Plug and Play select Arundo as one of 24 companies to join its fifth batch of IoT Startups.
Plug and Play IoT has selected 24 startups to join its fifth batch. The program will run from September 15th to December 31st.
The 12-week program connects startups to some of world's largest corporations innovating in the IoT space. The anchor partners in this batch include Philips, Panasonic, SC Johnson, Honeywell, Fujitsu, Henkel, and Caterpillar.
Plug and Play's venture arm initially looked at over 800 startups and narrowed that list down in collaboration with participating corporate partners. The remaining 31 startups attended Selection Day where they pitched their ideas in-person. Out of those finalists, 24 have been chosen to join the program for business development and the possibility of pilots, POCs, or strategic funding.
See Arundo pitch at the Internet of Things EXPO on December 15th, 2016.
Arundo Analytics is a global provider of analytical and predictive solutions that raise asset utilization and performance in industrial companies. Arundo's DeepQ product uniquely integrates sensor and transactional data to drive deep insight into historical equipment and maintenance performance. Arundo's real time predictive product, LiveQ, helps clients reduce maintenance costs, avoid unexpected outages and ultimately improve revenue assurance through a multi-layered use of patented machine learning techniques. SocialQ is a cross asset, even cross company, rapid, data driven problem solving collaboration tool that enhances workflow, makes operational work more efficient and ultimately improves production.
With offices in Houston, Oslo and Palo Alto, Arundo brings together an experienced team with deep enterprise technical, data science and domain expertise. www.arundo.com
About Plug and Play Tech Center
Plug and Play Tech Center is a global innovation platform. We connect startups to corporations and invest in over 100 companies every year. Since inception in 2006, our programs have expanded worldwide to include entrepreneurs from 24 countries, providing necessary resources to succeed in Silicon Valley. With over 6,000 startups and 126 official corporate partners, we have created the ultimate startup ecosystem in many industries. Plug and Play provides active investments with 180 leading Silicon Valley VCs, and more than 365 networking events per year. Companies in our community have raised over $3.5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit:http://www.plugandplaytechcenter.com