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.”

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.”

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.