Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, December 08 2020 - 21:00
AsiaNet
Adapdix secures $8M Series A funding to accelerate growth of AI-powered automation and control software
PLEASANTON, Calif., Dec. 8, 2020 /PRNewswire-AsiaNet/ --

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™ 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™ 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™ 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™ 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™ 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.

Photo - https://mma.prnewswire.com/media/1359460/Adapdix.jpg  
Logo - https://mma.prnewswire.com/media/1359461/ADAPDIX__Logo.jpg 

Source: Adapdix Corporation
Translations

Japanese