Start pilot in water industry to accelerate AI development, application welcomed in different markets global scope. H2020 Phase II project predefined.
predictive-sigma is the industrial, predictive-maintenance platform based exclusively in electrical analysis development for Sigma Industrial Precision, a start-up based in Barcelona area and funded by a group of technical and business experienced entrepreneurs in summer 2017. On November 2019, the company achieves H2020 SME instruments phase I during the validation process of the platform in several markets and customers. At that moment, the company was looking to determine the priorities to accelerate its platform development for the forthcoming years.
During the 4 months H2020 SME instruments period, the company achieves to confirm the interest on predictive-sigma’s value proposition in several industrial segment and countries, highlighting the water segment (water treatment and distribution plants). This water segment interest confirmation results to focus Sigma’s development plans for 2020 to the water segment by launching his first AI guided tools for predictive maintenance for water pumps prior to other AI developments. In parallel, Sigma Industrial Precision modifies predictive-sigma pricing and business model finding a good mix regarding service offering and price structure.
On this period the company achieves to close sales in three water facilities starting to collect electrical data from several water pumps, the company also closes his first collaboration with an industrial distributor in Mexico and starts to close a similar contract with a Colombian partner.
The potential for predictive-sigma seems huge and the company needs to accelerate the platform development to escalate, that represents to accelerate the entrance of new investors. The company closes his first investing round on March 2020. Sigma Industrial Precision also defines the topic for H2020 phase II project: Smart Electric Predictive Protection System.
