Sentian AI – Øresund Startups https://oresundstartups.com Tracking the Copenhagen, Malmö and Øresund region startup scene! Sun, 03 Dec 2023 16:45:08 +0000 en-US hourly 1 https://kerosin.digital/rss-chimp Sentian AI acquired by Weir to Advance Mining Efficiency and Sustainability https://oresundstartups.com/sentian-ai-acquired-by-weir-to-advance-mining-efficiency-and-sustainability/ Mon, 04 Dec 2023 05:40:00 +0000 https://oresundstartups.com/?p=17941 At the end of last month it was reported that global mining company Weir has acquired SentianAI, a Malmö-based AI solutions developer focused on optimizing performance in minerals processing. Sentian AI has developed an AI product for the process industry, aiming to streamline large and costly processes by integrating technology onto customers’ control systems to […]

The post Sentian AI acquired by Weir to Advance Mining Efficiency and Sustainability appeared first on Øresund Startups.

]]> At the end of last month it was reported that global mining company Weir has acquired SentianAI, a Malmö-based AI solutions developer focused on optimizing performance in minerals processing.

Sentian AI has developed an AI product for the process industry, aiming to streamline large and costly processes by integrating technology onto customers’ control systems to enhance production efficiency and reduce energy consumption. In recent years, the company has focused on the mining industry, leading to its acquisition by Weir Group, a 150-year-old global mining equipment supplier headquartered in Glasgow, Scotland.

This strategic move will enable Weir to enhance its digital capabilities and offer improved productivity and sustainability solutions to its customers. SentianAI, established in 2016, boasts a team of skilled software developers and data scientists. Their software employs advanced AI algorithms that continually adapt to a mine’s dynamic processes, leading to ongoing improvement and optimization.

Jon Stanton, CEO of The Weir Group, emphasized the significance of digital technology in addressing challenges like declining ore grades, production efficiency, and CO2 emissions in the mining industry.

“SentianAI’s advanced software solutions complement and will bridge our Synertrex and Motion Metrics technologies well. Together, these will enable us to provide holistic performance monitoring and optimization for smart, efficient, and sustainable mining. We welcome SentianAI’s team of experts to Weir.”

he states.

The acquisition underscores Weir’s commitment to leveraging AI and digital technologies to drive innovation and efficiency in the mining sector, ultimately contributing to sustainability goals. Martin Rugfelt, co-founder of Sentian AI clarified that it’s operations in Malmö will continue and benefit from additional resources while being integrated into Weir’s product portfolio.

Martin Rugfelt has with this made his second exit. He has previously sold AI startup Expertmaker to eBay in 2016. Sentian AI was founded by Rugfelt and three former colleagues from Expertmaker shortly after the eBay sale.

The post Sentian AI acquired by Weir to Advance Mining Efficiency and Sustainability appeared first on Øresund Startups.

]]> Sentian AI doubles their revenue and gets Eon as customer https://oresundstartups.com/sentian-ai-doubles-their-revenue-and-gets-eon-as-customer/ Thu, 29 Nov 2018 10:29:25 +0000 https://oresundstartups.com/?p=14488 The Malmö based startup Sentian AI is a company focusing on artificial intelligence in the form of neural networks, machine learning and algorithms to solve various problems. These problems being in the form of different predictions and optimisations. The company has recently doubled it’s revenue since the past year to €1M, and have gone from 10 […]

The post Sentian AI doubles their revenue and gets Eon as customer appeared first on Øresund Startups.

]]> The Malmö based startup Sentian AI is a company focusing on artificial intelligence in the form of neural networks, machine learning and algorithms to solve various problems. These problems being in the form of different predictions and optimisations. The company has recently doubled it’s revenue since the past year to €1M, and have gone from 10 to soon 17 employees. They’ve also recently gotten Eon as a customer, reports Rapidus.

The company has relied on consulting their own developed software for their revenue growth. One of the companies currently working with Sentian AI is Stockholm Exergi, where Sentian AI is building a software for the company to be able to detect malfunctions in the district heating systems before it actually happens.

Right now the companies only source of income comes from consulting their software and tailoring it to companies specific needs, the CEO of Sentian AI Martin Rugfelt predicts that they will be able to rely more on subscription services as soon as 2019, but even then the software will have to be tailored to different companies needs.

The post Sentian AI doubles their revenue and gets Eon as customer appeared first on Øresund Startups.

]]>