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Falkonry Named by Network World as One of the 10 Hottest AI-Powered IoT Startups

September 19, 2018

SUNNYVALE, Calif.--(BUSINESS WIRE)--Sep 19, 2018--Falkonry, Inc., the leading provider of operational machine learning for Global 2000 industrial companies, today announced that it was named by Network World as one of its “10 Hot AI-Powered IoT Startups.” As highlighted by Network World, Falkonry’s machine learning system, Falkonry LRS, is like a “data scientist-in-a-box,” meaning no data scientists are required and it can be used and managed by operations teams themselves. Customers using Falkonry LRS start recognizing value within three weeks of deploying the system, which has saved companies millions of dollars annually.

“Being selected for this coveted Network World award is a testament to the unique operational machine learning system our Falkonry team has developed and the significant results our customers are realizing,” said Dr. Nikunj Mehta, Founder and CEO of Falkonry. “Global 2000 companies across multiple industries are successfully using existing data and Falkonry LRS to improve their throughput, uptime, yield, safety and product quality.”

“Falkonry was a no-brainer for this startup roundup,” said Jeff Vance, founder of  Startup50.com  and a Network World contributor. “For a startup, their customer list is impressive. I’m also intrigued by their approach of applying feature learning and machine learning to large data sets in order to remove data scientists from the analytics workflow. For IoT to reach its true potential, AI, machine learning and automation are essential.”

Falkonry LRS is a ready-to-use operational machine learning system that transforms operational data into actionable insights. It discovers patterns from multivariate time series and other operational data, explains its findings and predicts critical events in industrial operations. This system is ideal for companies ranging from oil & gas, automotive, semiconductor, mining & metals, power & energy and industrial equipment. Customer use cases span predictive maintenance, production optimization, quality and safety improvements.

About Falkonry

Falkonry is the leading provider of operational machine learning for Global 2000 companies who are looking to achieve significant improvements in the throughput, quality and yield of their industrial operations. Falkonry’s ready-to-use machine learning system, Falkonry LRS, enables operations teams to discover patterns hidden in their existing operations data, apply predictive analytics and receive actionable insights, all without requiring data scientists. Falkonry LRS can be used directly by industrial practitioners, like a “data scientist-in-a-box,” and can be deployed both on-premises or in the cloud. For more information about Falkonry and its products, please visit www.falkonry.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005189/en/

CONTACT: Powelson Communications, Inc. for Falkonry

Kelly Karr, 408-718-9350

pr@falkonry.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE MANUFACTURING OTHER MANUFACTURING

SOURCE: Falkonry, Inc.

Copyright Business Wire 2018.

PUB: 09/19/2018 09:00 AM/DISC: 09/19/2018 09:01 AM

http://www.businesswire.com/news/home/20180919005189/en

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