CNH Industrial Joins 5G Open Innovation Lab As First Industry partner Lab Announces Batch #4 Companies
New industry partner accelerates applied innovation in manufacturing and agriculture. Cybersecurity, artificial intelligence, industrial IoT, connected cars, edge computing, smart cities among advanced solutions offered by startups selected for 4th Batch program
CNH Industrial has joined the 5G Open Innovation Lab as the first industry partner to rapidly accelerate applied innovation in agriculture and manufacturing, the Lab announced. The Lab also today welcomed 12 new startups building breakthrough innovations, from deep learning technology for automotive vision to new cybersecurity platforms, artificial intelligence voice technology infrastructure, wildfire detection systems and more.
CNH joins founding and corporate partners Accenture, Amdocs, Avanade, Dell Technologies, Ericsson, F5, Intel, Microsoft, Spirent, T-Mobile and VMware. The 5G OI Lab’s partner centric approach to applied innovation brings together leading startup innovators, global technology platforms, and industry leaders to collaborate on the rapid development and deployment of next-generation technology and business solutions.
CNH Industrial is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defense and civil protection; and FPT Industrial for engines and transmissions.
“We are incredibly excited to join the 5G Open Innovation Lab as their first industry partner for precision agriculture. This unique platform enables us to collaborate with innovative startups and engage with bright minds working on transformative 5G technologies in the agricultural space,” said Scott Wine, Chief Executive Officer, CNH Industrial. “This partnership underscores our commitment to aggressively enhance our precision farming portfolio through the development of new connected digital technologies that allow our customers to unlock their farms’ true potential.”
Said Jim Brisimitzis, Founder & General Partner, 5G OI Lab, “We have always seen 5G & edge as critical enablers for leading industrial enterprises. Today’s announcement with CNH Industrial accelerates our goal of connecting innovators to enterprises building value on global platforms supported by 5G OI Lab founding and corporate partners.”
The Lab also announced the selection of 12 startups for its fourth batch to participate in the global applied innovation ecosystem. During the 12-week program, startups work closely with the partners to accelerate monetization opportunities of 5G, edge computing and other use cases and solutions to fuel the global enterprise move to digital (Industry 4.0). The partners provide business and technology assets, resources, and mentorship.
Participating startups from around the world were selected for the exclusive program through a rigorous screening process that seeks to identify the most compelling use cases for various industries from agriculture to health care. They range from more mature Series C companies looking to capitalize on their early successes and fast-track their growth and market leadership to early-stage startups who have secured Series A and B financing with established revenue streams and product. The new batch members have cumulatively raised $203.9 million in investments to date. Since the 5G OI Lab’s first Batch in May 2020, 69 teams have participated in the program raising over a half a billion dollars in pre-program funding with 10 teams raising an additional $107.9 million in venture funding post-program.
The 12 companies selected to participate in the Fall 2021 12-week program are developing solutions encompassing a broad range of technologies including AI, advanced driver assist systems, cybersecurity, IoT, natural language processing and advanced wildfire fighting technology.
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