Vancouver-based Lumicent has launched a decision intelligence platform designed to help industrial organizations identify emerging asset risks, understand their potential consequences and determine where action is needed most.
Formerly known as CoGo, the company says its new name reflects an expanded focus beyond monitoring the condition of industrial assets. Lumicent now aims to connect condition data with operational and business context, helping teams move from detecting problems to deciding how to respond.
“Industry does not have a data problem. It has a decision problem,” said Andy Pruett, co-founder and CEO of Lumicent.
“For more than two decades in industrial operations, I saw warning signs that existed somewhere in the organization but never became clear, consequential or urgent enough to change the outcome,” he added. “Lumicent is built to help teams understand which risks matter most while there is still time to act.”
Industrial organizations already use sensors, inspection programs and asset-management systems to monitor equipment and record its history. Lumicent operates above and alongside those systems, combining continuous condition data, Physical AI and consequence-based intelligence.
The platform analyzes how assets behave under real-world operating conditions and identifies meaningful changes. It then evaluates the possible impact across six categories: operations, safety, financial performance, regulatory compliance, the environment and reputation.
According to Lumicent, this approach can help teams distinguish between an issue that can be monitored and one that requires immediate intervention. A developing problem involving a redundant asset, for example, may present less business risk than the same problem affecting a critical single point of failure.
Agentic workflows help coordinate and track approved responses across existing systems and teams, while keeping people responsible for final decisions. Lumicent also operates independently of industrial control systems, allowing organizations to expand visibility without replacing established platforms or disrupting control infrastructure.
Depending on the environment and use case, the company says deployments can reduce unplanned downtime by 30% to 50% and manual inspection requirements by up to 90%.
Lumicent’s technology is being used by USA Rare Earth as the company works to establish a domestic supply of critical materials.
“Lumicent helps us identify issues before they become disruptions to commissioning or production, and gives us greater confidence that we’re focusing our people and resources where they can have the greatest impact,” said David Hess, director of manufacturing supply chain for USA Rare Earth.
Founded in Vancouver in 2020, Lumicent initially focused on detecting changes in the physical condition of critical industrial assets. Its new platform extends that foundation into decision intelligence, helping organizations prioritize risk before equipment problems become costly disruptions.
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