Novity

Novity is a provider of a predictive maintenance AI platform for process industries, offering its TruPrognostics AI software that tells industrial plant operators when machines will fail and what to do about it. The platform diagnoses faults, identifies root causes, forecasts remaining useful life, and recommends next actions using data already collected by customers. Novity differentiates itself through a hybrid AI architecture combining physics-based modeling, machine learning for deviation detection, and contextual AI for root cause identification, with recommendations sourced exclusively from OEM manuals, customer SOPs, and work history to prevent hallucinations. The platform covers reciprocating compressors, centrifugal compressors, screw compressors, centrifugal pumps, electric motors, industrial fans and blowers, and heat exchangers across three data tiers. Validated in production with U.S. energy supermajors, the system detects over 92-93% of faults with low false alarm rates and has provided over 40 days of lead time on critical compressor faults. Founded in 2022 and headquartered in San Carlos, United States, Novity has raised approximately .8 million in a Series A round with investors including WERU Investment, Myriad Venture Partners, Metawater, and Acario Innovation.