Fintech PR
Nanoprecise Closes US$38M Series C
Nanoprecise Secures US:38 million in Series C funding in a combined equity & debt round to make industrial maintenance smarter, faster, and more predictable
EDMONTON, AB, March 27, 2025 /PRNewswire/ — Nanoprecise Sci Corp is breaking the reactive cycle that has been a fixture of industrial maintenance for too long. On the heels of triple-digit growth in 2024, Nanoprecise is moving boldly to scale its world leading Energy-Centered Maintenance (ECM) approach and enhance its AI-driven diagnostics that deliver actionable explanations, rather than just alert notifications.
The oversubscribed equity financing led by Yaletown Partners and co-led by BDC’s Industrial Innovation Venture Fund , with participation from Export Development Canada (EDC), BMO Capital Partners, alongside a Credit facility from CIBC Innovation Banking, provides Nanoprecise the resources to rapidly expand its market presence and accelerate its strategic initiatives.
“Predictive maintenance is no longer a ‘nice-to-have’ – it’s a strategic necessity for industrial resilience and efficiency,” commented Hans Knapp, Partner and Co-founder at Yaletown Partners. “Nanoprecise is not just talking about efficiency to the customers but is also displaying the same discipline in its finances, as it has achieved maximum revenue per dollar of investor funds raised in its class. We are excited to support their mission to scale Energy-Centered Maintenance globally.“
“As industries accelerate their digital transformation journey, Nanoprecise delivers a scalable, high- impact solution that simultaneously drives operational reliability and sustainability outcomes. BDC Capital is proud to co-lead this investment in a company that perfectly aligns with our mission to support the next generation of global Canadian technology leaders,” said Erin Sheets, Partner at BDC’s Industrial Innovation Venture Fund. “Nanoprecise’s strength lies in their diverse approach – both in terms of the global markets they serve and their team composition. This diversity, combined with their innovative use of LLM models to generate synthetic data, positions them to outperform much larger competitors in both accuracy of insights and cost-effectiveness of their solution.”
Smarter Maintenance, Fewer Surprises
Most predictive maintenance programs count saving downtime as the only major ROI, which is true for roughly 10 to 20% of production critical machinery. However, 80 to 90% of the rotating equipment in any process industry has some form of redundancy, so solely saving downtime does not capture full value. On the remaining 80% of a plant’s equipment, Nanoprecise’s trademarked ECM approach provides maintenance insights alongside energy consumption patterns which, if acted upon, provide energy savings that justify using ECM not just for saving downtime on critical machinery, but also on the “balance of plant” equipment.
Nanoprecise changes the game with AI-driven diagnostics that go beyond detection, to deliver clear, actionable, value-oriented insights. Some of the key differentiating features are fewer false alarms, with less than 1% false positives and negatives, prescriptive value-driven insights and energy efficiency trends. Nanoprecise’s solution is uniquely built for tough environments, with certifications such as Zone 0 and C1D1 requirements, all while being cybersecure by design (SOC II Type II certified).
“Catching failures before they happen is important, but today, that’s just step one,” said Sunil Vedula, CEO of Nanoprecise. With this investment, we’re taking maintenance from a game of guesswork to a strategic advantage. Machines won’t just tell you something’s wrong; they’ll give you the full picture – what’s happening, why it matters, and exactly what to do next. Our vision? To make maintenance teams the most informed, proactive decision-makers in the room.“
Scaling Innovation with New Leadership
To support its rapid growth, Nanoprecise has recently expanded its leadership team to scale its vision globally:
- Param Desai joins as Chief Product Officer (CPO), driving AI-powered product innovation.
- Kevin Clark joins as Chief Evangelist, helping industries embrace ECM.
About Nanoprecise Sci Corp
Nanoprecise Sci Corp is an AI-powered energy centered predictive maintenance solution combining IoT sensor technology with artificial intelligence and machine learning to improve efficiency of machines and contribute to sustainability. For more information, please visit nanoprecise.io
About Yaletown Partners
Yaletown Partners is a leading Canadian venture capital fund manager that invests in the technologies digitally transforming traditional industries by prioritizing climate-resilient growth. Backed by leading institutional investors, including pension funds, and a network of successful technology entrepreneurs, Yaletown has offices in Vancouver, Calgary, Edmonton, Toronto, Montréal, and San Francisco. For more information, please visit https://www.yaletown.com/.
About BDC: 80 years as Canada’s bank for entrepreneurs
BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the most innovative firms. BDC’s development role means we are in a state of perpetual evolution – wherever entrepreneurs go and whatever the Canadian economy needs – we will be there to help them defy the odds. 80 years later, that commitment remains very much alive. The financial value of BDC’s services is estimated to add $23.6 billion in GDP to Canada’s economy over the next five years. We are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers and the first financial institution in Canada to receive the B Corp certification in 2013. For more information on our products and services and to consult free tools, templates and articles, visit bdc.ca or join BDC on social media.
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View original content:https://www.prnewswire.co.uk/news-releases/nanoprecise-closes-us38m-series-c-302413186.html
Fintech PR
ANDURAND CAPITAL CEASES TO RELY ON ALTERNATIVE MONTHLY REPORTING SYSTEM; URGES SPROTT TO FIX SPROTT COPPER VEHICLE
The Units of Sprott Physical Copper Trust Trade at a Significant Discount to the Net Asset Value Per Unit with Inadequate Liquidity
Andurand Capital Ceases To Rely on the Alternative Monthly Reporting System in Respect of Sprott Physical Copper Trust
ST. JULIENS, Malta, April 4, 2025 /PRNewswire/ —
- Andurand Capital Management Ltd (“ACML“) believes that certain amendments to the Amended and Restated Trust Agreement of the Issuer, in particular to expand the restrictive redemption feature of the units of the Issuer (“Units”) consistent with the redemption features of other physical metals trusts managed by Sprott Asset Management LP, will help facilitate alignment between the price of the Units and the market price of physical copper.
- ACML believes that this will assist in addressing the underperformance of the Units, which trade at a significant discount to the net asset value per Unit and physical copper prices: as of market close on March 31, 2025, the price of each Unit traded at an average discount of ~18% to the net asset value per Unit over the preceding 30 trading days.
- The inception-to-date average traded value of the Units is <$200,000 per day, demonstrating the illiquidity of the Units for early investors.
MORE INFORMATION:
ACML, in its capacity as discretionary investment manager for Andurand Climate and Energy Transition Master Fund (the “Fund“), announces that it has elected to voluntarily cease filing reports under the Alternative Monthly Reporting System (“AMR System“) under Part 4 of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103“) in respect of Sprott Physical Copper Trust (the “Issuer“).
Immediately before and immediately after ACML elected to voluntarily cease filing reports under the AMR System on the date hereof, ACML, on behalf and for the sole benefit of the Fund, exercised control and direction over an aggregate 1,811,957 Units, representing approximately 16.4% of the issued and outstanding Units.
The Units described herein were acquired and partly redeemed in the ordinary course of business for the Fund’s investment purposes only and not for the purpose of exercising control or direction over the Issuer. ACML, on behalf and for the sole benefit of the Fund, may further purchase, hold, vote, trade, dispose or otherwise deal in Units or other securities of the Issuer in such manner as it deems advisable, including, without limitation, in order to benefit from changes in market prices of the Units, publicly disclosed changes in the operations of the Issuer, its business strategy or prospects, or from a sale or merger of the Issuer.
ACML may in the future determine to take any available course of action to address the foregoing concern or otherwise, which could involve one or more of the types of transactions or matters, or have one or more of the results, referred to in clauses (a) through (k) of item 5 of the report that ACML, on behalf of the Fund, will shortly file on Form 62-103F2 – Required Disclosure by an Eligible Institutional Investor under Section 4.3 in connection with this press release and in accordance with applicable securities laws (the “Report“), including requisitioning a meeting of unitholders of the Issuer, engaging with unitholders of the Issuer and soliciting proxies, or otherwise.
ACML’s registered office is located at The Hedge Business Centre, Level 5, Ir-Rampa ta’ San Giljan, Balluta Bay, St. Julian’s STJ 1062, Malta.
For further information or to receive a copy of the Report, please see the Issuer’s profile on SEDAR+ at www.sedarplus.ca, or contact ACML by phone at +356 2092 7400, Hakon Haugnes, or by email at contact@andurandcapital.com.
View original content:https://www.prnewswire.co.uk/news-releases/andurand-capital-ceases-to-rely-on-alternative-monthly-reporting-system-urges-sprott-to-fix-sprott-copper-vehicle-302421017.html
The April editions feature interviews with leading executives from PepsiCo, BMW Group, DP World, Exotec, Royal Mail, Coupa Software and more, offering insights into supply chain innovation, procurement transformation, and global logistics strategies.
LONDON, April 4, 2025 /PRNewswire/ — BizClik, the UK’s fastest-growing B2B digital media and publishing company, has released the April 2025 editions of Supply Chain Digital and Procurement Magazine. These titles remain essential reading for professionals across the global supply chain, logistics, and procurement industries, offering forward-looking features, in-depth interviews, and exclusive event coverage.
This edition’s lead interview features Rashid Abdulla, CEO for Europe at DP World, who shares how the company is driving supply chain transformation across the continent.
Other highlights include:
- Lauren Hymen, PepsiCo – On how digital transformation is empowering procurement
- Milan Nedeljkovic, BMW Group – Exploring the impact of Industry 4.0 on manufacturing
- Charles Hou, J&T Express Middle East – On revolutionising last-mile delivery
- Romain Moulin & Arthur Bellamy, Exotec – Discussing robotics, AI, and future-ready automation
- Mary Rollman, KPMG US – Analysing nearshoring strategies to navigate trade uncertainty
- Pierre-Yves Dermagne – On entering a new era of supplier diversity and compliance
- Top 10 Supply Chain Leaders – Featuring standout figures including Carol B. Tomé at UPS
- People Moves – Updates on Fernando Fernandez, Torsten Pilz, Gavin Chappell, and Adam Jones
This issue also includes highlights from Procurement & Supply Chain LIVE: Sustainability and previews of the upcoming shows in Chicago and London.
The April edition features a cover story with Lauren Hymen of PepsiCo, who shares how the company is leveraging digital tools to drive innovation and meet its sustainability goals.
Key content includes:
- Stuart Farrell & Natalia Merkulova, AllPoints Fibre Networks – On aligning procurement and finance for value creation
- Joao Paulo da Silva, Coupa Software – On leading digital transformation initiatives
- Ernest Rolfson, Finexio – Executive perspective on payment innovation
- Kristian O’Meara, JAGGAER – Exploring AI’s impact on supply chain visibility
- Top 10 Influential CPOs – Including Heather Ostis, Thomas Udesen, Amanda Davies, and more
- People Moves – Career updates from David Khuat-Duy, Franck Lheureux, James Jones and Willem Uijen
- Supplier Diversity – Insights from Kelly Grainger, Felizitas Lichtenberg and Rebecca Simpson
- Blockchain – Expert commentary from Scott Zoldi at FICO and Cristiano Ventricelli at Moody’s Ratings
Also featured: Highlights from Procurement & Supply Chain LIVE: Sustainability, and what to expect at upcoming events in Dubai and Chicago.
About BizClik
BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit https://www.bizclikmedia.com/
View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-april-editions-of-supply-chain-digital-and-procurement-magazine-302420939.html
The April edition of FinTech Magazine features exclusive interviews and insights from leaders at BBVA, Abzena, Mollie, Yuno, Chainalysis, Ecommpay, and more—exploring innovation across AI, blockchain, open banking, and financial regulation.
LONDON, April 4, 2025 /PRNewswire/ — BizClik, the UK’s fastest-growing digital media and publishing company, has released the April 2025 edition of FinTech Magazine. Known for its executive-led content and deep dives into industry transformation, the publication continues to be a trusted voice across the global financial services and technology sectors.
FinTech Magazine – April 2025 Edition
This month’s edition highlights how financial institutions and fintech companies are leveraging cutting-edge technology to redefine the future of finance.
Cover Feature: BBVA in Switzerland
COO Francisco Javier Arranz and CFO Eva Blaya outline how the bank is leading digital innovation through AI, blockchain, and strategic transformation.
“The CFO is no longer just the guardian of financial performance but a key driver of digital transformation.” – Eva Blaya, CFO, BBVA in Switzerland
Abzena – CIO David Williamson discusses data-led biotech finance strategies and the power of predictive analytics in innovation
Ecommpay – CRO Moshe Winegarten explains how APIs are changing banking decisions
Mollie & Yuno – Executives Dave Smallwood and Carol Grunberg explore regulatory complexity in a multi-jurisdictional world
Chainalysis – CEO Jonathan Levin details how the company is setting global standards for crypto investigations
Risk Management & Predictive Analytics – AI-led financial modelling insights from:
- Gunnar Már Gunnarsson, PAYSTRAX
- Mark Dearman, FintechOS
- Alan Jacobson, Alteryx
Cloud in Financial Services – Leaders from IBM, Capgemini, GFT Technologies, Persistent Systems, Red Hat, Protegrity, and SaaScada unpack trends in compliance, sovereignty, and scalability
Top 10 Women in FinTech – A spotlight on the standout leaders shaping the future of finance, taken from the 2025 Top 100 Women in FinTech ranking
Explore the April edition for more on AI, open banking, digital risk management, cloud innovation, and the people leading the transformation of global financial services.
About BizClik
BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit our website.
View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-april-edition-of-fintech-magazine-302420928.html
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