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Novity

Novity

Private
San Carlos, CaliforniaFrontier & Industrial Techhttps://novity.us/

Last Round

Strategic

May 20, 2026

Est. Valuation

$20.27M

Total Funding Raised

$8.8M

Company Overview

Novity is an industrial technology company that provides a predictive maintenance software platform designed to help manufacturers foresee the health of production assets and eliminate unplanned downtime.

Sector

Frontier & Industrial Tech

Verticals

Smart Manufacturing, Vertical SaaS, Energy Management

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

predictive maintenanceindustrial AIremaining useful lifeRULasset healthpredictive analyticsindustrial IoTIIoTprocess industriescondition monitoringunplanned downtimesmart manufacturingphysics-based AIdigital twinreliability engineeringindustrial SaaS

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Novity Comps

Public and private peers based on sector, stage, and business model.

Novity comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Novity Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicMay 20, 2026
Series AFeb 21, 2024

Key People

Founding team and executive leadership

Markus Larsson

Founder & CEO

Founding Team

Novity Investors

Notable investors and investment history

Novity investors
InvestorRounds
WERU Investment Co.Series A
Myriad Venture PartnersSeries A
Acario InnovationStrategic

Novity Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Novity Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Novity's valuation, stock price, and market status.

Firmographic Details

HeadquartersSan Carlos, California
Employee Range7
Year Founded2022
Last FundingMay 20, 2026

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