AssetWatch (formerly known as Nikola Labs) was founded in 2014 as a wireless power company utilizing core technology from The Ohio State University, launched through Ikove Capital’s Startup Nursery. In 2017, AssetWatch was introduced to the application of condition monitoring for manufacturing equipment and leveraged its years of experience and expertise in ultra-low power electronic design to become a leader in sensor-based condition monitoring. As part of the Industrial Internet of Things (IIoT), condition monitoring of machine assets enables the prediction of machine breakdown before failure happens, proactively addressing problems and preventing unplanned downtime.
The company soon moved away from wireless power to focus solely on becoming a full solution condition monitoring provider, coupling the hardware with machine learning and a remote monitoring team of reliability experts. AssetWatch launched its first condition monitoring product in 2019. Fueled by a recent round of Series A funding, AssetWatch is continuing to invest in the rapid evolution and future of reliability and maintenance.
