Petasense operates in the industrial IoT (Internet of Things) market, providing advanced solutions for asset reliability and optimization. The company offers wireless sensors that can be easily installed on critical machinery to monitor various parameters such as vibration, temperature, ultrasound, and pressure. These sensors transmit data securely to the cloud, where machine learning algorithms analyze the information to predict asset health and optimize performance. Petasense's platform includes applications that allow users to visualize asset health and receive real-time alerts from anywhere, accessible via web and mobile interfaces. The company serves industries with critical rotating machines, electric panels, valves, and steam traps, among others. Petasense's business model revolves around selling its hardware sensors and subscription-based access to its cloud-based analytics platform. Revenue is generated through the sale of sensors and ongoing subscription fees for the software services.

Keywords: Industrial IoT, asset optimization, wireless sensors, machine learning, cloud analytics, real-time monitoring, predictive maintenance, critical machinery, industrial automation, performance optimization.