Feelit Technologies, a company from Israel that makes AI-based sensing tools for factories and industrial work, has raised $8.3 million in a Series A+ funding round. The round was led by Alea Capital Partners, with existing investors Henkel Ventures and Takwin also taking part.
Feelit will use the new funding to grow its presence in Europe, the Middle East, and the United States.
The company also plans to strengthen partnerships with big manufacturers and expand the use of its technology in the energy, chemical, and industrial sectors.
Feelit, founded in 2017 and based in Yokneam with 25 employees, has created a platform that brings factories and refineries into the digital world. It adds smart technology to equipment that has been hard to monitor.
The platform uses small adhesive “Sticker” sensors that give real-time data on machines, helping detect problems early before failures happen.
Feelit says its technology can help industrial companies save money, work more safely, and reduce pollution. For example, using it in a refinery led to savings and better environmental performance.
The company already works with major global clients, including Henkel, Nestlé, Continental, ICL, and Bazan Group.
“Our customers are showing that solving this challenge translates into multi-million dollar impact per site,” said Sharon Cohen, Feelit’s CEO. “Our technology fills a crucial gap in real-time asset visibility, enabling industrial operations to become safer, more sustainable, and more profitable.”
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