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.
Related Stories
UC grad’s innovative tech to manage ER wait times
June 25, 2024
When launching Teravus, a health care triage management startup, Jason Murray turned to the University of Cincinnati's Center for Entrepreneurship and the 1819 Venture Lab for guidance and funding.
Carnegie Foundation recognizes UC with Leadership for Public...
June 24, 2024
UC part of inaugural group honored for focusing on developing students as leaders
Technology provides new understanding of voice, swallowing...
June 21, 2024
University of Cincinnati laryngology researchers are using high-speed camera technology to learn more about the physiology of voice and swallowing and improve patient outcomes.