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£70,000 Bridging the Gap Recipient - September 2014

Solent LEP invested £70,000 to support Senseye to lead the Industrial Internet of Things revolution by delivering a groundbreaking way to predict machine failure, enabling manufacturers to benefit from their existing data and new connected devices to automate predictive maintenance. The Company has created 9 new jobs, undertaken an initial seed investment round and developed the only product to offer easy-to-use automatic condition monitoring and prognostics at scale, without requiring deep pockets or a team of expert data analysts. Senseye enables predictive maintenance, the key to reducing unplanned machine downtime and increasing Overall Equipment Effectiveness (OEE) boosting the productivity of UK firms.