Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, February 09 2021 - 21:00
AsiaNet
Adapdix announces SoftBank funding for next-generation edge AI platform
PLEASANTON, Calif., Feb. 9, 2021 /PRNewswire-AsiaNet/ --

Adapdix Corporation [https://www.adapdix.com], the digital transformation 
leader in Edge AI automation and intelligent control software, today announced 
that it has received funding from SoftBank's Opportunity Fund, pushing the 
total investment amount secured by Adapdix up to $10 million. The new funds 
will be used to build the next generation Artificial Intelligence (AI) platform 
for the edge, enabling real-time predictive analytics and maintenance for 
enterprises.  

Chad Harris, an investor from SoftBank's Opportunity Fund, said, "We are 
excited to support Adapdix in its AI innovations and to participate in its 
development of new solutions for the edge – we believe the result will be a 
real game changer. The SB Opportunity Fund is investing at this early stage 
because we recognize the differentiation of Adapdix' technologies and believe 
that it has the potential to become the leader in the fast-growing edge AI 
market."

Anthony Hill, Founder and CEO at Adapdix, said, "This investment is validation 
of our vision for our next-generation AI platform. With the SB Opportunity Fund 
joining the team of investors, we now have the ability to scale up the business 
and develop the required ecosystem of partners and suppliers."

Adapdix' EdgeOps(TM) is a software-only solution that combines advanced 
artificial intelligence and machine learning (AI/ML) analytics with a 
distributed, edge-based architecture. By enabling control where the AI data is, 
at the edge, Adapdix helps to increase model accuracy, reduce network cost and 
congestion, and cut latency.

As the first predictive analytics solution based on an industrial-grade data 
mesh technology, Adapdix enables ultra-low-latency, predictive maintenance and 
control. Adapdix' EdgeOps(TM) will initially focus on serving manufacturing 
companies in the semiconductor, electronics and automotive sectors, with more 
industries planned for the future.

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 http://www.adapdix.com.

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Source: Adapdix Corporation
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