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.
