Stockholm-based startup IPercept, which uses AI to predict CNC machine issues without added sensors, has secured €5 million in funding led by Luminar Ventures.
- IPercept was founded in 2019 by Andreas Archenti and Karoly Szipka. The company develops an AI-powered system that helps manufacturers monitor CNC machines' health without adding new sensors.
- It connects to the machines' existing controllers and uses smart algorithms to detect signs of wear, misalignment, or other issues before they lead to breakdowns.
- The system is easy to install, compatible with any machine brand, and provides clear, actionable insights to help maintenance teams take timely action.
- According to the company, IPercept improves factory performance with 30% better efficiency, 10% savings on maintenance, and insights within 7 days. It also reduces downtime by 50%, cuts scheduled maintenance by 40%, and delivers a 10–30x ROI in just a few weeks.
Details of the deal
- The investment was led by Luminar Ventures, a Stockholm-based venture capital firm that supports seed-stage tech startups across the Nordics, with participation from RunwayFBU, Backstage Invest, AI.Fund, and J12.
"We're thrilled to be backing IPercept and Karoly Szipka whose next generation AI delivers predictive insights for any CNC machine-no integration required," Luminar Ventures' team, commented on LinkedIn.
- The €5 million funding will help IPercept scale its AI platform across Europe, expand customer deployments, add new features, and grow its team to meet increasing demand.
"We’ve already helped over a dozen leading manufacturers boost uptime, productivity, and quality - and we’re just getting started. This funding helps us deliver the features our customers need and scale across Europe’s manufacturing hubs," co-founder and CEO of IPercept, Karoly Szipka, stated.
