Lafayette-based Alchemy IoT, which has developed a suite of tools that use artifical intelligence and the internet to track assets and help improve their functionality and return on investment, has launched, using $4 million in funding from Aweida Venture Partners and several other local investors.
The product suite, known as Clarity, uses a “no-code” approach designed to help simplify fleet management, plant maintenance and manufacturing performance. The product is geared to small and mid-sized industrial customers.
“The promise of artificial intelligence, machine learning and industrial IoT are very real, but so too are the challenges smaller organizations face when trying to adopt and gain value from these new technologies,” said Victor Perez, CEO for Alchemy IoT. “Too many of today’s IoT solutions require a massive budget and an extraordinary amount of customization to even getting started – we aim to disrupt and change that.”