Cloudvidia Invests in Utvyakta for Software and Platforms to Expand Reach of Industry 4.0
Cloudvidia, Software as a Service (SaaS) provider for small and medium manufacturers, to invest in Indian Industrial IoT company Utvyakta
Cloudvidia, a global Software as a Service (SaaS) provider of Industry 4.0 solutions, announced it is investing in industrial IoT software technology provider, Utvyakta Solutions, specializing in predictive maintenance and energy optimization solutions, operating in India, Sweden and the US. Cloudvidia is also to join Utvyakta’s board of directors with the transaction. The partnership will deliver Cloudvidia foundational technology for solution creation for its target market of small and medium sized electronics manufacturers.
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The partnership positions Cloudvidia to execute a new approach to Industry 4.0 enablement involving a combination of accessible licensing and charging models designed to remove the front-loading of investments typically associated with industrial automation systems.
- Deployment and lifecycle costs are better aligned with constraints for small-medium size manufacturing operations, eliminating the need for debt financing or major investments
- Building-block solution framework for specific needs and priorities of each client expediting time-to-savings
- Phased Implementation approach delivers dashboards and metrics quickly; and as data sets accumulate, predictive analytics and other AI features follow
- AI and ML based solutions
“The Cloudvidia operating model is a game-changer for what is next in Industry 4.0” said Akshay Ramachandran, Utvyakta Solutions’ founder and chief executive. “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.”
“We are elated to announce this collaboration with such visionary innovators as Utvyakta Solutions” said Helena Gurusamy, Cloudvidia’s founder and chief executive. “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.”
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