Razor Labs

Company Overview

Snapshot

Founded in January 2016 by Raz Roditti and Michael Zolotov, Razor Labs is a public company with 11–50 employees. The company has raised $36 million across two funding rounds. In February 2021, Razor Labs completed its Initial Public Offering on the TASE, raising $36 million.

Business overview

Razor Labs develops neural networks that leverage deep learning for optimizing business processes, specializing in transforming industrial machines into smart devices. The company's flagship product, DataMind AI, is a cloud-based SaaS solution that integrates with machine sensors to identify and predict malfunctions, thereby optimizing manufacturing processes. Primarily serving the mining industry, Razor Labs provides predictive maintenance solutions that enhance operational outcomes, minimize energy consumption, and reduce waste, operating within the Industrial Technologies sector.

Strategic signal

In May 2026, Razor Labs received the Gold Globee Award for AI Innovation in Mining Fleet Reliability. This recognition highlights the company's continued leadership and impact in applying AI to critical industrial challenges, signaling strong validation of its technology and market position within the mining sector.

Company Intelligence Q&A

When did Razor Labs go public?

Razor Labs became a public company in February 2021, completing its Initial Public Offering on the Tel Aviv Stock Exchange (TASE) and raising $36 million.

What is DataMind AI?

DataMind AI is Razor Labs' flagship cloud-based SaaS product that transforms heavy industrial machinery into smart devices. It integrates with machine sensors remotely to identify and predict malfunctions, and optimize manufacturing processes.

What recent award did Razor Labs receive?

In May 2026, Razor Labs won the Gold Globee® Award for AI Innovation in Mining Fleet Reliability, recognizing its advancements in AI-powered predictive maintenance for the mining industry.

Has Razor Labs expanded its market presence recently?

In September 2025, Razor Labs announced a strategic partnership with Process Automation to accelerate AI-driven digital transformation in South African mining. Additionally, in October 2025, the company launched its Mobile Fleet AI Solution in Australia at IMARC 2025, expanding its predictive maintenance coverage in the region.

What was a significant product update for DataMind AI?

In December 2025, Razor Labs launched DataMind AI™ 4.5, which represents a major advancement in predictive maintenance and fleet management specifically for mining operations.