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techmass.io

Founded Year

2017

Stage

Corporate Majority | Acquired

Total Raised

$20K

About TechMass

TechMass aims to improve manufacturing industries and to help them improve performance and increase productivity. It gathers machines and production floor information using an industrial IoT performance tracker, applies reliability engineering principles and algorithms to identify and prioritize losses, and uses ML to obtain predictive maintenance. It uses mobile and web applications to deploy pragmatic, effective, and ready to action manufacturing approaches.

TechMass Headquarter Location

Viale XI February 1 / B,

Bassano del Grappa, 36061,

Italy

+39 392590 6299

ESPs containing TechMass

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Advanced Manufacturing

Companies in this market use AI and machine learning to streamline production processes, eliminate bottlenecks before they occur, monitor plant conditions, and prevent failures of physical assets like pipes, valves, and pumps. Many companies offer integration with equipment manufacturers and industrial data software firms.

TechMass named as Challenger among 11 other companies, including SparkCognition, Uptake, and Seeq.

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Expert Collections containing TechMass

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TechMass is included in 2 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

8,718 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

A

Advanced Manufacturing

3,329 items

Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.

Latest TechMass News

Italy’s angels & incubators weekly roundup. News from the Italian Budget Law 2019, Progress Tech Transfer Fund, FoodTech Accelerator, MyVisto, TechMass

Jan 30, 2019

Italy’s angels & incubators weekly roundup. News from the Italian Budget Law 2019, Progress Tech Transfer Fund, FoodTech Accelerator, MyVisto, TechMass The Italian ecosystem for startups and digital innovation is energetic and may improve further its performance as Italian equity crowdfunding platforms may gain favour out of Italian budget law for 2019 that will allow SMEs to launch debt instruments campaigns for professional investors (see here a previous post by BeBeez ). This news arrives on top of a decision by Consob, the Italian stock market regulator, that last November raised from 5 to 8 million of euros the value for the public offers of financial products that don’t need to publish a prospectus. The European Investment Fund and Cassa Depositi e Prestiti  invested in the new Progress Tech Transfer Fund 40 million of euros of their ITATech platform that has resources amounting to 200 million euros (see here a previous post by BeBeez ). The fund aims at raising a further 10 million with a target yield of 2x the invested capital. Andrea Marcello, EIF investment manager, said that Intesa Sanpaolo could also become a subscriber. The fund for which MITO Technology acts as the advisor is managed by Francesco De Michelis (ceo of MITO Technology), Andrea Basso (former cto of MITO Technology), Michele Costabile (Teacher at Rome’s LUISS), Massimiliano Granieri (vice president and co-founder of MITO Technology). De Michelis said that the fund will focus on PoC (proof of concept) technology. ITAtech also invested in Vertis Venture 3 Technology Transfer; the biotech fund that Sofinnova and Telethon launched; and Poli360. FoodTech Accelerator shortlisted Italy’s ReOlì, Petzamore and FeatFood; Israelian Wasteless and Inspecto; and US Rise and Planetarians  for its startup acceleration program (see here a previous post by BeBeez ). FoodTech Accelerator coordinators are Deloitte, Amadori, Cereal Docks, Finiper, Innogest, Digital Magics, Seeds&Chips, Federalimentare Giovani, and Campari Group. The shortlisted startups will work for 15 weeks with the accelerators’ partners and their mentor and will receive cash for 20k US Dollars and services worth 50k US Dollars in exchange of a 6% stake in the business, and the possibility to receive investments worth up to one million of euros. The startups will present their projects to potential investors in May during the event DemoDay in Milan. ReOlì, based in Calabry town Corigliano Calabro, produces spreadable vegan olive and sunflower oil. Marco Almerigogna founded Petzamore, an on-demand petfood producer. Andrea Lippolis founded FeatFood in 2016, a producer of healthy food for athletes. Wasteless technology dynamically prices food in relation to its expiry date. Inspecto developed a portable scanner for analysing the eventual contamination of vegetables. Rise recycles the waste of barley from the production process of beers and makes flour with it. Planetarians aims to use 100% of sunflowers seeds for the production of flour. Myvisto, the marketplace where brands liaise with videomakers, raised 500k euros from Club degli Investitori  (see here a previous post by BeBeez ). Italian actor Luca Argentero and Paolo Tenna founded the company and appointed Giovanni Burzio, an associate to Club degli Investitori, as “champion” for Myvisto. Giancarlo Rocchietti heads Club degli Investitori. TechMass, a startup that provides digital tools for monitoring and optimizing the production process of manufacturing companies with the so-called Lean thinking approach, sold a 30% stake to auxiell and Gellify through a capital increase (see here a previous post by BeBeez ). H-Farm exercised a call option for a 3% of TechMass. Gellify connects software digital startups with traditional companies. Auxiell is a consultancy firm active in the lean transformation field. Andrea Massenz founded TechMass and will invest the proceeds of this transaction in developing the company’s team and organic business, as well as in R&D. A report of Arnaldo Camuffo, vice director of Bocconi University Invernizzi center for research on innovation, organization, strategy and entrepreneurship (Icrios), for Osservatorio Lean Thinking Icrios Bocconi says that the implementation of lean thinking may increase ROI by up to 3% and improve by 3.6% the net debt\ebitda ratio. Banco Bpm, auxiell, Assolombarda, and Club dei 15 (the lean thinking project of Confindustria, the Italian association of entrepreneurs) supported this report.

  • When was TechMass founded?

    TechMass was founded in 2017.

  • Where is TechMass's headquarters?

    TechMass's headquarters is located at Viale XI February 1 / B,, Bassano del Grappa.

  • What is TechMass's latest funding round?

    TechMass's latest funding round is Corporate Majority.

  • How much did TechMass raise?

    TechMass raised a total of $20K.

  • Who are the investors of TechMass?

    Investors of TechMass include TeamSystem, Investors' Circle, Gellify and H-FARM.

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