Prague based industrial software startup Edmund has raised 2.5 million Euro in a new funding round. The investment was led by FORWARD.one. Two additional undisclosed investors also participated in the round.

Edmund provides an AI platform designed to assist manufacturing facilities in diagnosing equipment malfunctions. The system functions by integrating physical hardware with technical documentation and live sensor data to streamline maintenance workflows.

The startup plans to allocate the fresh capital toward the advancement of its core AI technology. Furthermore, the funding will be used to support general business expansion as the company seeks to scale its operations within the industrial sector.