Cloudvidia will also join the Utvyakta Board of Directors in the deal. The collaboration will include the Cloudvidia foundational solution development technology for its target market for small to medium-sized electronics manufacturers.
FREMONT, CA: Cloudvidia, a leading supplier of Industry 4.0 technologies for Software as a Service (SaaS), announced that it is investing in Utvyakta Solutions, an industrial IoT software application provider specializing in predictive maintenance and energy optimization solutions based in India, Sweden, and the United States. Cloudvidia will also join the Utvyakta Board of Directors in the deal. The collaboration will include the Cloudvidia foundational solution development technology for its target market for small to medium-sized electronics manufacturers.
"The Cloudvidia operating model is a game-changer for what is next in Industry 4.0," said Akshay Ramachandran, Founder, and Chief Executive, Utvyakta Solutions. "We have been working with Cloudvidia for nearly a year now, leveraging our technology to develop what is really a unique framework in the industrial automation solution space."
The alliance places Cloudvidia to introduce a modern approach to Industry 4.0 enablement featuring a mix of open licensing and charging models intended to eliminate the frontloading of investments usually associated with industrial automation systems.
• Deployment and life-cycle costs are more matched with restrictions on small-medium production activities, reducing the need for debt funding or large investment.
• Building-block approach structure for each client's unique requirements and goals to increase time-to-savings.
• The phased deployment strategy provides dashboards and metrics quickly, and as cumulative data sets, predictive analytics, and other AI functionality follow.
• Solutions focused on AI and ML.
"We are elated to announce this collaboration with such visionary innovators as Utvyakta Solutions," said Helena Gurusamy, Founder and Chief Executive, Cloudvidia. "Our SaaS solution creation model is predicated on leveraging bright, upcoming technologies like Utvyakta's, integrated under the Cloudvidia umbrella to deliver smart factory outcomes exceeding industry standards while remaining cost-accessible to small and medium manufacturers."