Business Courier: UC tech spinoff gets $3M investment
Cincinnati-based Predictronics, a company started by UC engineering graduates, will improve production for a motorcycle manufacturer
A high-tech company started by University of Cincinnati graduates struck a $3.2 million agreement with Singapore motorcycle-maker TVS Motor to use predictive analytics to improve the company's equipment maintenance, according to The Cincinnati Business Courier.
Predictronics, which launched in 2013, was inspired by work in UC engineering professor Jay Lee's lab and its associated National Science Foundation-funded Center for Intelligent Maintenance Systems.
Predictronics works with companies to help them predict when machines will require maintenance, preventing inopportune downtime from critical failures.
"We're really pushing our name and product out there to get better visibility for our company," Predictronics chief financial officer Patrick Brown told the Business Courier.
The company was created by Brown, Edzel Lapira and David Siegel while they were students at UC.
Brown told the Business Courier the company of 12 people plans to do more hiring in the next year.
UC graduate Edzel Lapira talks about his company's work in predictive analytics as CEO of Predictronics. Photo/Andrew Higley/UC Creative Services
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