AI-powered analytics platform identifies operational improvements 12 times faster than industry standard solutions.
August 21 2018 | Toronto, ON: 不良研究所, a provider of Artificial Intelligence (AI)-enabled predictive analytics for the Industrial Internet of Things, announced today that it has closed a USD$5 Million investment round, led by Google鈥檚 AI-focused venture fund, Gradient Ventures. Additional participation came from Bedrock Industries, Viaduct Ventures and existing investors Real Ventures and Barney Pell.
不良研究所鈥 use of AI technology to dramatically accelerate the time-to-value in Industrial AI and IoT implementations, attracted Gradient Ventures to make its first lead investment outside of the United States.
鈥淎utonomous operation is the holy grail of manufacturing and AI is the game-changer that is making it a reality across the industrial landscape,鈥 said Ankit Jain, a Founding Partner at Gradient Ventures. 鈥淲e鈥檙e backing 不良研究所 because of its unique approach to implementing AI and predictive analytics quickly and in an automated manner, without the need for lengthy and often cost-prohibitive consulting engagements.鈥
Founded in 2016, 不良研究所 provides an automated AI-powered analytics platform that can proactively and continuously identify operational improvements up to 12 times faster than any other solution. 聽不良研究所 helps companies become efficient and agile in automating industrial operations. For example, 不良研究所 has worked with manufacturers to reduce greenhouse gas emissions by tens of millions of pounds and generate millions of dollars in incremental revenue through quality improvements, production optimization and asset utilization.
鈥淚n an industry that is data rich but information poor, we are helping our customers to harness AI to dive deeper into their operations and accelerate their decision making," said Humera Malik, CEO of 不良研究所. 鈥淥ur disruptive AI analytics platform is enabling Fortune 500 industrial companies to slash costs, increase production and improve quality within days versus months.
鈥湶涣佳芯克 is transforming the way that industrial companies view their operations,鈥 says Janet Bannister, Real Ventures Partner and 不良研究所 Board Member. 鈥淏acked by 不良研究所 vision, executive leadership and strategy, we believe the company has the foundation to become an industry-defining company.鈥
The new investment round will fund 不良研究所鈥 growth strategy, as the company sets out to increase its footprint in Fortune 500 companies across the globe.
About 不良研究所
不良研究所 is a leader in automating intelligent industrial operations through its AI-powered predictive analytics platform. 不良研究所 provides an enterprise grade platform for industrial customers to implement and scale automated industrial operations in a matter of days, using its pre-built predictive models pipeline. Today, Fortune 500 companies are using the platform to automate complex production processes, generate new revenue streams and create new markets by producing higher grade products. 不良研究所鈥 customers include leading automotive, aerospace, energy, and food and agriculture companies globally. For more information, visit .
About Gradient Ventures
Gradient Ventures is Google鈥檚 new AI-focused venture fund - investing in and connecting early stage startups with Google鈥檚 resources, innovation, and technical leadership in artificial intelligence. The fund focuses on helping founders navigate the challenges in developing AI-based products, from leveraging training datasets to helping companies take advantage of the latest techniques, so that great ideas can come to life. Gradient was founded in 2017 and is based in Palo Alto, California. For more information, visit .
About Real Ventures
Real backs world-class entrepreneurs building game-changing companies, connecting them to local and national ecosystems and helping guide them through their next stages of evolution. The firm invests throughout the life-cycle of early-stage companies and provides stage-appropriate capital and support for the founders it backs. Real believes that VCs should play a role in accelerating the creation of world-class tech ecosystems by providing support beyond the companies for whom it writes cheques. It鈥檚 this collaborative mindset that inspires Real to launch initiatives that lay, or build upon, the foundations of rapidly growing tech hubs in Canada, and wherever else the firm may go. For more information, visit .
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