Optio3 Selected to the Prestigious Plug and Play IoT Winter 2019 Program
Optio3, the leader in workflow automation and hyperscale cloud solutions for operationalizing industrial IoT, has announced that it will be participating in Plug and Play’s Winter 2019 IoT program in Silicon Valley.
Of the hundreds of applicants, Optio3 was one of 20 companies selected to participate in Batch 11. Inclusion in this program enables Optio3 to work directly with Plug N Play corporate sponsors to address opportunities to help them accelerate their digital transformation efforts.
“Optio3 is one of the outstanding companies in our Winter 2019 IoT cohort. This year’s Batch 11 was the strongest yet across Mobility, IoT and Real Estate & Construction,” said Sobhan Khani, VP at Plug and Play.
“We are honored to be selected to participate in IoT Batch 11. Plug and Play strictly curates their batches and the companies that pass muster with Plug and Play’s prestigious sponsors have a strong track record of innovation and scaling to success. The value proposition for companies like ours is compelling,” said Sridhar Chandrashekar, co-founder and CEO of Optio3.
As IoT sensors proliferate and OEMs develop more and more closed solutions for sharing data in the cloud, asset owners are bombarded with data overload, duplicative dashboards, islands of data, and ensuing data harmonization and analytics challenges. Optio3’s heritage in making data visible and driving enterprise workflow automation is the key ingredient in the company’s rapid expansion. “We built hyperscale cloud solutions for IT operations management and enterprise workflow automation at Microsoft and ServiceNow. We are doing the same for the massive but immature IIoT market. Our customers in commercial real estate, commercial transportation, and remote electrification are experiencing proven ROI and gaining competitive advantage,” explains Chandrashekar.
IoT Batch 11 comes to a close on December 3rd, when all companies will pitch in front of investors and leaders in innovation and tech within top corporations. The “Winter Summit” marks the culmination of the 3-month program and brings together the most prominent players in the IoT ecosystem, including all participating companies, investors, brands, and more.