SmartCloud, Inc. announced today that it received a $3 million strategic investment from Rockwell Automation (NYSE: ROK) to increase SmartCloud’s Big Reasoning platform applications. Silverwood Partners initiated this transaction and acted as the exclusive financial advisor to SmartCloud.
“We are pleased to work with Rockwell Automation, the world’s largest company dedicated to industrial automation and information,” said Kim Mayyasi, SmartCloud CEO. “They will help reinforce our market position and mission to become a leading provider of real-time xStream reasoning solutions for mission critical environments and the Industrial Internet of Things.”
“As remote monitoring of intelligent motor controls and other Internet-connected devices grows in demand, we believe that SmartCloud’s technology and expertise will help us analyze data more efficiently to support real-time decision making using predictive analytics,” said Gary Pearsons, Rockwell Automation vice president of customer support and maintenance.
SmartCloud, founded in 2009, has developed technology that unifies stream processing, Semantic Web, and multi-agent architectures in its CRex™ platform. “We solve the challenges of real-time data processing in Big Data environments with Big Reasoning,” said Mike Barnett, executive vice president of SmartCloud’s knowledge engineering.
“Our Big Reasoning platform is the next generation of Big Data technology, namely using artificial intelligence to control complex actions in real time. Depending on the environment, our agent architectures can deploy reasoning power anywhere it’s needed – on devices such as smart meters and smart phones, a company’s servers, or in the cloud,” said Steven Fraleigh, SmartCloud’s chief technology officer.
SmartCloud gained notice in the Smart Grid market when it implemented the nation’s first situation awareness system to monitor North America’s bulk power system and alert staffs at the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp. (NERC) about emerging situations that could impact reliability. The system takes real-time data from 30,000 data points and identifies and displays critical trends. In 2011, SmartCloud was named a Gartner “Cool Vendor in Energy and Utilities” for its unique technology.
“SmartCloud provides the intelligent infrastructure needed in today’s extreme mission-critical applications,” said Paul Lindenfelzer, SmartCloud’s executive vice president of sales and operations. “Working with Rockwell Automation is another significant step in the company’s evolution.”
SmartCloud, Inc. of Bedford, Massachusetts, was founded in 2009 by four veterans of the process control and artificial intelligence industries. Our mission is to become a leading provider of real-time Big Reasoning solutions for mission critical environments and the Industrial Internet-of-Things.
For more information, visit www.BigReasoning.com
About Rockwell Automation
Rockwell Automation, Inc., (ROK) the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs over 22,000 people serving customers in more than 80 countries. For more information, visit www.rockwellautomation.com.