Shiratech Solutions Ltd. (Shiratech-Knowtion)

www.knowtion.de/en

High-Tech Company

TECH VERTICALS

Analytics, Artificial Intelligence, Cloud, Data Science, Deep Tech, Industry 4.0, IoT, Machine Learning, Monitoring, Networking Infrastructure, Predictive Maintenance, Sensors

General Data

Sector	Semiconductors
Company Stage:	Initial Revenues
Established	2005
Number of Employees	19
Employees in Israel	19
Reg. Number:	abCDe

DESCRIPTION

ShiraTech is a world-leading specialist in AI-based predictive maintenance and condition monitoring technologies. ShiraTech combines extensive sensor-driven data monitoring with multi-layered artificial intelligence to ensure equipment operates continuously with maximum efficiency and minimal cost. The company focuses on empowering industrial experts with predictive analytics to detect and predict equipment failure, and with actionable insights that drive real-time informed decision-making.

By applying state-of-the-art AI and analytics algorithms to non-intrusive industrial sensors and machine data, customers eliminate downtime and unnecessary costs, boost production and remove the “surprise factor” from the equation.

TECHNOLOGY

COMOX™ features five high-quality sensors that enable the precise monitoring of vibrations, magnetic-field, temperature, sound and current. Using advanced AI and machine learning technology on edge this innovative solution provides real-time data about machine health, which is relayed directly to the cloud for analysis, providing insights that enable your company to plan, predict and prevent performance issues.

	TARGET MARKETS
	Industrial automation & Internet of things industries.

	BUSINESS MODEL
	B2B

COMPETITORS

Chronicled , Coretigo , Amiglobal

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
		AY Electronics
EC878340-6458-EA11-810A-0050569A1018	Subsidiary	Shiratech Solutions Ltd. (Shiratech-Knowtion)	AY Electronics

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm
abC Defghij	Accounting Firm

REMARKS

Date	Remark
30/09/2020	iCOMOX was selected by Siemens as the monitoring and information collection platform that it provides to industrial customers through the MindSphere service. Siemens started distributing the technology this month, along with the cloud analytics service.

CONTACT INFO

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Main Address: Karlsruhe, Germany

Address	Amalienbadstr. 41 Bau 52
City	Karlsruhe
Country	Germany
Zip	76227

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Tel Aviv, Israel

Address	58 Amal St.
POB	32722
City	Tel Aviv
Country	Israel
Zip	4951358

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Ohad Rog	CEO	Shiratech-Knowtion (CFO)
Mr. Thomas Kopfstedt	COO
Mr. Amir Shapira	Co-Founder
Mr. Yaniv Rod	Co-Founder

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Co-Founder, Shiratech Solutions
abC Defghij	Board Member	VP & COO, A.Y Electronics
abC Defghij	Board Member	General Partner & Portfolio Manager, SIBF

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

First Round - Extended

Jun. 14, 2021

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Led the round
abC Defghij	Other	abCDe

First Round

Mar. 11, 2021

Initial Revenues

abCDe

NIS 11m

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	NIS 5m; 02/2022: Sold half of its holdings for $1.1m (NIS 3.5) and now holds 3.4% of the company.

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 01, 2020

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Government Agency	abCDe

	Acquisitions made by Shiratech-Knowtion

Acquired Company	Sector	Date	Amount	Remarks
abC Defghij	N/A	Oct. 28, 2021	abCDe

Last Updated:	abCDe
IVC Number:	abCDe