SoftBank funds next-generation Adapdix edge AI platform
Adapdix Corporation has 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 AI platform for the edge, enabling real-time predictive analytics and maintenance for enterprises.
Chad Harris, an investor from SoftBank’s Opportunity Fund, said, “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™ 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 system based on an industrial-grade data mesh technology, Adapdix enables ultra-low-latency, predictive maintenance and control. Adapdix’ EdgeOps™ will initially focus on serving manufacturing companies in the semiconductor, electronics and automotive sectors, with more industries planned for the future.
Further reading
Artificial intelligence specialist Oqton raises series A funding
Improving machine learning with RRAM variability
PCIe Gen 5 switches target machine learning, hyperscale computing
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
