PipePredict, a startup from our 2020 SpinLab class and a portfolio company of Smart Infrastructure Ventures, has officially merged with Preventio to redefine the future of pipeline monitoring.
By merging Preventio's sensorless technology with PipePredict's digital twin solutions, not only real estate and insurance companies benefit from advanced predictive maintenance solutions. Above all, it offers city and water utilities decisive advantages in the monitoring and maintenance of their networks.
But industrial companies and industrial parks can also benefit significantly from the solution: The rapid detection and precise localization of damage can enable cost savings of up to 60%, minimize downtime, and prevent the loss of resources such as water and energy.
"This merger marks a significant moment in our industry," said Andreas Bechmann, Founder and CEO of Preventio. "Together, we will be able to offer complementary services to our customers and transform the way pipeline damage is detected and prevented."
With the combined entity, customers can expect a holistic approach to pipeline system prevention and maintenance. Valerie Fehst, founder of PipePredict and newly appointed Co-Managing Director of Preventio, also expressed her excitement about the merger, "This is a great opportunity for both companies to combine our technologies and offer one solution. We look forward to joining our strengths and helping our customers experience network reliability at a new level."
PipePredict shows the effectiveness of the SpinLab ecosystem, having been part of our SpinLab class and establishing connections that led to an investment from Smart Infrastructure Ventures. The merger has received strong backing from current investors, including Futury Capital, BMH, Übermorgen Ventures, and seasoned business angels, all of whom firmly believe in the merger's potential and have pledged to contribute additional funding.