AssetWatch Remote Condition Monitoring

AssetWatch, Inc., formerly Nikola Labs and based in Dublin, Ohio, provides an end-to-end remote condition monitoring service for manufacturers in chemicals, food and beverage, metals, mining, pharmaceuticals, plastics, pulp and paper and water. It targets plants that lack reliability staff to collect and interpret machine data and therefore suffer unplanned downtime.

Wireless sensors measure vibration and temperature on rotating equipment, and are complemented by route-based vibration, oil analysis and, since October 2026, panel-mounted electrical monitoring that tracks three-phase motor current to detect overloads, slipping belts and current unbalance. All data feeds one platform where AI works with dedicated Condition Monitoring Engineers who learn each plant and act as an extension of the customer's reliability team. A partnership with Oden Technologies links asset health to production analytics.

• Continuous vibration and temperature sensors: wireless monitoring of motors, pumps, fans and gearboxes.
• Electrical Monitoring: three-phase RMS current tracking from the panel to detect overload, unbalance and transmission faults.
• Oil analysis and route-based vibration: extra data sources combined in the same platform.
• Condition Monitoring Engineers: dedicated experts review AI findings and advise plant teams.
• Runtime and duty cycle data: behavioural baselines showing which assets run hardest.
• Production analytics integration: native link with Oden Technologies for root-cause analysis.

A plastics or packaging factory in Vietnam can monitor extruder motors and gearboxes without hiring analysts. A food and beverage plant can track pumps, compressors and conveyors around the clock. A pulp and paper or water utility can watch hard-to-reach motors through panel-mounted current sensors.

AssetWatch states that customers average an 8x return on investment. A 30-day risk-free trial for US$199 includes installation of up to 200 sensors, 24/7 monitoring and unlimited software licences, which lowers the barrier to a pilot. Panel-mounted electrical sensors monitor hard-to-reach motors without capital works, and expert engineers remove the need to hire in-house vibration analysts.

Shortages of experienced reliability engineers are a major barrier to predictive maintenance, so buyers increasingly prefer monitoring delivered as a service with sensors, software and remote experts bundled together. Manufacturers in Vietnam and Southeast Asia face similar skill gaps, making managed condition monitoring attractive as a first step beyond time-based maintenance.

AssetWatch was renamed from Nikola Labs in January 2023. It raised a US$38 million Series B in May 2024, US$40 million from strategic investor INX International in January 2025 and a US$75 million Series C led by Viking Global Investors in April 2025 to scale internationally. It partners with Mitsui Knowledge Industry in Japan, achieved SOC 2 Type 2 in 2026 and was listed on the Inc. 5000 for the third time in 2026.