Siemens Enters Strategic Partnership With Israeli Predictive Maintenance Startup Presenso

German conglomerate Siemens AG has entered a strategic partnership with Haifa-based predictive maintenance startup Presenso (listed as DeepSense Ltd.), the latter announced Wednesday. Under the agreement, Presenso’s real-time industrial analysis technology will be integrated into Siemens’ own tools for remote diagnostics, to support Siemens' operations and maintenance services. Presenso’s technology is being deployed in Siemens’ power plants and oil and gas facilities worldwide, the company said.

Founded in 2015, Presenso develops predictive machine learning algorithms designed to anticipate industrial machine failures. The company has raised $2 million in equity, according to Pitchbook data.