peak Partners
- Standard Investments
- Osage University Partners
Use of funds
The cash will be used by the company to scale up and expand operations, as well as to further improve continuous innovation.
About AssetWatch
AssetWatch, under the direction of CEO Brian Graham, specializes in predictive maintenance solutions and offers a comprehensive remote condition monitoring service to help factories across the world maximize operations and minimize unscheduled downtime. Software, condition monitoring engineers, and a network of wireless sensors and communication hubs make up the system.
