🇸🇪 IPercept raises €5 million to scale its predictive AI platform for manufacturing teams

Manufacturing industries face a €1 trillion annual productivity loss due to machine downtime, inefficiencies, and quality losses. Many existing solutions require costly integration efforts, making it difficult for manufacturers to access high-quality machine data. At the same time, a growing skills shortage is leaving production and maintenance teams with fewer experienced technicians and widening knowledge gaps. IPercept’s predictive AI platform provides a seamless, non-invasive alternative, ensuring manufacturers can improve efficiency, reduce unplanned downtime, and optimize production quality – while also equipping teams with fact-based insights to simplify machine decision-making and enhance safety.

IPercept was founded after five years of research at the Royal Institute of Technology in Stockholm, developing a patented data collection and analysis method that enables manufacturers to monitor machine health without requiring complex system integrations or cybersecurity risks. Unlike traditional predictive maintenance solutions, IPercept’s predictive AI platform collects and analyzes machine data without modifying existing infrastructure, ensuring rapid deployment and actionable insights within days of implementation.

“The team at IPercept has shown exceptional vision and execution. Their predictive AI platform is set to play a crucial role in reshaping industrial machine efficiency, and we are excited to support them as they scale,” says Magnus Bergman, Founding Partner at Luminar Ventures.

Since launching commercially in 2022, IPercept has rapidly scaled, delivering its solution to over a dozen of Europe’s largest manufacturers, all while maintaining a 100% customer retention rate. Its technology is already enabling companies to enhance uptime, increase productivity, and improve product quality with minimal setup and rapid deployment. This investment will accelerate IPercept’s expansion into key European manufacturing hubs, scale customer deployments, and grow its team to meet increasing demand.

“We’re building applied AI to enable the true change-makers of industry – the people on the factory floor. Europe remains a manufacturing powerhouse, yet we continue to lose value by under utilizing the resources we already have. The AI revolution came at exactly the right time for IPercept: with our unique operational data stream and curated domain knowledge, we’re turning untapped potential into new levels of efficiency,” says Karoly Szipka, Founder & CEO of IPercept.