Seattle’s Elevāt Secures $12 Million to Revolutionize Industrial Repairs with AI-Powered Tech

In a bold move that underscores the growing intersection of artificial intelligence and industrial operations, Seattle-based startup Elevāt has announced a $12 million Series A funding round aimed at accelerating the deployment of its cutting-edge software platform designed to streamline equipment maintenance and drastically reduce costly downtime for industrial companies.

Founded in 2015 as a spinout from Western Integrated Technologies, a well-established Seattle-area manufacturer specializing in fluid power systems, Elevāt has spent the past several years quietly building a reputation as a transformative force in the industrial IoT (Internet of Things) space. Now, with fresh capital in hand and a clear expansion strategy, the company is poised to take its AI-driven solutions to new markets—starting with Europe.

Tackling the Skilled Labor Crisis with Smart Technology

At the heart of Elevāt’s mission is a pressing challenge facing industries worldwide: a severe shortage of skilled technicians capable of maintaining increasingly complex industrial machinery. As equipment becomes more sophisticated, the gap between available expertise and operational needs widens, leading to longer repair times, higher costs, and more frequent equipment failures.

Elevāt’s platform directly addresses this issue by integrating telemetry data, fault codes, digital manuals, and comprehensive repair histories into a unified, AI-guided interface. This empowers technicians—regardless of experience level—with step-by-step guidance that dramatically improves first-time fix rates and slashes mean time to repair (MTTR).

“Our goal is to make every technician as effective as the best technician,” said Adam Livesay, Elevāt’s CEO. “By combining real-time data with AI-driven insights, we’re not just speeding up repairs—we’re preventing problems before they happen.”

Beyond Reactive Repairs: Predictive Maintenance and Remote Triage

Elevāt’s platform goes beyond traditional reactive maintenance models. Its predictive capabilities allow teams to anticipate equipment failures before they occur, enabling proactive maintenance schedules and smarter parts inventory planning. This shift from reactive to predictive maintenance can save companies millions in avoided downtime and emergency repair costs.

Additionally, the platform supports remote triage, allowing off-site experts to diagnose issues and guide on-site technicians through complex repairs without the need for costly travel or extended equipment downtime. This feature has proven especially valuable in industries like construction, agriculture, and fire and safety, where equipment is often deployed in remote or hard-to-reach locations.

Strategic Growth and European Expansion

The new funding will primarily fuel Elevāt’s expansion into European markets, where industrial companies are increasingly seeking digital solutions to address labor shortages and operational inefficiencies. While Livesay declined to disclose specific investor names or revenue figures, he emphasized that the capital injection will support both geographic growth and product development.

“Europe represents a significant opportunity for us,” Livesay noted. “The industrial base there is robust, and the need for smarter maintenance solutions is just as acute as it is here in the U.S.”

A Leadership Transition and Strong Foundations

As part of the company’s evolution, Bill Hill, Elevāt’s co-founder and former CEO, has transitioned to the role of chairman of the board. Hill’s deep industry expertise and leadership have been instrumental in shaping Elevāt’s vision and product strategy, and he will continue to play a key advisory role as the company scales.

With 25 employees and $18.7 million raised to date, Elevāt is well-positioned to capitalize on the growing demand for AI-powered industrial solutions. The company’s roots in Western Integrated Technologies have provided a strong foundation, giving it unique insights into the challenges faced by equipment manufacturers and industrial operators.

Industries Benefiting from Elevāt’s Innovation

Elevāt’s customer base spans a diverse range of industries, each facing its own set of maintenance and operational challenges:

• Construction: Heavy machinery downtime can halt entire projects, leading to costly delays.
• Agriculture: Equipment reliability is critical during planting and harvesting seasons.
• Fire and Safety: First responders depend on fully operational equipment in life-or-death situations.

In each of these sectors, Elevāt’s platform is helping organizations maximize uptime, extend equipment life, and reduce the total cost of ownership.

The Future of Industrial Maintenance is Here

As industries worldwide grapple with labor shortages, rising equipment complexity, and the need for greater operational efficiency, solutions like Elevāt’s are no longer optional—they’re essential. By harnessing the power of AI, IoT, and data analytics, Elevāt is not just improving how repairs are done; it’s fundamentally transforming the way industrial companies think about maintenance and asset management.

With its latest funding round, strategic leadership, and proven technology, Elevāt is well on its way to becoming a global leader in industrial IoT and AI-driven maintenance solutions. For companies looking to stay competitive in an increasingly digital world, the message is clear: the future of maintenance is predictive, intelligent, and powered by platforms like Elevāt.

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