Founded in 2022, Novity, Inc. is a spin-out from Xerox PARC, drawing on its decades of breakthrough innovation in AI, prognostics and health management, and the Internet of Things (IOT). The Novity TruPrognostics AI provides industrial manufacturers peace of mind and exceptional accuracy in predicting the health of their plant assets and equipment.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/21/24 | $7,800,000 |
METAWATER Myriad Venture Partners WERU Investment  | undisclosed |
