Industrial IoT Startup DeepSense Raises $2M

June 14, 2016 | Israeli startup DeepSense (formerly known as SmartLogic) has completed a $2 million financing round. The company specializes in long term prediction of industrial machine failure, to minimize downtime. The round was led by AfterDox, an active angels fund in the Israeli market, with JANVEST Capital Partners and SeedIL, and follows a Chief Scientist grant to the company earlier this year. DeepSense, employs eight engineers and is located in the Matam industrial park in Haifa. The company was founded in October 2015 by David Lavid (CTO), Eitan Vesely (CEO) and Dr. David Almagor (chairman). The company graduated from the Microsoft Accelerator program as well as the Technion – Israel Institute of Technology’s accelerator BizTec.