Novity Revolutionizes Predictive Maintenance with $7.8M Funding Boost

Novity, a San Carlos-based AI provider, secures $7.8M in funding to expand its predictive maintenance solutions for industrial clients. Led by WERU Investment, the round includes investors like Myriad Venture Partners and METAWATER. Novity's TruPrognostics AI accurately predicts equipment health, reducing downtime and costs for Fortune 1000 clients. CEO Markus Larsson aims to innovate further with the new funds.