Razor Labs Overview
Razor Labs develops neural networks that utilize deep learning-based optimization for business processes. The company specializes in transforming industrial machines into smart devices, offering manufacturers across a wide spectrum of industries a more cost-effective method for managing their supply chains. Razor Labs’ flagship product, DataMind AI, is a cloud-based SaaS that turns heavy industrial machinery into smart devices. The product integrates with the machine’s sensors remotely, identifying and predicting malfunctions and optimizing manufacturing processes to achieve exceptional results. Specializing in the mining industry, Razor Labs offers predictive maintenance solutions that identify suboptimal asset operations, resulting in better asset and process outcomes that minimize energy use and waste.
Latest News
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a global leader in AI-driven predictive maintenance for the mining industry, today announced the Australian...
Razor Labs, a leader in AI-driven predictive maintenance for the mining industry, has introduced its Mobile Fleet Predictive Maintenance solution in Australia. This launch completes their full-suite offering for mining reliability, extending their services from fixed assets to mobile fleets like haul trucks and excavators. The solution, part of the DataMind AI™ platform, provides early fault detection and operator-behavior insights, enhancing uptime and safety. The launch will occur at the International Mining and Resources Conference (IMARC) 2025, where Razor Labs is a Lead Sponsor. The company has seen success with this solution in South America and Africa, and aims to replicate this in Australia. Razor Labs operates globally, including in South Africa, the United States, and Colombia.
Product StageExpand
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a global leader in AI-driven predictive maintenance for the mining industry, today announced the Australian...
Razor Labs, a leader in AI-driven predictive maintenance for the mining industry, has introduced its Mobile Fleet Predictive Maintenance solution to Australia. This launch completes its full-suite offering for mining reliability and will be showcased at the International Mining and Resources Conference (IMARC) 2025. The solution extends predictive maintenance capabilities to mobile assets like haul trucks and excavators, providing early fault detection and operator insights. This expansion follows successful deployments in South America and Africa, aiming to improve uptime, component life, and safety performance in mines. Razor Labs will demonstrate its full AI predictive maintenance suite at IMARC 2025, highlighting its commitment to innovation and reliability in mining operations.
Product StageExpand
growth-positive
Razor Labs Expands Predictive Maintenance Coverage in Australia with Mobile Fleet AI Solution Launch at IMARC 2025
Razor Labs, a leader in AI-driven predictive maintenance for the mining industry, has introduced its Mobile Fleet Predictive Maintenance solution to Australia. This solution is part of its DataMind AI™ platform and extends predictive maintenance capabilities to mobile assets like haul trucks and excavators. The launch will occur at the International Mining and Resources Conference (IMARC) 2025, where Razor Labs is a lead sponsor. The solution has already seen success in South America and Africa, offering early fault detection and operator insights. This expansion aims to enhance reliability, efficiency, and safety in mining operations.
Product StagePartners
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a global leader in AI-powered predictive maintenance for heavy industries, has announced a strategic partnership with...
Razor Labs, a leader in AI-powered predictive maintenance for heavy industries, has announced a strategic partnership with Process Automation (Pty) Ltd. This partnership aims to roll out Razor Labs DataMind AI™, a predictive maintenance platform, to mines and processing plants across Africa. Process Automation, with over 45 years of experience and a strong presence in Southern Africa, will serve as Razor Labs official partner and system integrator in the region. The collaboration is expected to enhance the digital transformation of mining operations in South Africa by providing AI tools that improve uptime, reduce maintenance costs, and enhance safety. This partnership marks a significant step in Razor Labs expansion strategy in Africa.
Partners
growth-positive
Razor Labs Announces Strategic Partnership with Process Automation to Accelerate AI-Driven Digital Transformation in South African Mining
Razor Labs, a leader in AI-powered predictive maintenance, has partnered with Process Automation (Pty) Ltd to expand its presence in Africa. This strategic partnership will facilitate the deployment of Razor Labs DataMind AI™, an advanced predictive maintenance platform, to mines and processing plants across the region. Process Automation, with over 45 years of experience and a strong presence in Southern Africa, will serve as Razor Labs official partner and system integrator. The collaboration aims to enhance the digital transformation of mining operations in South Africa, providing AI tools to improve uptime, reduce maintenance costs, and enhance safety. This partnership is a significant step in Razor Labs Africa expansion strategy.
Partners
| Sector | Industrial Technologies |
Funding
| Total funding | $36M |
| Last funding | $36M |
| Stage | Public |
| Rounds | 2 |
| Investors | 0 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | www.razor-labs.com |
| Careers | Careers page |
Locations
Derech Menachem Begin 150, Tel Aviv-Yafo, Israel
200 Adelaide St, Brisbane City QLD 4000, Australia
191 St Georges Terrace, Perth WA 6000, Australia
1460 Broadway, New York, NY 10036, USA
Photos & Videos
2 item(s)
Razor Labs Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Industrial TechnologiesProcess Automation & Intelligence SystemsOperational Optimization SolutionsClimate TechClean Industry Tech Eco-Efficient ManufacturingTarget Customer
Industrial ManufacturingHybrid IndustriesMiningCore Technology
Data StorageCloudArtificial IntelligenceDeep LearningMachine LearningPlatforms & InterfacesWebTags (19)
miningclimate-techartificial-intelligencebusiness-intelligenceenterprise-solutionsmachine-learningdeep-learningvideo-analyticspredictive-maintenanceoperations-optimizationproductivitydecision-makingsaascloudindustry-4.0deep-neural-networksbig-data-analyticsdecision-supportroot-cause-analysisSolutions
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Use Cases
Metals & Mining VerticalMachinery & Components VerticalGeographic Markets
EuropeAustraliaCanadaUnited StatesSouth AmericaNew ZealandRazor Labs Financials
$36M
Total funding
—
Capital raised
$36M
Last funding
Public
Funding stage
2
Total rounds
0
Investors
Non-Equity Funding
GrantEvent
May 2019
Undisclosed
BIRD Foundation
Public Offering / Exit
POEvent
Feb 2021
Undisclosed
Razor Labs Lifecycle
All Events
GrantEvent
May 2019
Undisclosed
BIRD Foundation
POEvent
Feb 2021
Undisclosed
Razor Labs News
41 articles
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a global leader in AI-driven predictive maintenance for the mining industry, today announced the Australian...
Razor Labs, a leader in AI-driven predictive maintenance for the mining industry, has introduced its Mobile Fleet Predictive Maintenance solution in Australia. This launch completes their full-suite offering for mining reliability, extending their services from fixed assets to mobile fleets like haul trucks and excavators. The solution, part of the DataMind AI™ platform, provides early fault detection and operator-behavior insights, enhancing uptime and safety. The launch will occur at the International Mining and Resources Conference (IMARC) 2025, where Razor Labs is a Lead Sponsor. The company has seen success with this solution in South America and Africa, and aims to replicate this in Australia. Razor Labs operates globally, including in South Africa, the United States, and Colombia.
Product StageExpand
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a global leader in AI-driven predictive maintenance for the mining industry, today announced the Australian...
Razor Labs, a leader in AI-driven predictive maintenance for the mining industry, has introduced its Mobile Fleet Predictive Maintenance solution to Australia. This launch completes its full-suite offering for mining reliability and will be showcased at the International Mining and Resources Conference (IMARC) 2025. The solution extends predictive maintenance capabilities to mobile assets like haul trucks and excavators, providing early fault detection and operator insights. This expansion follows successful deployments in South America and Africa, aiming to improve uptime, component life, and safety performance in mines. Razor Labs will demonstrate its full AI predictive maintenance suite at IMARC 2025, highlighting its commitment to innovation and reliability in mining operations.
Product StageExpand
growth-positive
Razor Labs Expands Predictive Maintenance Coverage in Australia with Mobile Fleet AI Solution Launch at IMARC 2025
Razor Labs, a leader in AI-driven predictive maintenance for the mining industry, has introduced its Mobile Fleet Predictive Maintenance solution to Australia. This solution is part of its DataMind AI™ platform and extends predictive maintenance capabilities to mobile assets like haul trucks and excavators. The launch will occur at the International Mining and Resources Conference (IMARC) 2025, where Razor Labs is a lead sponsor. The solution has already seen success in South America and Africa, offering early fault detection and operator insights. This expansion aims to enhance reliability, efficiency, and safety in mining operations.
Product StagePartners
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a global leader in AI-powered predictive maintenance for heavy industries, has announced a strategic partnership with...
Razor Labs, a leader in AI-powered predictive maintenance for heavy industries, has announced a strategic partnership with Process Automation (Pty) Ltd. This partnership aims to roll out Razor Labs DataMind AI™, a predictive maintenance platform, to mines and processing plants across Africa. Process Automation, with over 45 years of experience and a strong presence in Southern Africa, will serve as Razor Labs official partner and system integrator in the region. The collaboration is expected to enhance the digital transformation of mining operations in South Africa by providing AI tools that improve uptime, reduce maintenance costs, and enhance safety. This partnership marks a significant step in Razor Labs expansion strategy in Africa.
Partners
growth-positive
Razor Labs Announces Strategic Partnership with Process Automation to Accelerate AI-Driven Digital Transformation in South African Mining
Razor Labs, a leader in AI-powered predictive maintenance, has partnered with Process Automation (Pty) Ltd to expand its presence in Africa. This strategic partnership will facilitate the deployment of Razor Labs DataMind AI™, an advanced predictive maintenance platform, to mines and processing plants across the region. Process Automation, with over 45 years of experience and a strong presence in Southern Africa, will serve as Razor Labs official partner and system integrator. The collaboration aims to enhance the digital transformation of mining operations in South Africa, providing AI tools to improve uptime, reduce maintenance costs, and enhance safety. This partnership is a significant step in Razor Labs Africa expansion strategy.
Partners
growth-positive
Razor Group and Infinite Commerce Merge to Form the Leading Consolidator in the FBA Aggregator Space
Razor Group, a global consumer goods holding company, has merged with Infinite Commerce to create a leading global aggregator of online marketplace merchants. The newly combined company, headquartered in Berlin and Boston, will operate under the Razor brand. This merger aims to leverage a unified technology platform to enhance e-commerce operations, improve margins, and expand product offerings across the US, UK, and EU. The merger is expected to drive profitability and growth, with plans for further M&A activities in the FBA space. Razor CEO Max Biller will lead the company, while Infinite Commerce CEO Steve Neufer will serve as Executive Chairman.
Acquired-byAcquisition
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a leader in AI-driven predictive maintenance, proudly announces the release of DataMind AI™ Version 4.1. This major...
Razor Labs has announced the release of DataMind AI™ Version 4.1, an advanced AI-driven predictive maintenance solution tailored for mining and industrial operations. This update introduces significant innovations that enhance real-time decision-making, improve diagnostic capabilities, and streamline maintenance workflows. Key features include instant asset health insights, streamlined maintenance tracking, sharper asset prioritization, and enhanced diagnostic power. These improvements aim to optimize performance, reduce unplanned downtime, and empower maintenance teams to achieve operational excellence. The new version will be showcased at the GRX 2025 global mining event in Brisbane, Australia. Razor Labs continues to lead in mining technology, focusing on asset reliability, efficiency, and safety.
Product Stage
growth-positive
Razor Labs Launches DataMind AI™ 4.1
Razor Labs has launched DataMind AI™ Version 4.1, a significant update to its AI-driven predictive maintenance platform. This release introduces innovations that enhance real-time decision-making, diagnostic power, and maintenance workflows for mining and industrial operations. The update aims to help maintenance teams protect assets, optimize performance, and reduce downtime. Key features include instant asset health insights, streamlined maintenance tracking, sharper asset prioritization, and enhanced diagnostic power. The platforms predictive insights have already shown measurable impact in preventing equipment failures and optimizing asset performance in mining operations.
Product Stage
growth-positive
Razor Labs To Host Dedicated Webinar on AI Sensor Fusion for Predictive Maintenance in Mining in Collaboration with Austmine
Razor Labs, a leader in AI-driven predictive maintenance solutions, is hosting a webinar on March 25, 2025, to showcase how AI Sensor Fusion is transforming predictive maintenance in the mining sector. The session will be led by Michael Zolotov, CTO & Co-Founder, and Andrew Kaushal, VP Sales Australia. They will discuss real-world applications of AI technology in reducing unplanned downtime and extending asset lifespans in mining operations. The webinar aims to demonstrate the effectiveness of AI Sensor Fusion in identifying hidden issues, optimizing processing efficiency, and ensuring optimal equipment performance. Razor Labs is expanding its global reach by delivering AI-driven solutions that enhance asset reliability and operational efficiency.
growth-positive
Razor Labs Enters Subscription Agreement with SIMEC Mining Following Initial Pilot Phase
Razor Labs, a leader in AI-driven predictive maintenance solutions, has announced a new subscription agreement with SIMEC Mining, a major industrial and mining operator in South Australia. This partnership follows a successful pilot phase and will see the deployment of Razor Labs DataMind AI™ Predictive Maintenance system across SIMECs critical assets. The system aims to enhance operations by providing early warnings and actionable insights to prevent equipment failures, reduce downtime, and lower maintenance costs. The collaboration highlights SIMEC Minings commitment to innovation and safety, while Razor Labs continues to expand its influence in the mining sector.
Partners
growth-positive
/PRNewswire/ -- Razor Labs (TASE: RZR), a leader in AI-driven predictive maintenance solutions, announced today its new subscription agreement with SIMEC...
Razor Labs, a leader in AI-driven predictive maintenance solutions, has announced a new subscription agreement with SIMEC Mining, a major industrial and mining operator in South Australia. This partnership follows a promising pilot phase and involves the deployment of Razor Labs DataMind AI™ Predictive Maintenance system across SIMECs critical assets. The system aims to provide early warnings and actionable insights to prevent equipment failures, reduce unplanned downtime, and enhance safety. The collaboration highlights SIMEC Minings commitment to innovation and operational efficiency, while Razor Labs continues to expand its presence in key mining regions.
PartnersProduct Stage
growth-positive
יחד עם טרנד ה־AI: מניית רייזור לאבס זינקה בכמעט 1,000% בשנה האחרונה | כלכליסט
Razor Labs, an AI company that went public in 2021, is experiencing significant growth, with its stock price increasing by 961% over the past year. The companys order backlog as of June 30, 2024, reached 75.9 million shekels, a 1,142% increase from the previous year, and is expected to triple its revenue compared to 2023. Despite a 63% drop from its IPO price, the companys improved business results, including a 143% increase in revenue and an 818% rise in gross profit, have fueled optimism. Razor Labs focus on AI product development and strategic customer engagements have contributed to its recent success. The companys leadership remains optimistic about future growth, emphasizing the transition from a service to a product company.
Customers
growth-positive
Razor Labs Wins a Triple 2024 Mining Technology Excellence Award for R&D, Innovation, and Safety in Predictive Maintenance Space
Razor Labs, a leader in AI-driven predictive maintenance solutions, has been recognized as a triple category winner at the 2024 Mining Technology Excellence Awards. The company won in the Innovation, Safety, and Research & Development categories for its DataMind AI™ Predictive Maintenance platform. The platform uses advanced AI Sensor Fusion technology to integrate data from various sensors, providing a comprehensive view of equipment health and significantly reducing unplanned downtime and maintenance costs across numerous mining sites. The companys continuous investment in R&D has resulted in unparalleled predictive accuracy, setting a new benchmark in the industry.
CustomersExpand
growth-positive
Razor Labs Launches DataMind AI™ Version 3.1: Unleashing Next-Gen Predictive Maintenance with Cutting-Edge AI Sensor Fusion and Computer Vision
Razor Labs has announced the release of DataMind AI Version 3.1, an update to their AI-driven predictive maintenance solution. The update introduces features that enhance data accessibility, sensor fusion, and industry coverage, aiming to improve operational efficiency and reliability. The new features include enhanced integration of diverse sensor data, streamlined access to critical data, improved real-time monitoring and analysis of visual data, increased accuracy in predicting equipment failures, and broader applicability across multiple industrial sectors.
Customers
growth-positive
Razor Labs Launches DataMind AI™ Version 3.1: Unleashing Next-Gen Predictive Maintenance with Cutting-Edge AI Sensor Fusion and Computer Vision
Razor Labs has announced the release of DataMind AI™ Version 3.1, an update to its AI-driven predictive maintenance solution. The new version introduces features that enhance data accessibility, sensor fusion, and industry coverage, aiming to drive operational efficiency and reliability. The update includes AI Sensor Fusion for precise diagnostics, comprehensive data accessibility, AI-powered computer vision for real-time monitoring, proactive maintenance insights, and business insights. The update also expands the applicability of the platform across multiple industrial sectors.
Customers
growth-positive
Razor Labs Pioneers Advanced Predictive Maintenance in Automotive and Mining in New Strategic Territories
Razor Labs, an AI-driven predictive maintenance solutions provider, has announced two new customers, marking its entry into the automotive market. The company has signed a contract with a leading German automotive manufacturer to enhance production efficiency and ensure machine reliability. The DataMind AI platform will be deployed in the Foundry and Casting House of the automotive manufacturer. Razor Labs is also collaborating with a premier copper mining company in Arizona, US, to improve operational productivity and equipment reliability. The companys CEO Raz Roditti expressed his enthusiasm about the companys growth and diversification.
CustomersExpand
growth-positive
Leading Global Energy Company Chooses Razor Labs to Power Digital Transformation in the Energy Sector
Razor Labs has announced a strategic partnership with a leading global energy company, marking its entry into the global energy sector. The energy company will use Razor Labs DataMind AI predictive maintenance solution to improve operational reliability across its sites worldwide. The AI Sensor Fusion technology used by DataMind AI analyzes data from a range of sensors to predict failures and provide failure root cause analysis. The partnership is expected to drive efficiency and innovation in the energy landscape.
PartnersCustomers
growth-negative
אי הבעת אמון של המשקיעים: רייזור לאבס נכשלה בניסיון לגייס הון
The company רייזור has failed in its attempt to raise capital. The company announced that the fundraising failed after it did not receive orders in the minimum amount. The company received orders for only 7.3 million shekels, while it asked for at least 10,000 units at 780 shekels each. The companys stock fell from a rate of 820 shekels to around 680 shekels during trading yesterday. The company had sought to raise 28.8 million shekels at a share price of 7.8 shekels.
Investment
growth-positive
רייזור לאבס: הסכם עם תאגיד אנרגיה בינלאומי לרישיונות במאות אלפי דולרים
Rezoor Labs, a company specializing in the development and marketing of artificial intelligence products for the industrial sectors, has announced a contract with a multinational energy corporation. The contract involves licensing for the companys DataMind AI product and the provision of related services. The licensing is for 7 power stations for electricity production for a period of two years, with a total financial scope of about $656,000. The contract also includes potential for future expansion, with the framework agreement providing a basis for expanding communication to additional sites of the energy corporation.
Customers
Growth-Positive
Razor Labs cuts deal with global mining giant for up to $31 million | CTech
Razor Labs, an Israeli AI company, has signed a significant agreement to provide licenses for its technology to an undisclosed global mining giant for up to $31 million. Approximately $19 million of this amount is guaranteed to Razor Labs in a five-year contract, with the remainder contingent on the contracts extension. Following the announcement, Razor Labs shares on the Tel Aviv Stock Exchange soared by 304%, increasing the companys value to NIS 73 million ($19 million). The companys technology will be used across the clients 14 mining sites in Australia, South Africa, and the USA.
CustomersInvestment
growth-positive
Razor Labs Expands Global Market Presence with DataMind AI™ Deployments in South Africa and Australian Mining Sites
Razor Labs, a predictive maintenance solutions provider for the mining industry, has expanded its engagement with leading mining corporations by deploying its DataMind AI™ Predictive Maintenance platform at three mining and steel corporations in Australia and South Africa. The platform analyzes sensor data to prevent machine failures and uncover their root causes. The companys expansion demonstrates growing recognition and trust in its technology, which optimizes mining operations and drives sustainable growth. Razor Labs is publicly traded on the Tel Aviv Stock Exchange.
CustomersExpand
growth-positive
Razor Labs Secures $1.9M Order for Autonomous Conveyor Monitoring Tech
Razor Labs, a predictive maintenance group, has received a $1.9 million order for its autonomous product-monitoring solution. The solution uses CCTV-based visual inspection technology and AI image processing to detect and classify product defects during the production process. The company has proven the ability of its solutions to decrease operational costs and improve productivity and safety. In addition, Razor Labs signed a Memorandum of Understanding with an undisclosed global defense company to provide AI systems for detecting and classifying ammunition defects. The success of Razor Labs solutions has resulted in increased operational efficiency, staff safety, and decreased costs. The market shift towards increased automation and the adoption of the Industrial Internet of Things (IIOT) has contributed to the companys growth.
Customers
growth-positive
רייזור לאבס השלימה פיתוח של מערכת בדיקה מבוססת AI לזיהוי תחמושת פגומה - Techtime - חדשות אלקטרוניקה והייטק
רייזור לאבס, an Israeli AI company, has successfully completed the initial tests of an AI-based testing system that automatically detects and classifies defects in manufactured equipment. The system, developed in collaboration with a global security company, is installed on the production line and can identify and classify dozens of types of defects in real-time. The company will receive approximately $1.9 million for meeting the target. The system is based on Razor Labs AI technology and includes lighting, cameras, and computing capabilities. It has the potential to be adapted to different industries for automatic quality control. Razor Labs has also developed an AI cloud-based platform called AI DataMind, which is used to improve production processes in the mining industry. The company has recently shifted its focus from project-based to product-based and aims to expand the use of its DataMind platform in other industries.
Customers
growth-positive
Razor Labs Secures USD 1.9 Million Order for High-Speed Conveyor Monitoring Solution
Razor Labs, a predictive maintenance solutions developer, has successfully completed an initial test phase with a global defense company, ahead of schedule. The company received a USD 1.9M order to deploy its solution that detects and classifies defects during the production process. The solution uses CCTV-based visual inspection and AI image processing to monitor high-speed conveyors for defects and anomalies. The companys CEO, Raz Roditti, expressed pride in the achievement and commitment to driving innovation and growth.
CustomersInvestment
growth-positive
רייזור לאבס תספק לחברה ביטחונית גלובלית מערכת בדיקה לזיהוי תחמושת פגומה - Techtime - חדשות אלקטרוניקה והייטק
Razor Labs has signed a deal with a global security company to provide an AI-based inspection system that automatically identifies and classifies defects in ammunition on the production line. The company will supply four systems for a total of 6 million shekels. The system is capable of identifying dozens of types of defects in real-time and classifying the severity of the defect. After classifying the ammunition, the system performs automatic sorting using sophisticated mechanics, according to the type of defect identified.
Customers
growth-positive
רייזור לאבס ו-GIA פיתחו פתרון AI לדירוג יהלומים - Techtime - חדשות אלקטרוניקה והייטק
Israeli AI company Razor Labs and the Gemological Institute of America (GIA) have developed an AI-based system for predicting the shape and style of diamond cuts. The algorithm, which was developed in collaboration with GIA, shows 99% accuracy in predicting the shape and style of diamond cuts. The system is currently being tested in GIA laboratories around the world. Razor Labs, which was founded in 2016 and went public on the Tel Aviv Stock Exchange in early 2021, develops custom AI solutions for operational problems of companies and organizations, particularly in the industrial sector.
PartnersExpand
growth-positive
רייזור לאבס במזכר הבנות להקמת חברה בת עם מקורות הממשלתית
Artificial intelligence solutions company Rezoor has signed a memorandum of understanding with government water company Mekorot to predict water line bursts. This represents a low-scale investment for Mekorot, which will put up half a million shekels for 20% of the shares of the company to be established, implying a company value of 2.5 million shekels. Rezoor Labs will work on adaptations for the development of their main product, the AI DataMind, for the needs of the joint company. For this, it will invest 600,000 shekels.
PartnersInvestment
growth-positive
Razor Labs appoints Gilli Haizler as COO
Razor Labs, an artificial intelligence company specializing in smart solutions for industrial manufacturing, has appointed Adv. Gilli Haizler as Chief Operations Officer. The appointment is part of the companys plan to bring seasoned executives on board to drive business expansion and growth. Following a successful IPO, Razor Labs is investing in product development and global strategic collaborations. Haizler will lead the companys operations and establish an advanced delivery system for customers to support current and future growth. Razor Labs leverages AI to make industrial machines smart and offers manufacturers a more cost-effective method of managing their supply chains. The company has partnered with multinational corporations and aims to create breakthroughs in the AI industry.
Management ChangesExpand
growth-positive
רייזור לאבס ו-SAP ישתפו פעולה בתחום פתרונות AI בענן
Israeli artificial intelligence company Razor Labs has signed an international partnership agreement with software giant SAP. The collaboration aims to improve manufacturing processes in the mining industry by making heavy machinery smarter using Razor Labs flagship product, DataMind AI. The product analyzes real-time mechanical data from existing sensors on the machines, enabling predictive maintenance and optimizing production. As part of the partnership, SAP will provide Razor Labs with cloud-based services for integration and automation. The collaboration will offer SAP customers a comprehensive solution for production processes, efficient equipment maintenance, and advanced analytics. Razor Labs works with leading mining companies worldwide and industrial entities in Australia, Europe, and Israel.
Partners
growth-positive
"המלצנו ללקוח להזיז מכונת כרייה ב-2 מעלות - וחסכנו לו 10 מיליון דולר"
Israeli company, רייזור לאבס, has developed a platform for predictive maintenance in various industries. The CEO, רז רודיטי, explains how the platform has helped customers save money by predicting machine faults. The company was founded in 2016 and has taken an unconventional route for startups by not raising funds from external investors. Instead, they funded the company through the revenues of their software development business. Recently, they went public on the Tel Aviv Stock Exchange and plan to go public on NASDAQ in the near future. The CEO addresses criticism about the drop in stock price after the IPO.
InvestmentPublic Trading
growth-positive
Predicting electrical grid problems before it's too late
Israeli AI company Razor Labs is collaborating with Exacteron to develop mobile sensors for predictive maintenance in electrical grid networks. The collaboration aims to prevent power outages and save billions of dollars annually. The project is funded by the BIRD Foundation. Razor Labs will provide the artificial intelligence and analytics portion of the project, while Exacteron will supply the grid-sensing technology. The sensors will be placed on vehicles to detect RF signals and identify areas with persistent readings, indicating potential issues in the powerline or associated equipment. The data will be sent to the cloud for analysis using deep machine learning and neural networks. The project is expected to be completed by early 2022.
Partners
Razor Labs Becomes the First AI Company on Tel Aviv Stock Exchange After Completing its Initial Public Offering And Raising $36 Million
growth-positive
https://www.jpost.com/jpost-tech/the-new-industrial-revolution-starts-with-this-israeli-company-662000
Razor Labs, a Tel Aviv-based company, develops AI solutions to improve manufacturing processes. Their flagship product, DataMind AI, virtualizes manufacturing processes and transforms heavy industrial machinery into smart machines. The company recently completed an IPO, raising $36 million and achieving a valuation higher than NIS 500 million. Razor Labs aims to register on NASDAQ within 24 months. They are also an official professional service partner of NVIDIA. The article highlights the impact of AI in industrial manufacturing and the potential for Razor Labs technology to revolutionize the industry.
InvestmentPublic Trading
growth-positive
חברת הבינה המלאכותית רייזור לאבס גייסה 36 מיליון דולר והחלה להיסחר בבורסה
Razor Labs, an artificial intelligence company that develops solutions for industrial manufacturing processes, has successfully completed its initial public stock offering on the Tel Aviv Stock Exchange. The company raised $36 million in the offering, with its stock price increasing by over 10% on the first day of trading. The funds raised will be used to support the companys development and expansion plans, including opening branches in Japan, Germany, and the United States. Razor Labs aims to transform heavy manufacturing machines into smart machines through its cloud-based SaaS product, which utilizes machine learning and sensor technology to optimize production processes. The company has existing customers in Israel, Australia, Europe, and is targeting further growth in the global market.
InvestmentExpand
growth-positive
פוד-טק ובינה מלאכותית: המצטרפות הבאות לגל ההנפקות הראשוניות
Two more companies, FEAT Investments and Razor Labs, are joining the wave of Initial Public Offerings (IPOs) on the stock exchange. FEAT Investments, a food tech company, is planning to raise about 50 million shekels in its IPO. The company is backed by well-known names in the Israeli capital market and food industry, including Bark Capital. Razor Labs, an artificial intelligence company, is seeking to raise about 30 million dollars at a company valuation estimated at about 120 million dollars. The company is involved in the development and marketing of artificial intelligence solutions for various industrial sectors.
Public TradingInvestment
growth-positive
"Everything begins and ends with people," says Razor Labs' VP of HR
The article discusses how Razor Labs, an Artificial Intelligence company, has combatted social distancing measures during the Covid-19 pandemic. The company has been able to continue growing and recruiting despite the disruptions caused by the pandemic. They have implemented remote work efficiently and are now planning to open more global sites for recruitment and expansion. The article also mentions the positive and negative impacts of the outbreak on the companys human capital, such as increased time with family and reduced commuting time, but also the lack of daily social gatherings and interpersonal communication. Razor Labs is actively recruiting for technological and managerial positions. They have adapted their recruitment process to be mostly virtual but still include a physical office experience for the final interview. The company plans to adopt some online recruitment processes even after the pandemic is over.
CustomersExpand
growth-positive
ישראל יושבת על מכרה זהב, שבינה מלאכותית יכולה להפוך ליהלומים
The recent peace agreement between Israel and Sudan could lead to significant economic growth for both countries, particularly in the area of gold mining. Sudan is rich in natural resources, particularly gold, and has been investing in increasing its gold output. Israeli technology, particularly artificial intelligence (AI), could significantly boost this output. Razor Labs, an Israeli company that develops AI technology, has been involved in numerous technological projects in mines in the US, Australia, and other countries. The companys technology could be used to improve safety and efficiency in Sudans gold mines.
Partners
growth-positive
רייזור לאבס תפתח רשת נוירונים לחיזוי נפילות מתח - Techtime - חדשות אלקטרוניקה והייטק
Razor Labs, an AI solutions development company, is partnering with Exacter to develop an AI infrastructure for detecting component degradation and predicting power outages in electricity networks. The AI platform will analyze various data sources to diagnose the networks condition and predict potential disruptions. The companies will conduct a pilot in Akron, Ohio, with the support of the Bird Foundation. Exacter has developed an RF sensor that detects radio signals in high-voltage power lines, indicating faults or deteriorating components. The platform developed by Razor Labs will enhance Exacters technology with big data capabilities, such as weather forecasts, regional power consumption patterns, and historical data. The estimated cost of power outages in the US alone is around $110 billion per year.
Partners
growth-positive
CB Insights names 6 Israeli firms to AI 100 list
Six companies with operations in Israel, including Razor Labs and Zebra Medical Vision, are named to CB Insights AI 100 list. The list recognizes AI startups redefining industries. The companies in the cohort represent 13 countries and are working on solutions across various industries. CB Insights is a New York-based company that aggregates and analyzes big data using machine learning and algorithms.
PartnersCustomers
N/A
https://www.tdworld.com/test-and-measurement/article/20972605/us-and-israel-collaborate-for-power-grid-predictive-analytics
The article does not provide any information about the company or its activities.
growth-positive
Miners sharpen up with deep-learning Razorlabs
Razorlabs, an Israeli start-up, is helping WAs big mining companies optimize their operations using data analysis and artificial intelligence. The companys technology, called Datamind, uses neural networks to find patterns and correlations in historical data and optimize throughput. It can compress the learnings of 600 years of experience into a few days, allowing the digital agent to perform tasks that humans cannot. The technology can also optimize energy use, predict equipment failures, and has applications in various industries. Razorlabs has chosen Perth for its first office outside of Israel.
PartnersCustomers
Razor Labs Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 44 |
| Team members | 7 |
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Admin Info
| Confidence | 99/100 |
| Missing | funding rounds, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515369296 |
| Crunchbase | razor-labs |
| Phone | +97235610901 |
| Creator | Yotam Maman |
| Creator email | yotamm1988@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-02-26T00:00:00.000Z |
| Created | 2019-04-14T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Feb, 2021<br> |