Precognize Overview
Precognize is the developer of SAM GUARD, an online monitoring solution designed for the process manufacturing industry to help detect upcoming failures. SAM GUARD uses a powerful combination of artificial intelligence and a domain knowledge-based digital twin to achieve maximum availability, performance, and productivity. To ensure optimal coverage of all assets, SAM GUARD monitors the user’s critical and regular equipment, both static and rotating, in batch as well as continuous processes. The company’s analytical monitoring engineers provide support and minimize the time and load on the plant team by detecting unexpected issues, including equipment failures, process deviations, blockages, overflows, and more.
Cumulative Funding Raised Over Time ($)
$2.0MDec 2016
Latest News
growth-positive
Samson acquires Visual Process Ltd
Samson Aktiengesellschaft has acquired the Israeli start-up Visual Process Ltd. The acquisition allows Samson to offer its customers the predictive monitoring and diagnostic tool SAM GUARD based on Precognize. The partnership brings Samson closer to becoming the market and innovation leader for intelligent, networked valve technology in process automation.
Partners
The internet of things: industry's digital revolution
Unknown
Predictive Maintenance for the Process Industry Precognize
The article discusses a software solution for the process industry that monitors and detects quality issues, equipment failures, and deviations in operation modes and process behavior. It claims to provide up to five actionable alerts a day, reducing false alarms. The software also offers predictive maintenance, notifying of failures in advance to save money. It combines experts knowledge with machine learning for a unique monitoring solution. Implementation is said to take only two weeks, and the results point to the exact location and nature of failures.
| Sector | Industrial Technologies |
Funding
| Total funding | $2M |
| Last funding | $2M |
| Stage | Acquired |
| Rounds | 1 |
| Investors | 1 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | precog.co |
| Careers | Careers page |
Locations
Nahum Het Street 5, Tirat Carmel, Israel
Weismllerstrae 3, 60314 Frankfurt am Main, Germany
Photos & Videos
1 item(s)
Precognize Business
Business models
B2G, B2B
Product stage
Released
Employees
11-50
Sector
Climate TechClean Industry Tech Eco-Efficient ManufacturingIndustrial TechnologiesOperational Optimization SolutionsTarget Customer
Industrial ManufacturingManufacturing FacilitiesHybrid IndustriesMetalsProcess IndustriesChemicals & PetrochemicalsEnergy, Utilities & Waste ManagementCore Technology
Simulation & ImagingDigital TwinArtificial IntelligenceDeep LearningMachine LearningCommunicationsIOTTags (12)
machine-learningindustrial-applicationsdata-analyticsbig-dataclimate-techartificial-intelligencemaintenancemanufacturing-facilitiesindustry-4.0predictive-maintenancedigital-twinsensorsSolutions
{"title":"Process Manufacturing","description":"Precognize provides an AI-powered predictive maintenance solution for process manufacturing, analyzing real-time data to detect anomalies and predict equipment failures, enabling proactive issue resolution, reduced downtime, optimized production, and improved safety.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":1,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Oil & Gas","description":"Precognize provides an AI-powered predictive maintenance solution for the Oil & Gas industry, analyzing real-time data to detect anomalies, predict equipment failures, and provide actionable insights for proactive maintenance and optimized operations.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":1,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Chemicals","description":"Precognize offers an AI-powered predictive maintenance and process optimization platform for the chemical industry, leveraging machine learning to analyze real-time and historical data to predict equipment failures, optimize production, and enhance safety.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Building materials & Construction","description":"Precognize offers an AI-powered predictive maintenance solution for industrial assets, utilizing machine learning to analyze sensor data, identify anomalies, and predict equipment failures to prevent unplanned downtime and optimize maintenance schedules.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":1,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Metals & Mining","description":"Precognize offers an AI-powered predictive maintenance and operational intelligence platform for heavy industries like Metals & Mining, designed to prevent equipment failures, optimize operations, and reduce unplanned downtime.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":1,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Process Manufacturing VerticalOil & Gas VerticalChemicals VerticalBuilding materials & Construction VerticalMetals & Mining VerticalGeographic Markets
CanadaTaiwanSwitzerlandSouth AmericaGermanyEuropeEgyptUnited StatesAsiaNetherlandsIsraelNorth AmericaUnited Arab EmiratesSouth AfricaAustriaPrecognize Financials
$2M
Total funding
Undisclosed
Capital raised
$2M
Last funding
Acquired
Funding stage
1
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
$2.0MDec 2016
Private Equity Funding
A Round
Dec 2016
$2M
Maverick Ventures IsraeI
Public Offering / Exit
MNAEvent
Jun 2018
$25M
Precognize Lifecycle
Cumulative Funding Raised Over Time
$2.0MDec 2016
All Events
A Round
Dec 2016
$2M
Maverick Ventures IsraeI
MNAEvent
Jun 2018
$25M
Precognize News
3 articles
growth-positive
Samson acquires Visual Process Ltd
Samson Aktiengesellschaft has acquired the Israeli start-up Visual Process Ltd. The acquisition allows Samson to offer its customers the predictive monitoring and diagnostic tool SAM GUARD based on Precognize. The partnership brings Samson closer to becoming the market and innovation leader for intelligent, networked valve technology in process automation.
Partners
The internet of things: industry's digital revolution
Unknown
Predictive Maintenance for the Process Industry Precognize
The article discusses a software solution for the process industry that monitors and detects quality issues, equipment failures, and deviations in operation modes and process behavior. It claims to provide up to five actionable alerts a day, reducing false alarms. The software also offers predictive maintenance, notifying of failures in advance to save money. It combines experts knowledge with machine learning for a unique monitoring solution. Implementation is said to take only two weeks, and the results point to the exact location and nature of failures.
Precognize Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 19 |
| Team members | 2 |
Similar Companies
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Precognize Internal
Recent Updates
No update log entries.
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Admin Info
| Confidence | 98/100 |
| Missing | markets |
| BI Verification | Natalia Golczar |
| Registrar ID | 514317379 |
| Crunchbase | precognize |
| Phone | 048404364 |
| Last updater | Amy Woolf |
| Updater email | amyw@sncentral.org |
| Last update | 2023-01-12T00:00:00.000Z |
| Created | 2014-10-28T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by Samson AG on Jun, 2018 |