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Praemo Inc. offers AI and machine learning analytics that help manufacturers improve productivity and reduce downtime.
Founded in 2017 in Kitchener, Canada, Praemo Inc. develops an analytics platform for manufacturers, using artificial intelligence and machine learning to cut downtime and improve efficiency. Its customers are mid-sized and large manufacturers in automotive, aerospace and consumer goods, mainly in North America and Europe. Revenue comes from annual subscription contracts with tiered pricing. On June 14, 2023, the company raised CAD 4.5 mn in a Series A led by McRock Capital. Stream Systems Ltd acquired Praemo the same month, though financial terms were not disclosed.
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