Mar
29
2017
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GE invests $2 million in Alchemist Accelerator to back industrial IoT startups

 Alchemist Accelerator has raised $2 million from GE Digital to start a new program for industrial IoT startups. Stanford lecturer Timothy Chou, formerly President of Oracle On Demand, will chair Alchemist’s new IIoT accelerator along with GE Digital’s West Coast group. In the past, enterprise hardware and software startups were seen as capital intensive, with the challenge of… Read More

Written by in: alchemist accelerator,artificial intelligence,Enterprise,Fundings & Exits,GE Digital,IIoT,Industrial Internet of Things,Khozema Shipchandler,Ravi Bellani,robotics,Startups,Timothy Chou,Venture Capital,Zend Developer |
Nov
15
2016
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GE acquires Wise.io to deepen its machine learning stack

View of the logo at the entrance of General Electric (GE) Celma, GE's aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil on June 8, 2016. / AFP / YASUYOSHI CHIBA GE Digital today announced that it has acquired Wise.io, a machine-learning powered service that helps businesses find patterns and trends in their vast data stores. At first glance, that may seem like an odd acquisition for a company like GE. It’s important to keep in mind, though, that with Predix, GE already offers its customers a service that focuses on helping them monitor their… Read More

Written by in: acquisition,artificial intelligence,Bit Stew,Cloud,Enterprise,Fundings & Exits,GE Digital,General Electric,machine learning,servicemax,TC,wise.io,Zend Developer |

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