-
UrsaLeo and Shiratech Announce Collaboration Bringing Predictive Maintenance for the Planning, Prediction, and Prevention of Performance Issues
UrsaLeo, an enterprise software company that enables users to visualize operational data in a photorealistic 3D representation of their facility or product, and Shiratech, a world-leading specialist in Industry 4.0-based condition monitoring and predictive maintenance technologies, today announced a collaboration to offer advanced 3D Digital Twin, AI, sensor, and machine learning technology. The combination of the UrsaLeo platform with Shiratech’s iCOMOX™ solution integrated into legacy equipment allows manufacturers to plan, predict, and prevent performance issues. “For many manufacturers, replacing legacy equipment can cost anywhere from hundreds of thousands to millions of dollars and may not be necessary with machinery that already operates at a high performance level,” said John Burton,…
-
Shiratech attracts major investment and reveals IPO strategy
Shiratech, a world-leading AI specialist in Industry 4.0-based condition monitoring and predictive maintenance technologies, has received a major investment from Unicorn Technologies. Unicorn, a global public partnership that invests in companies demonstrating disruptive levels of innovation, will inject NIS 5 million (€1.27M) into Shiratech at a value of NIS 58 million (€14.7M) before cash, in return for 8% of the company’s shares. In addition to this investment, Shiratech is about to close further funding activities. The company is in the advanced stages of planning an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange. The estimated amount of the IPO will be NIS 30-40 million (€7.6-10.1M) at a value…
