Predictive maintenance companies

AssetWatch

Condition monitoring service combining vibration sensors, software and remote reliability analysts for manufacturing equipment.

Headquarters

Dublin, United States

Founded

2014

Ownership

Private

Latest deal

Series C, $75 million

Apr 30, 2025

Is AssetWatch a public company?

No. AssetWatch is privately funded. It announced a $75 million Series C in April 2025, and no stock listing was found.

Source: AssetWatch press release, Apr 30, 2025

What AssetWatch does

AssetWatch sells condition monitoring for industrial equipment. It describes its service as combining vibration analysis, oil analysis and AI to help plants find equipment problems early and avoid unplanned downtime. It monitors assets such as pumps, motors, gearboxes and compressors.

For continuous monitoring, AssetWatch says wireless sensors stream vibration data around the clock. It says its in-house Reliability Technicians install the sensors, with setup possible in as little as 1-2 days.

For lower-priority equipment, plants can use route-based collection. AssetWatch says its technicians run the first routes, after which anyone can run a route using a mobile app. A Condition Monitoring Engineer reviews the data and sends alerts with next steps when an issue is detected.

The company was founded in 2014 as Nikola Labs and changed its name to AssetWatch in January 2023. In April 2025 it announced a $75 million Series C round led by Viking Global Investors.

Products

Continuous Vibration Monitoring

AssetWatch says wireless sensors stream vibration data around the clock from critical rotating equipment so developing faults can be caught early.

Route-Based Vibration Monitoring (AssetWatch Collect)

Maintenance staff collect vibration readings on a set route using a mobile app and sensor test kits, and a Condition Monitoring Engineer reviews the data.

Oil Analysis

AssetWatch says it monitors lubricant condition and wear debris to find internal wear in gearboxes, compressors and hydraulic systems.

Integrations

Connects AssetWatch data to a plant's existing CMMS, ERP or data systems.

Funding and ownership history

DateEventAmountValuationSource
Apr 30, 2025Series C. Led by Viking Global Investors$75 millionNot disclosedAssetWatch press release
Aug 7, 2024Investment from Oxygea Ventures (Series B)$1.9 millionNot disclosedAssetWatch press release
May 15, 2024Series B. Led by Wellington Management$38 millionNot disclosedAssetWatch press release

Valuations marked "press report" come from the named outlet, not from AssetWatch.

Where AssetWatch is deployed

All deployments · Only projects with a named customer and a public source are listed.

AssetWatch in the digest

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Terms to know

Condition monitoring · Vibration analysis · Predictive maintenance

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