Compredict GmbH, a startup specializing in AI-enabled software solutions for predictive maintenance, vehicle health and usage monitoring, has entered into a partnership with big data analysis Palantir Technologies.
Compredict will use Palantir’s Foundry software to provide virtual sensors and other services to partners around the world. The goal is to offer better cloud-based solutions for connected vehicles.
Compredict (Darmstadt, Germany) is a software start-up within the automotive and mobility space. Offering data-driven virtual sensors, Compredict software is built to replace hardware sensors across automotive applications. These virtual sensors form the foundations of the software-based vehicles of the future, the company believes.
They help to minimize CO2 in various application areas, add new measurement capabilities to existing and new vehicles, provide health and usage monitoring, and even pave the way for predictive maintenance management. All this culminates in a swathe of customer benefits: reduced warranty costs, increased speed for vehicle maintenance, and a more sustainable delivery of data-driven services for mobility. Palantir Foundry was designed to help organizations integrate disparate data sources and make the best possible use of their data. Compredict will now use Palantir Foundry to provide its virtual sensors and deliver other benefit-led services around the globe.
“The Palantir and Compredict partnership is of great value for our automotive partners and offers our catalogue of virtual sensors to help OEMs reduce their hardware bill and enable more capabilities to monetize on data right from the start by delivering our technology on Palantir’s platform. I am pleased to have Palantir partnering with us for addressing not only automotive but also other large data-driven industries such as rail, aerospace, or heavy industries.” said Dr. Stéphane Foulard, CEO and Co-Founder of Compredict.
“The range of use cases for Foundry across Compredict emphasises the breadth of practical applications for our software in the automotive sector,” said Palantir’s Global Head of Automotive and Mobility, Liam Mawe.
Also Vektor Partners, a VC fund with a focus on data driven technology in the mobility space, who led Compredict’s Series A financing round last year, is pleased with the deal. “This partnership proves the increasing importance and potential of leveraging data in the industry”, explained Valentin Menedetter, General Partner at Vektor Partners. “e see a tremendous opportunity for our portfolio companies in the mobility space to scale as part of Palantir’s Foundry for Builders program”.
The partnership is part of Palantir’s expansion strategy within Automotive and Mobility, with clients ranging from Auto OEMs (Stellantis etc.), auto suppliers (Forvia etc.), data vendors to startups in the industry.