SKF Acquires Industrial Artificial Intelligence Company
SKF has acquired Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based software for improving machine performance. Presenso’s AI capability enables production plants to find and act on anomalies that were previously undetectable, automatically and without the need to employ additional data scientists. Presenso’s solution is used by industrial plants to increase production output and revenue by reducing the incidence of unplanned asset downtime.
Presenso, located in Haifa, Israel, built its solution based on innovations in the field of Automated Machine Learning or AutoML. AutoML accelerates the rate of AI deployment, enabling plants to scale industrial analytics across a large asset base.
The company’s existing clients include leading industrial manufacturers in Europe and the Americas
Victoria Van Camp, CTO and President, Innovation and Business Development in SKF, says: “SKF is all about reliable rotation, technology leadership and solving real world challenges. Today, we are welcoming a team of world-class AI developers, with a production ready analytics solution into SKF. Together we will change the way industry looks at reliability and make AI an integrated part of production.”
Eitan Vesely, CEO of Presenso, stated that “We are excited to become part of the SKF family and combine SKF’s rotating equipment performance services and Presenso’s industrial analytics solution. We believe that the hybrid of traditional condition monitoring and AI offers industrial plants the best option for deploying Maintenance 4.0.”
CTO Deddy Lavid (Ben Lulu), Presenso’s CTO will continue to lead Presenso’s R&D center in Haifa. Mr. Lavid adds:
“We focused our engineering efforts on replacing labor intensive data analytics tasks with advanced Machine Learning algorithms that perform these tasks automatically. As part of SKF, our goal is to build upon this success and broaden the commercial application of industrial analytics solutions.”