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Capacity: SoftBank invests in Adapdix for edge AI platform

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Adapdix Corporation has received funding from SoftBank’s Opportunity Fund, pushing its total investment amount secured by Adapdix up to $10 million.

The company said 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.”

CRN: 10 Cool Cloud AI And ML Services You Need To Know About

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Google Cloud’s machine learning-powered Document AI platform — which already has been used to process tens of billions of pages of documents for government agencies and the lending and insurance industries among others — became generally available last week, along with Lending DocAI and Procurement DocAI.

The serverless Document AI platform is a unified console for document processing that allows users to quickly access Google Cloud’s form, table and invoice parsers, tools and offerings — including Procurement DocAI and Lending DocAI — with a unified API. It uses artificial intelligence/machine learning (AI/ML) to classify, extract and enrich data from scanned and digital documents at scale, including structured data from unstructured documents, making it easier to understand and analyze.

AI TechPark: Adapdix announces SoftBank funding for AI platform

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Adapdix Corporation, 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.”

VERDICT: Edge AI startup Adapdix raises $8m for smart manufacturing platform

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Adapdix, a company that provides a predictive analytics software platform for industrial machines, has raised $8m in a Series A funding round.

WRVI Capital led the funding round, with participation from new investor Micron Ventures and existing investor X2 Equity.

The California-based firm’s ‘EdgeOps’ platform is used by companies for industrial systems that process AI algorithms locally instead of in the cloud, known as edge AI.

Adapdix said it would use the funds to bolster its position in the edge AI market.

PIC Magazine: FiconTEC, Adapdix Partner To Bring AI-Enabled Optimization To PIC Manufacturing

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ficonTEC Service GmbH of Achim, Germany, and Adapdix Corporation of Pleasanton, CA (USA,) announced that they have entered into a strategic agreement to implement Adapdix’ EdgeOps™ platform technology within ficonTEC’s advanced photonics production systems. With the integration of an AI / Machine Learning layer to monitor, predict and appropriately adapt operation-critical process steps, overall system reliability and performance can be improved, thus creating a further level of sophistication and differentiation for ficonTEC’s machine systems, the companies said

EdgeOps is described by Adapdix as a market-leading AI/ML platform and software engine that works by tapping into the wealth of data generated by ficonTEC’s comprehensive software control interface, Process Control Master (PCM). PCM automatically logs real-time positional, vibrational, environmental and physical/optical performance data for all system modules and customer process steps; this data is then utilized by the EdgeOps software to perform predictive analytics designed to realize the full potential of this data for optimization purposes.