LEANworx

LEANworx

Provider of IoT-based machine monitoring systems

Founded

2008

Headquarters

Bengaluru (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91-9945515236

LEANworx is a technology company specializing in machine monitoring systems designed to enhance operational efficiency in manufacturing environments. Here’s a comprehensive overview of the company:

Mission and Vision

LEANworx aims to empower manufacturing plants by providing real-time data from machines, enabling decision-makers to optimize machine capacity utilization and improve profitability. The company's vision is to facilitate smart manufacturing through affordable and user-friendly solutions.

Key Products and Services

  1. Machine Monitoring System:

    • LEANworx offers an Industry 4.0-based machine monitoring system that provides 24/7 visibility into shop floor operations.

    • The system tracks machine activities and reports data in real-time, accessible via mobile devices, tablets, or PCs.

  2. AI and IoT Integration:

    • The platform uses AI and IoT technologies to deliver predictive diagnostics, helping manufacturers reduce downtime and enhance overall equipment effectiveness (OEE).

    • It integrates seamlessly with existing ERP systems for streamlined operations.

  3. Cost Efficiency:

    • LEANworx promotes a cost-effective model where users can monitor machines at the cost of a cup of coffee per day per machine.

Benefits of Using LEANworx

  • Increased Efficiency: Users report improvements in efficiency ranging from 8% to 15% and reductions in machine downtime by up to 30%.

  • Real-Time Insights: The system provides actionable insights that help manufacturers make informed decisions quickly.

  • Scalability: Designed for flexibility, the solution can accommodate various manufacturing setups, whether for small or large operations.

Target Audience

LEANworx caters primarily to small and medium-sized enterprises (SMEs) in the manufacturing sector, including industries such as automotive, aerospace, electronics, and more.

Recognition and Awards

LEANworx received the FIE Foundation award at IMTEX 2018 for being the most innovative product, which underscores its impact on the machine monitoring landscape within a short time since its inception.

Conclusion

LEANworx stands out as a significant player in the industrial technology sector by providing advanced machine monitoring solutions that help manufacturers improve efficiency and profitability. With its focus on real-time data accessibility and user-friendly interfaces, LEANworx is well-positioned to support the transition towards smarter manufacturing practices.

Key People

Srihari D

Bhagavan S K

Dasarathi G V

Key Metrics

Total Equity Funding

$1.08 million

No. of Funding Rounds

4

Latest Funding Round

$971.0K, Seed

as of December 24, 2024

Post Money Valuation

$2.69 million

as of N/A

Funding Multiple

0.553

as of N/A

Investors

YourNest

Employee Count

23

Similar Companies

JSW One MSME

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 24, 2024Seed$971.0K---YourNest
March 8, 2022Angel$71.3K$2.7Million$249.0K10.6x-
December 30, 2020AngelUndisclosed-$207.0K--
October 11, 2019Angel$39.5K$1.6Million$174.0K8.9x-

Recent News