WEST LAFAYETTE, Ind. (WLFI) – A Purdue University student startup company is named one of top 10 startups in the world for 2015.
Last week, Bearing Analytics received a $100,000 grant from FOUNDER.org. The company was formed in 2012 by Anurag Garg and Lokesh Gupta.
The startup offers industrial companies a sensory program that monitors and predicts failure in machinery. Bearing Analytics was one of three Purdue student startups recognized in the top 50, and the only one in the top 10.
The company’s CEO said they’re excited for the future of the company.
“When we started the company, we expected to get to this point. It’s just been a fun ride for the past year and a half. As a startup, it’s very hard to predict where you’re going to be. We’re just happy it’s been positive so far,” said Garg.
The top 50 companies recognized are receiving a year of training from mentors. Founder.org is a non-profit organization, whose goal is to increase the number student entrepreneurs