PR87068

PLEASANTON, Calif., Dec. 8, 2020 /PRNewswire=KYODO JBN/ --

Adapdix Corporation[https://www.adapdix.com/], the digital transformation

leader in Edge AI automation and control software, today announced the

completion of an $8M Series A funding round, led by WRVI Capital, with

participation from Micron Ventures and existing investor X2 Equity.

As the first predictive analytics solution based on an industrial-grade data

mesh technology, Adapdix enables ultra-low-latency, predictive maintenance and

control. This means that companies can now take the next steps in the Edge AI

performance journey, from simply detecting and preventing faults to enabling

control and automating self-correcting actions.  

Anthony Hill, Founder and CEO at Adapdix, said, "Enterprise companies are

increasingly moving processing power closer to the source of the data to

increase model accuracy, reduce network cost and congestion, and latency. The

Adapdix EdgeOps(TM) solution is addressing a significant and growing market need

to extract value and control systems at the edge. This investment round will

solidify Adapdix's leadership position in the market and enable more enterprise

companies to control their end-to-end operations - and ensure uptime - with

real-time predictive analytics."

Adapdix's EdgeOps(TM) is a software-only solution that combines advanced

artificial intelligence and machine learning (AI/ML) analytics with a

distributed, edge-based control platform. By enabling control where the AI data

is, the edge, Adapdix enables a distributed data mesh ecosystem that delivers

the new foundation for customer-centric Edge AI deployments.

Nicholas Brathwaite, Founding Managing Partner at WRVI Capital, said, "Adapdix

EdgeOps(TM) innovative technology provides a scalable multivariable platform

allowing enterprises to operationalize AI/ML across critical infrastructure,

improving significant uptime and business profitability as it has not been

possible before."

"Artificial intelligence will transform how enterprises automate and optimize

processes in the workplace," said Andrew Byrnes, director of venture capital at

Micron Ventures. "Adapdix has an innovative platform with powerful capabilities

to generate data insights that quickly and effectively unlock new levels of

productivity and streamlined processes."

Adapdix's EdgeOps(TM) will initially focus on manufacturing customers in the

semiconductor, electronics, and automotive industries, with more sectors to follow.

About Adapdix

Adapdix provides an innovative software platform for enterprises that optimizes

Artificial Intelligence (AI) and Machine Learning (ML) at the edge. The

company's customer-centric Adapdix EdgeOps(TM) platform provides previously

unmatched performance increases in uptime of equipment, reduction in supply

chain and logistics cost and increases in remote worker control and productivity.

Founded in 2015, Adapdix is headquartered in Pleasanton, California – see www.adapdix.com.

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Source: Adapdix Corporation