- Business
- Razor Labs Ltd Razor Labs Ltd (TASE: RZR) develops and provides artificial intelligence-based predictive maintenance solutions primarily for the mining and heavy industrial sectors; its core offerings include DataMind AI, a Software as a Service (SaaS) platform that fuses data from sensors, condition reports, and maintenance records to deliver real-time equipment insights, root cause failure analysis, predictive malfunction detection up to one month in advance, prescriptive actions, and visual AI diagnostics for fixed and mobile assets such as crushers, pumps, and fleets; complementary hardware provides 24/7 site coverage on secure networks; and Enterprise AI offers customized solutions for organizational efficiency in industrial settings. The company operates in Israel, Australia, South Africa, and internationally, targeting mining operators, industrial firms, and sectors like automotive manufacturing with a focus on reducing unplanned downtime, boosting productivity, enhancing safety, and optimizing maintenance costs. Founded in 2016 and headquartered in Tel Aviv, Israel, Razor Labs employs 41 people and reports revenue growth to 17.22 million shekels in 2024 from artificial intelligence products and solutions. Recent developments include a February 2025 subscription agreement with SIMEC Mining in South Australia following a successful pilot; a September 2025 strategic partnership with Process Automation as its Africa system integrator to expand DataMind AI in South African mining; the launch of DataMind AI version 4.1 enhancing real-time decision-making and diagnostics; a collaboration with Ericsson integrating AI with private 5G networks for remote mining; a contract with a leading German automotive manufacturer; and triple wins at the 2024 Mining Technology Excellence Awards for innovation, safety, and R&D.