02 October 2019. X2 Equity announces today that it has invested in Adapdix, Inc. (“ADAPDIX”), an innovative provider of AI-driven IIoT (Industrial Internet of Things) solutions with its Edge Intelligent Automation software for industrial machinery and equipment, headquartered in Pleasanton, CA. In addition to growth financing, X2 will support the company during its international roll-out by providing operational platform support in Germany and China as well as support to build the Company’s business with leading machinery equipment OEM’s.
ADAPDIX offers a software-based Edge Intelligent Automation platform that integrates ML/AI technologies into a real-time, intelligent adaptive control IIoT system to provide ultra-low latency exchange of operational technology (OT) data enabling predictive data analytics1) in advanced manufacturing and industrial environments.
The Company’s pioneering EdgeOps™ platform technology manages massive AI-driven data sets integrated across distributed IIoT platform for industrial clients from the semiconductor, electronics manufacturing and automotive industry to derive greater business and operational insights and automated control. EdgeOps™ platform enables customers to optimize system uptimes, increase production yields and reduce total cost of ownership (OEM equipment).
ADAPDIX EdgeOps™ software platform allows enterprises to become more intelligent, agile and responsive organizations with real-time visibility. This innovative, integrated AI/ML approach provides businesses with new insights into equipment performance and health. It helps businesses leverage IIoT connectivity to enable predictive, prescriptive and even more advanced adaptive analytics and control collected by sensors, subsystems, trackers and other input devices.
Enterprises can now manage end-to-end systems that enables more efficient, streamlined business process and operations, thus lowering costs of operations and processes through automation at the Edge2) and ultimately leading to improved customer experience that drives growth.
Fortune 500 companies and leading advanced technology system providers (OEM’s) are piloting and implementing ADAPDIX’ integrated machine learning and AI capabilities in high-volume production environments in order to manage, maintain and gain deeper insights to their manufacturing ecosystem. Current OEM equipment applications include semiconductor and display process control, robotic stations and other yield critical assembly equipment.
About X2 Equity
X2 I Equity is an independent investment holding focused on the funding and scaling of high-tech companies active in technology systems, advanced components, IIoT industrial hardware and software, and smart industrial services. X2 Equity has offices in Munich (Germany), Phoenix AZ (US) and Suzhou (China). More information about X2 Equity can be found at http://www.x2-equity.com
1) Predictive analytics encompasses a variety of statistical techniques from data mining, predictive modelling, and machine learning, that analyze current and historical facts to make predictions about future or otherwise unknown events.
2) Edge Analytics is an approach to data collection and analysis in which an automated analytical computation is performed on data at a sensor, network switch, IoT Gateway or other machinery hardware device instead of waiting for the data to be sent back to a centralized data store.