Semiotic Labs has announced a new infusion of funds and a new name. The AI-driven predictive-analytics provider, which will now be known as Samotics, has just closed a five-million-euro funding round, bolstered by high confidence in its business strategy and growth targets. In the last year alone, the company has entered into global strategic partnerships, vastly expanded its international customer base and more than doubled the size of its team. With this new investment, Samotics plans to accelerate its expansion in the American market, expedite the rollout of new features and further its technological innovation in predictive maintenance.
“Samotics is working toward a future where zero percent unplanned downtime will be the new norm for organizations worldwide. We’re passionate about helping customers achieve their goals and strive to become the leading provider in predictive maintenance globally,” says Samotics CEO Jasper Hoogeweegen. “Samotics’ new brand identity and recent investment provide a solid foundation for this. Our plans for 2021 are focused on empowering more customers across more industries with best-in-class smart asset monitoring and analytics.”