Feelit Technologies Company Profile

Background

Feelit Technologies, founded in 2017 and headquartered in Haifa, Israel, specializes in predictive maintenance solutions for industrial applications. The company leverages advanced nanotechnology and artificial intelligence to transform standard manufacturing assets into smart, self-monitoring systems. By providing real-time insights into equipment health, Feelit aims to minimize unplanned downtime, enhance operational efficiency, and promote sustainable manufacturing practices.

Key Strategic Focus

Feelit's strategic focus centers on developing and deploying innovative sensing solutions that enable predictive and condition-based maintenance. The company's core objectives include:

Enhancing Equipment Reliability: By offering real-time monitoring and early detection of potential failures, Feelit helps industries maintain continuous operations and reduce maintenance costs.

Promoting Sustainability: Through efficient resource utilization and energy conservation, Feelit's solutions contribute to environmentally friendly manufacturing processes.

Expanding Market Reach: Targeting diverse industrial sectors such as petrochemicals, automotive, and energy, Feelit aims to broaden its impact across global markets.

Financials and Funding

Feelit Technologies has attracted significant investment to support its growth and innovation initiatives:

Henkel AG & Co. KGaA Investment (January 2021): Henkel invested in Feelit to enhance its maintenance, repair, and overhaul (MRO) solutions, integrating Feelit's predictive maintenance technology into its portfolio.

Bazan Group Investment (December 2022): Israel's largest petrochemical concern, Bazan Group, invested $2 million in Feelit to incorporate advanced manufacturing technologies and develop dedicated products for the refining and petrochemical industry.

Pipeline Development

Feelit's product development focuses on creating advanced sensing solutions tailored for various industrial applications. Key developments include:

RetroFeel™ System: A nanotechnology-based sensor system that provides real-time monitoring of structural changes in industrial equipment, enabling predictive maintenance and reducing unplanned downtime.

Customized Solutions: Collaborations with industry leaders like Bazan Group to develop specialized products that address specific challenges in sectors such as petrochemicals and refining.

Technological Platform and Innovation

Feelit's technological platform is distinguished by several proprietary innovations:

Nanotechnology Sensors: Utilizing ink-based, printed nanomaterial sensors that can be applied as stickers to equipment surfaces, these sensors detect structural changes with high sensitivity, enabling real-time monitoring without intrusive installation.

Artificial Intelligence Integration: The sensors are coupled with AI algorithms that analyze data to predict potential failures, facilitating proactive maintenance strategies.

Edge Computing Capabilities: By processing data at the source, Feelit's solutions provide immediate insights, reducing latency and reliance on cloud connectivity.

Leadership Team

Feelit's leadership comprises experienced professionals dedicated to driving innovation and growth:

Dr. Gady Konvalina, CEO & Co-founder: With a background in nanotechnology and materials science, Dr. Konvalina leads the company's strategic direction and business development.

Dr. Meital Segev-Bar, CTO & Co-founder: An expert in sensor technology and nanomaterials, Dr. Segev-Bar oversees the company's technological advancements and product development.

Adi Shimony, Head of Human Resources: Responsible for talent acquisition and organizational development.

Noy Zalts, VP Sales & Marketing: Leads the company's sales strategies and market expansion efforts.

Yuval Abraham, VP R&D: Manages research and development initiatives to drive technological innovation.

Alex Dehtar, VP Products: Oversees product management and ensures alignment with market needs.

Amit Levy Yamamori, Director of Engineering: Leads engineering teams in developing and implementing Feelit's solutions.

Achikar Stern Konshtok, Director of Data Science & Analytics: Heads data analysis efforts to enhance product performance and predictive capabilities.

Shoshi Kaganovsky, President, North America: Manages operations and business development in the North American market.

Leadership Changes

In March 2022, Feelit officially opened its new headquarters, marking a significant milestone in the company's growth. The event featured keynote speeches by Prof. Hossam Haick, Dean of Undergraduate Studies at the Technion, and Dr. Paolo Bavaj, Head of Henkel Tech Ventures.

Competitor Profile

Market Insights and Dynamics

The predictive maintenance market is experiencing substantial growth, driven by the increasing adoption of Industry 4.0 technologies and the need for efficient asset management. Key trends include:

Integration of IoT and AI: Enhancing real-time monitoring and predictive capabilities.

Focus on Sustainability: Reducing energy consumption and minimizing environmental impact through efficient maintenance practices.

Competitor Analysis

Feelit operates in a competitive landscape with several notable companies:

Sensohive: Specializes in wireless sensor solutions for industrial applications, focusing on real-time data collection and analysis.

Converge: Provides AI-driven solutions for construction and industrial sectors, emphasizing data integration and predictive analytics.

Giatec Scientific: Develops smart testing technologies for concrete, offering real-time monitoring and predictive insights for the construction industry.

Strategic Collaborations and Partnerships

Feelit has established significant partnerships to enhance its market position and technological capabilities:

Henkel AG & Co. KGaA: The investment and collaboration aim to integrate Feelit's predictive maintenance solutions into Henkel's MRO portfolio, expanding reach across various industries.

Bazan Group: The partnership focuses on developing dedicated products for the refining and petrochemical industry, leveraging Feelit's sensor technology to improve operational efficiency.

Operational Insights

Feelit's strategic considerations include:

Differentiation through Technology: Leveraging proprietary nanotechnology and AI to offer unique, non-intrusive sensing solutions.

Scalability: Designing products that can be easily deployed across various industrial environments without significant downtime.

Customer-Centric Approach: Collaborating closely with industry partners to develop tailored solutions that address specific operational challenges.