Movus, a Queensland start-up that has developed technology for monitoring electric motors and anticipating failures, has secured $4.8 million in Series A funding from Blackbird Ventures, Telstra Ventures and Skip Capital.

Movus’s FitMachine system comprises a sensor that attaches magnetically to the motor and monitors vibration, noise and temperature. Data is passed to a Movus IoT platform that uses artificial intelligence to determine when the motor is not functioning correctly.

Telstra Ventures MD Matthew Koertge said Movus aligns well with Telstra’s broader IoT strategy and would provide “a compelling IoT value proposition for machinery owners and a unique opportunity to capture value in the ‘Industry 4.0’ market.”