Aquant.io Announces $2.6M Seed Round, Bringing AI Into the World of Service to Solve the Multi-Billion-Dollar Downtime Problem

Aquant, a New York City-based tech company, announced it has secured $2.6 million in seed funding from World Trade Ventures, SilverTech Ventures, AngeList Syndicate led by Gil Dibner, and a group of private investors in order to expand their customer base and accelerate development of the technology's abilities. Aquant, a rising name in the tech business ecosystem, has developed sophisticated AI and machine learning technology to addresses the multi-billion-dollar problem of machinery downtime that troubles service companies. The unique aspect of Aquant's technology is its ability to locate potential failures at levels that are difficult to be predicted by humans. Companies in the service industry have gotten used to paying a fortune on a yearly basis on machinery downtime and recurring technicians' visits, due to lack of technicians' skills and wrong stocking of parts. Aquant provides service companies with a permanent solution for this problem.