HARVARD ALUMNI ENTREPRENEURS AND PEGASUS TECH VENTURES GRADUATE INAUGURAL COHORT FROM GLOBAL VIRTUAL ACCELERATOR PROGRAM

CAMBRIDGE, MASS –
This Spring, Harvard Alumni Entrepreneurs and Pegasus Tech Ventures joined forces to launch a global virtual accelerator program for Harvard entrepreneurs and their start-up companies. The program provided an intensive ten-week curriculum designed to help early-stage start-up companies transition from starting up to scaling up and accelerating their growth. Ten companies were selected to participate in the first cohort out of a group of over 140 qualified start-up applicants. The companies covered a wide variety of technology sectors and spanned five continents around the globe, including South America, North America, Europe, Africa, and Asia.

On June 2, the program organizers brought together a panel of global venture investors to evaluate the pitches of the ten companies and identify the top three companies in the cohort.

Autonomo, the top prize winner, is reimagining the retail shopping experience by building checkout-free convenience stores. The company employs computer vision to track purchases, eliminate checkout lines, and reduce retailer costs. In its pilot store in Germany, Autonomo has succeeded in making both customers and retailers happy by simplifying the shopping experience while tripling retail profit margins. James Sutherland, a 2014 graduate of Harvard Business School, co-founded Autonomo

In addition to Autonomo, the investor panel identified two runners-up:

• Thermaband has developed a wearable device that helps regulate body temperature and comfort for people who experience hot flashes, cold flashes, or night sweats, such as women going through menopause. Thermaband’s CEO, Debbie Dickinson, is a graduate of Harvard Law School. Co-founder Markea Dickinson graduated from the Yale School of Management.
• Adapdix has developed AI software that monitors and manages precision manufacturing equipment, such as the machines used in semiconductor manufacturing and electronics assembly. Adapdix provides automated optimization of machine performance, which improves process efficiency and product cost. CEO Anthony Hill is a graduate of Harvard Business School.

This year’s winner, Autonomo, received an invitation to the Startup World Cup and the chance to compete for a $1 million investment prize. In addition, Autonomo accepted an invitation to meet with the Harvard Business School Alumni Angels of New York.

Regina Ryan, the President of Harvard Alumni Entrepreneurs, and the co-founder of the Accelerator program, commented on the ten-week odyssey and the pitch day competition at the end: “While the pitch day certainly got those competitive Harvard juices flowing, the program was overwhelmingly characterized by a wonderful spirit of collaboration. The entrepreneurs got to know each other early on, and throughout the program were engaged in helping each other address the key challenges they each face.” Regina went on to say, “Borne out of success and failure, each venture is using the lessons learned from their collective experiences and from the program to develop innovative approaches to build stronger teams and create better outcomes for their customers.”

Bill Reichert, a partner at Pegasus Tech Ventures, the other co-founder of the program, commented, “This program gave us a chance to move beyond the traditional accelerator format and experiment with a variety of approaches to maximizing the value of the program for a diverse group of entrepreneurs distributed around the planet.” Bill went on to say, “We put a great deal of emphasis on creating a highly customized experience for each company, primarily through a dedicated weekly mentorship schedule with access to a deep pool of subject matter expert mentors, plus making sure that the entrepreneurs had ongoing opportunities to tap into the skills and experience of the other entrepreneurs in the cohort. We were absolutely delighted with the results, including the overwhelming feedback we got from the group.”

The formal name for the program is Harvard Alumni Entrepreneurs Accelerator, Powered by Pegasus Tech Ventures. The next program is scheduled for Spring 2023. Applications for participation will be opened this Fall.

The Accelerator is designed for seed and early-stage entrepreneurs who are ready to move beyond the start-up stage and are looking for the tools and training needed to scale up their companies. The curriculum provides a combination of training in applying valuable concepts and tools along with workshops and mentoring designed to enable entrepreneurs to use these concepts and tools to the specific requirements of their businesses. To provide a highly personalized experience, the Accelerator offers extensive mentoring support to address the specific needs of each company.

Startup World Cup

The winner of the 2022 Harvard Alumni Entrepreneurs Accelerator Demo Day received an invitation to compete at the global Startup World Cup championship event in San Francisco from September 28-30th, 2022. At the event, Autonomo will compete with over 70 regional champions from around the world for a $1 million grand prize, in the form of investment capital. Pegasus Tech Ventures founded the Startup World Cup.

About Harvard Alumni Entrepreneurs

Harvard Alumni Entrepreneurs, Inc. (HAE) is a volunteer-managed non-profit organization with 20 Chapters worldwide, connecting 17,000 Harvard alumni, faculty, students, and friends from across the University and throughout the world.

Since our beginnings, HAE has served as a meeting place for entrepreneurial alumni, students, faculty, and staff from all of Harvard’s schools.

For more information, please check out www.harvardae.org.

About Pegasus Tech Ventures

Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley with $2 Billion in assets under management. Pegasus offers intellectual and financial capital to emerging technology companies around the world. In addition to offering institutional investors a top-tier venture capital investment approach, Pegasus also offers a unique Venture Capital-as-a-Service (VCaaS) model for large, global corporations that wish to partner with cutting-edge technology start-ups. Some of the 35+ corporations that have partnered with Pegasus include ASUS, Aisin (Toyota), SEGA, Sojitz, and NGK/NTK. With funds from these corporate partners, Pegasus has invested in over 200 companies, such as SpaceX, Airbnb, SoFi, Doordash, 23andMe, Bird, Color, Carbon, and many more.

Pegasus also founded and sponsored the Startup World Cup, one of the world’s biggest and richest start-up competitions. Startup World Cup extends to over 70 countries across six continents, with a Grand Finale in Silicon Valley featuring a $1 million investment prize. The Startup World Cup aims to support regional innovation ecosystems and connect them to Silicon Valley.

For more information about Pegasus, please check out www.pegasustechventures.com.
For more information about Startup World Cup, please check out www.startupworldcup.io

BISTelligence & Adapdix form strategic partnership to accelerate the digital transformation journey for APAC customers

Manufacturing AI Provider BISTelligence Inks Deal with Silicon Valley’s Edge Automation Leader, Adapdix

SEOUL, South Korea and PLEASANTON, Calif., March 8, 2022 — BISTelligence, a leading supplier of manufacturing AI analytics solutions and services for high-tech and industrial manufacturers announced today that it has signed a strategic partnership agreement with Adapdix, a leading provider of edge automation software that combines autonomous control with its innovative DataMesh technology to create substantial manufacturing efficiencies and major cost savings for manufacturers.

BISTelligence will sell and support Adapdix’ solutions throughout the Asia-Pacific region. Based in Seoul, South Korea, BISTelligence has established a significant footprint in APAC built over 21 years. The company’s strong customer base, deep business relationships, and proven technology expertise in developing AI analytics solutions for high-tech and industrial customers provides a significant advantage for Adapdix. Based in Silicon Valley and founded in 2015, Adapdix offers edge computing-based solutions that integrate AI/ML technologies to create a fast, secure, and scalable platform for data collection, integration, and autonomous control on the edge at millisecond speeds.

“We are delighted to announce this partnership with Adapdix in which we will bring the unmatched value of the Adapdix-BISTelligence portfolio to manufacturers in South Korea, Japan, China and Southeast Asia,” commented W.K. Choi, CEO of BISTelligence. “Adapdix’ highly innovative EdgeOps™ platform with a rich set of data integration capabilities is a gamechanger for customers in APAC.”

“We are excited about our partnership with BISTelligence, an established and respected company in Asia that strengthens our technology portfolio and greatly expands our global footprint,” said Anthony Hill, CEO, Adapdix. “We can now expand the adoption of our EdgeOps™ platform to help APAC customers put their data to work and realize the full power of AI – vastly reduced production costs, and invaluable data insights that will accelerate their digital transformation journey.”

About BISTelligence
BISTelligence is headquartered in Seoul, South Korea with operations throughout Asia. 200+ employees around the world are focused on delivering leading-edge, data collection, data analytics solutions and consulting services that empowers manufacturers and their engineers to generate significant insights that eliminates unscheduled production stoppages caused by machine failures. By integrating the latest cloud, AI and IIoT technologies with its highly differentiated AI applications and mAI services, BISTelligence helps manufacturers achieve continuous optimization of plant and asset operations everywhere. For more information, visit www.bistelligence.ai

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About Adapdix
Adapdix provides an innovative software platform that enables autonomous systems for enterprises. The company’s customer centric EdgeOps platform powered by their DataMesh technology increases uptime of equipment, reduces supply chain and logistics cost, and enables autonomous operations. Founded in 2015, Adapdix is headquartered in Pleasanton, California – see www.adapdix.com.

Adapdix ushers in Industry 5.0 autonomous manufacturing with EdgeOps™, the first hybrid cloud platform with DataMesh technology

Built on Adapdix DataMesh technology, EdgeOps evolves how humans interact with machines and processes, delivering operational efficiency and cost savings

Pleasanton, CA – December 14, 2021 – Adapdix Corporation, the industry leader in autonomous systems, announces Adapdix EdgeOps™, a software platform that combines autonomous control with distributed DataMesh technology to enable autonomous manufacturing. It delivers high performance, substantial operational efficiencies, and cost savings for manufacturing businesses.

“What’s different about EdgeOps is that we are pioneering autonomous systems that make the enterprise adaptive, by enabling real-time equipment self-correction and optimization. With DataMesh technology at the core of our platform, we help companies uncover, understand, and recognize value from the data that they already generate,” said Anthony Hill, Founder & CEO at Adapdix. “The customers that we focus on – precision manufacturing and other industrial sectors – are generating large amounts of data at the edge. Manufacturing applications are particularly challenging because they require distributed data management and analysis that delivers insights in milliseconds. Additionally, EdgeOps provides our customers the ability to scale autonomous applications from the equipment to the enterprise level, delivering value never before realized. Ultimately, this approach helps customers execute their hybrid cloud strategy.”

For the last decade, manufacturers have embarked on a journey commonly referred to as Industry 4.0. While some have recognized gains from their efforts, many are stuck in “Pilot Purgatory.” Edge-to-cloud integration, remote connectivity, and autonomous manufacturing are far more than conceptual. These technological innovations are already upon us, and recent disruptions like the global chip shortage, supply chain delays, labor challenges, and COVID-19 have accelerated many of those dimensions. Today, manufacturers must ask what’s next. How can they meet their never-ending productivity goals and launch their facilities into the next industrial revolution – Industry 5.0 – where humans and machines interact seamlessly to optimize their operations?

“Recent disruptions have also served as a catalyst for innovation, growth, and business transformations,” said Ritu Jyoti, Group Vice President, Worldwide AI and Automation Research at IDC. “Combined with the ever-growing volume and complexity of data generated at the edge, operational leaders are searching for hybrid cloud solutions that can deliver real-time operational value while intelligently managing data across both edge and cloud endpoints. By integrating the technology of recently acquired Edge Intelligence into the EdgeOps platform, Adapdix now provides hybrid cloud software built to execute AI/ML at the edge combined with a next-generation distributed data management system enabling customers to maintain data where it’s generated, but query and analyze that data globally.”

Ushering in this Industry 5.0 vision, EdgeOps’ modern containerized architecture captures, stores, analyzes, and synchronizes data, delivering machine intelligence and autonomous control of advanced manufacturing environments – all in milliseconds. EdgeOps improves latency, security, privacy, and cost, by bringing applications to your data as opposed to requiring you to move your data to the application. Leveraging the power of our DataMesh to merge data of all types, EdgeOps bridges any data silos that may exist by linking events across multiple sources. This improves application performance, data quality, and contextualization, which forms the foundation for autonomous systems control.

The prescriptive optimization and autonomous control delivered by EdgeOps has delivered rapid and sustained ROI. For example, customers have measured a 45% reduction in equipment maintenance costs, downtime reduced by 50%, and 20% increases in throughput. Adapdix software is used by customers across a variety of industrial verticals, including top semiconductor manufacturers, to improve operational performance.

While some talk about data convergence, Adapdix enables true autonomous control and hybrid cloud data management. Get started in days and see ROI in weeks. This is the Adapdix difference. Visit Adapdix.com to free yourself from “Pilot Purgatory” and begin your Industry 5.0 journey.

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About Adapdix
Adapdix provides an innovative software platform that enables autonomous systems for enterprises. The company’s customer centric EdgeOps platform powered by their DataMesh technology increases uptime of equipment, reduces supply chain and logistics cost, and enables autonomous operations. Founded in 2015, Adapdix is headquartered in Pleasanton, California – see www.adapdix.com.

Pleasanton, CA – August 26, 2021 – Adapdix, the industry leader in Edge Automation software with its leading AI-Powered Automation technology, today announced a subsidized program to provide its customers with access to qualified data scientists in order to help overcome the worldwide shortage of skilled staff required for the implementation of Artificial Intelligence (AI) and Machine Learning (ML).

Adapdix is utilizing its existing group of skilled employees and advanced AI/ML edge modeling software to meet the robust customer demand for AI/ML projects. This much-needed resource is then made available to Adapdix customers at a subsidized rate of $5 per hour. No long-term commitment is required, meaning that anyone involved in an active proof of concept, pilot, or production deployment can benefit from the program.

“To help meet customer demand despite these skill shortages, we at Adapdix have launched a new program. This taps into the talent of Adapdix employees and an ecosystem of service partners that we’ve evaluated, trained, and certified to provide value,” said Anthony Hill, CEO at Adapdix. “This program involves only skilled, well-qualified people that work together with Adapdix employees, which ensures work quality remains high. By offering subsidized EdgeOps experts, we intend to help companies accelerate their digital transformation and raise their implementation of AI/ML to the next level.”

According to IDC, it is estimated that from 2020 to 2027, demand for data scientists will grow at a rate of 26.9% CAGR. QuantHub has been tracking the ongoing shortage and has found that in 2020 there was a shortfall of 250,000 data scientists, with 67% of companies taking steps to expand their data science teams.

Adapdix recently announced EdgeOps DataMesh™, the first product of its next-generation AI powered automation software platform EdgeOps™. Adapdix software is used by many customers throughout industry, including two of the top five semiconductor manufacturers, to improve their manufacturing performance. EdgeOps DataMesh™ overcomes the typical hurdles of real-time operational data management by performing data ingestion, pre-processing and edge inferencing in millisecond timeframes, thus enabling real-time analysis to improve operational efficiency and reduce downtime of high-value assets.

To learn more about Adapdix and how you can take advantage of this limited promotion, join our webinar on September 28th. Click here: www.adapdix.com/promotions/ to learn more and register for the webinar.”

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About Adapdix
Adapdix provides an innovative software platform for enterprises that optimizes Artificial Intelligence (AI) and Machine Learning (ML) at the edge. The company’s customer-centric EdgeOps platform increases uptime of equipment, reduces supply chain and logistics costs, and increases remote worker productivity. Founded in 2015, Adapdix is headquartered in Pleasanton, California – see www.adapdix.com.

Pleasanton, CA – August 16, 2021 – Adapdix, the industry leader in AI-powered automation software, announces that it has acquired Edge Intelligence, developer of the first geographically distributed data management platform for analytics built for both edge computing and hybrid cloud environments. Edge Intelligence’s data management platform ideally complements Adapdix’ EdgeOps™ AI/ML Data Mesh offering and will enable Adapdix to target additional new markets and expand its offering across the edge automation market. The combined EdgeOps and Edge Intelligence platforms will allow distributed AI and enterprise data management at the source of data creation. This enables Adapdix to offer true advantages of IT/OT convergence, cloud repatriation and federated learning for enterprises that have geographically dispersed data at the edge or in the cloud.

Anthony Hill, CEO at Adapdix, said, “Edge Intelligence has developed the leading distributed edge data management solution, with patented technology, and a sophisticated data analytics application targeting subscriber and cloud analytics. The addition of Edge Intelligence enables Adapdix to provide true IT/OT convergence, with full data virtualization, which for other providers is still only a theoretical concept. This acquisition allows Adapdix to address customers considering Cloud repatriation.”

Kate Mitchell, CEO at Edge Intelligence, said, “AI and data are essential partners, and with Edge Intelligence’s distributed database technology, Adapdix can now offer customers a single logical database for query and AI-powered analytics on IT and OT data. Edge Intelligence capability along with Adapdix Edge Ops AI and modeling platform allows for fully integrated, real-time AI at the source of data creation, which saves customers data transport, compute, and storage costs.”

“Today, far too many AI/ML solutions are one-offs, with the capabilities simply provided as an add-on feature. However, for AI/ML to reach its full potential, it must be built into the technology platform,” said Ritu Jyoti, Group Vice President, Worldwide AI and Automation Research at IDC. “With the acquisition of Edge Intelligence, Adapdix is further embracing this architectural shift by delivering a fully integrated platform for data ingestion, analytics, and AI/ML inference – while maintaining data at its source. By combining Edge Intelligence to the capabilities of their EdgeOps AI-powered automation platform, Adapdix is delivering on the promise of IT/OT data convergence.”

Adapdix recently announced EdgeOps DataMesh™, the first product of its next-generation AI-powered automation software platform EdgeOps™ that overcomes the typical hurdles of real-time operational data management. The Edge Intelligence acquisition enhances Adapdix’ DataMesh™ product with true distributed data management and allows users to query and store IT data along with their OT data. Performing data ingestion, pre-processing, and inferencing in milliseconds, EdgeOps DataMesh™ enables real-time analysis and control to improve operational efficiency and reduce downtime of highvalue assets. The software is already used by Fortune 500 customers, including several leading semiconductor manufacturers, to improve their operational performance

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About Adapdix
Adapdix provides an innovative software platform for enterprises that optimizes Artificial Intelligence (AI) and Machine Learning (ML) at the edge. The company’s customer-centric EdgeOps platform increases uptime of equipment, reduces supply chain and logistics costs, and increases remote worker productivity. Founded in 2015, Adapdix is headquartered in Pleasanton, California – see www.adapdix.com.

About Edge Intelligence
Edge Intelligence has developed the industry’s first distributed analytics platform built for both edge computing and hybrid cloud environments. Communication providers, enterprises and government entities can efficiently store, analyze and process all types of data across geographies without physically moving it. Edge Intelligence directly overcomes the challenges that must be addressed to instantly realize actionable insight from big data. Customers gain near real-time intelligence from data whether it is seconds or years old which is critical to success with their digital transformation efforts. To learn more, visit us at www.edgeintelligence.com.

2 of the top 5 semiconductor manufacturers among first-wave customers using Adapdix software to improve their advanced manufacturing performance, help overcome challenges of global chip shortage

Pleasanton, CA–(BUSINESS WIRE)—May 20, 2021 – Adapdix, the industry leader in adaptive enterprise software, today announced EdgeOps DataMesh^™, the first software-only product based upon its Adapdix EdgeOps™ platform, delivering mass data virtualization, analysis, and AI inference at the edge in milliseconds.

As a next-generation AI/ML product with data virtualization and analysis, DataMesh overcomes the typical hurdles of real-time operational data management by stitching together disparate data streams and performing data ingestion, pre-processing, and edge inferencing in milliseconds. DataMesh integrates all critical data streams for real-time analysis, enabling split-second decision-making for critical operations and reduced downtime of high-value assets with market-leading ease and speed of implementation.

EdgeOps DataMesh out-of-the-box AI/ML capabilities include KPI measurement, customizable dashboards, and an API. With a distinct edge-optimized architecture, DataMesh offers unique flexibility and systems integration capabilities that ease implementation and help overcome the typical edge AI challenges of data silos, latency, data security, and ballooning costs of edge-to-cloud data transfer. DataMesh users can quickly and easily feed data into new or existing tools and applications for a variety of use cases, including asset health observability and predictive maintenance.

“While others like to talk about “real-time,” we actually deliver it,” said Adapdix CEO Anthony Hill. “Because our platform operates at the source on the equipment and at ultra-low latency, we can ingest, pre-process, and analyze data integrating advanced AI applications – all in cycle time.

“With the ongoing worldwide chip shortage, semiconductor companies are urgently looking for ways to yield more from their existing resources and Adapdix software helps them achieve exactly that,” said Hill. “Several of our customers are already seeing phenomenal performance increases in equipment uptime and quality improvements—they are blown away that they can get up and running in less than a day and begin to see ROI within weeks.”

“Adapdix provides an innovative platform that allows enterprises to operationalize artificial intelligence across critical infrastructure to unlock new levels of productivity and streamlined processes,” said Andrew Byrnes, Director of venture capital at Micron. “As an early investor, Micron is pleased to see the launch of Adapdix EdgeOps, software that is designed to solve real-world enterprise challenges and is helping to make the promise of industry 4.0 a reality.”

The EdgeOps DataMesh release continues the market momentum Adapdix has built following the recently announced funding from WRVI Capital, SoftBank’s Opportunity Fund, Micron Ventures, and X2 Equity; as well as seasoned executives joining the team from Foxconn, Honeywell, Hitachi, and Amazon Web Services.

EdgeOps DataMesh is now available to interested companies in the semiconductor, high-tech, assembly, discrete and precision manufacturing industries. To learn more, visit Adapdix.com

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About Adapdix
Adapdix provides an innovative software platform for enterprises that optimizes Artificial Intelligence (AI) and Machine Learning (ML) at the edge. The company’s customer-centric EdgeOps platform increases uptime of equipment, reduces supply chain and logistics cost and increases remote worker productivity. Founded in 2015, Adapdix is headquartered in Pleasanton, California – see www.adapdix.com.