Neuron soundware, a Prague-based tech startup, develops a smart system that detects mechanical problems of machines. By recording audio data via sensors and subsequent automatic evaluation by AI algorithms, the system helps to prevent unexpected breakdowns of critical production assets. Neuron soundware was founded in 2016 by Pavel Konečný in Prague and was named “Idea of the Year 2016” in the Czech Republic for the combination of Artificial Intelligence and Internet of Things technologies. In 2017, the company received initial €600,000 investment by J&T Ventures. One year later, Neuron soundware was classified as a “Cool Vendor in Acoustic Technologies for Predictive Maintenance” by Gartner. Most recently, in June 2019, the current team of approximately 20 experts successfully closed Round A with €5.75 million investment from INVEN CAPITAL and LEAD VENTURES.