Edmund secured €2.5 million led by Forward.one to expand its troubleshooting platform across European and US manufacturing facilities. The Prague-based company deploys AI that integrates electrical schematics, PLC software, maintenance logs, and live IoT data into unified diagnostics systems.
The platform connects over 130 machines across multiple factories, cutting average downtime by 26 percent and saves approx.. 441 technician hours annually per facility. Edmund’s system works across industrial equipment types, integrating with existing PLC infrastructure without requiring hardware replacement.
Funding participants include University2Ventures and Tensor Ventures. The capital supports team expansion and platform development toward autonomous diagnostics.
