Company Research Report on AssetWatch
Company Overview
Name: AssetWatch
Mission of the Company:
AssetWatch aims to revolutionize industrial maintenance by eliminating unplanned downtime and unlocking significant value through advanced condition monitoring solutions.
When was the Company Founded and By Whom:
No information is available.
Key People in the Company:
- Brian Graham: Chief Executive Officer
- Will Zell: Executive Chairman & Co-Founder
- Brian Ratliff: Chief Revenue Officer
- Matt Longhouse: Chief Technology Officer
- Bill Ruff: Chief Financial Officer
- Shawn Nichols: VP, Research & Development
- John Schoger: VP, Partnerships
- Stephanie Schaffer: VP, Marketing
- Jonas Kleiner: VP, Sales
- Jaidev Krishnan: VP, Condition Monitoring
- Patrick Carmitchel: VP, Product
- Riley Gilson: VP, Operations
- Victoria Englund: VP, People
Where is the Company Headquartered:
60 Collegeview Rd. Westerville, OH 43081
Number of Employees:
No information is available.
Revenue of the Company:
No information is available.
What is the Company Known For:
AssetWatch is known for its end-to-end condition monitoring solutions, AI-driven predictive maintenance, and advanced continuous vibration monitoring systems.
Products
Vero® Sensors
High-Level Description:
Vero Sensors are advanced continuous vibration and temperature monitoring devices designed to facilitate early detection of machine issues.
Key Features:
- Triaxial Capabilities: Measures vibrations in three dimensions
- Robust Magnet Attachments: Ensures secure application to machinery
- Ultra-Low-Power Batteries: Provides longevity and reliability for continuous monitoring
- Full-Spectral Vibration and Temperature Readings: Allows detailed monitoring for comprehensive asset health insights
AssetWatch Cloud-Based Software
High-Level Description:
The AssetWatch software platform aggregates data from various monitoring devices, providing a holistic view of asset health with advanced analytics and prescriptive insights.
Key Features:
- Dynamic ROI Calculations: Showcases the financial benefits of maintenance activities
- 2-Way Communication: Enables direct interaction between customers and dedicated Condition Monitoring Engineers (CMEs)
- Proprietary Algorithms: Powered by machine learning to detect and prioritize asset risks
- Unlimited Licenses: Cost-effective without CapEx, IT, or engineering requirements
Oil Analysis Service
High-Level Description:
AssetWatch’s oil analysis service provides in-depth examination of oil samples to diagnose potential issues in machinery, combining data with vibration and temperature analysis for improved diagnostics.
Key Features:
- Comprehensive Fluid Analysis Tests: Including particle contamination, wear metals, viscosity, and water content
- Real-Time Communication: With dedicated CMEs for actionable insights
- Dynamic ROI Calculations: Predicts financial impacts for each oil sample
Route-Based Vibration Monitoring (Collect)
High-Level Description:
AssetWatch Collect complements continuous monitoring by providing route-based vibration data collection for less critical assets.
Key Features:
- Mobile App Integration: Facilitates easy and accurate data capture
- 4-Pack Vibration Sensor Kit: For efficient maintenance routines
- Expert Vibration Analysis: With real-time 2-way communication
- Holistic Asset Health View: Combines data for comprehensive analysis
Recent Developments
Strategic Partnerships
1. Noria Partnership:
- Date: July 26, 2024
- Details: Noria has partnered with AssetWatch to leverage their End-to-End Condition Monitoring Solution, integrating Vero vibration sensors with Noria’s industrial operations.
2. Mitsui Knowledge Industry Partnership:
- Date: April 1, 2024
- Details: Collaboration to deliver advanced maintenance solutions in Japan.
Funding Announcements
1. Series B Funding:
- Date: May 15, 2024
- Details: AssetWatch raised $38M in Series B funding led by Wellington Management to drive innovation in predictive maintenance.
2. Investment from Oxygea Ventures:
- Date: August 7, 2024
- Details: AssetWatch received a US$1.9 million investment from Oxygea Ventures for expanding predictive maintenance solutions.
New Products and Features
1. Modern Route-Based Vibration Monitoring:
- Details: Launch of AssetWatch Collect providing an all-in-one solution for tier 2 and tier 3 asset monitoring.
2. New Features in Vero Sensors:
- Details: Enhanced capabilities for capturing critical data on equipment temperature and vibrations, with triaxial measurement and extended battery life.
Conclusion
AssetWatch is a leader in the field of predictive maintenance solutions, continually innovating its product offerings and expanding its market presence through strategic partnerships and significant funding efforts. The company’s focus remains on providing advanced, data-driven tools to detect and resolve asset risks, ultimately enhancing operational efficiency for its clients.
