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The world is entering a new age of clean technology manufacturing, and countries’ industrial strategies will be key to success – News

The vitality environment is at the dawn of a new industrial age – the age of clean up power engineering producing – that is generating major new marketplaces and thousands and thousands of work but also increasing new dangers, prompting nations around the world throughout the world to devise industrial procedures to safe their place in the new world wide electrical power financial state, according to a key new IEA report.

Energy Technologies Perspectives 2023, the latest instalment in just one of the IEA’s flagship series, serves as the world’s first world wide guidebook for the clean know-how industries of the potential. It supplies a extensive evaluation of global production of clean energy systems these days – such as solar panels, wind turbines, EV batteries, electrolysers for hydrogen and warmth pumps – and their provide chains around the world, as properly as mapping out how they are very likely to evolve as the clean up power transition advances in the yrs forward.

The evaluation exhibits the global current market for important mass-produced thoroughly clean power systems will be truly worth all around USD 650 billion a 12 months by 2030 – additional than three moments today’s level – if international locations around the globe totally put into action their announced electricity and local climate pledges. The related clean energy producing employment would far more than double from 6 million these days to virtually 14 million by 2030 – and further more fast industrial and work development is envisioned in the subsequent decades as transitions development.

At the identical time, the recent provide chains of clean power technologies present dangers in the sort of higher geographic concentrations of useful resource mining and processing as well as technological innovation producing. For technologies like photo voltaic panels, wind, EV batteries, electrolysers and heat pumps, the a few major producer international locations account for at the very least 70{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of manufacturing capability for just about every technological know-how – with China dominant in all of them. In the meantime, a good offer of the mining for critical minerals is concentrated in a small selection of nations. For example, the Democratic Republic of Congo makes about 70{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of the world’s cobalt, and just three countries – Australia, Chile and China – account for far more than 90{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of world wide lithium generation.

The world is previously observing the pitfalls of limited offer chains, which have pushed up cleanse energy engineering costs in the latest decades, making countries’ thoroughly clean strength transitions additional tricky and pricey. Increasing rates for cobalt, lithium and nickel led to the first ever increase in EV battery selling prices, which jumped by approximately 10{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} globally in 2022. The price of wind turbines exterior China has also been climbing right after several years of declines, and very similar trends can be found in solar PV.

“The IEA highlighted practically two years in the past that a new global energy financial state was emerging promptly. Currently, it has become a central pillar of economic tactic and just about every nation needs to establish how it can advantage from the prospects and navigate the problems. We’re speaking about new thoroughly clean strength know-how marketplaces worth hundreds of billions of bucks as properly as tens of millions of new careers,” said IEA Government Director Fatih Birol. “The encouraging information is the world project pipeline for clear vitality technology producing is big and escalating. If every little thing announced as of right now will get crafted, the expenditure flowing into producing clear power technologies would provide two-thirds of what is necessary in a pathway to web zero emissions. The current momentum is relocating us nearer to assembly our global electrical power and climate plans – and there is just about unquestionably additional to arrive.”

“At the very same time, the entire world would gain from extra diversified thoroughly clean technological know-how provide chains,” Dr Birol additional. “As we have viewed with Europe’s reliance on Russian gasoline, when you depend far too much on one organization, one region or 1 trade route – you danger shelling out a hefty price tag if there is disruption. So, I’m pleased to see lots of economies all around the globe competing now to be leaders in the new energy financial system and generate an enlargement of clear engineering production in the race to net zero. It’s crucial, nevertheless, that this competitors is good – and that there is a healthful diploma of global collaboration, because no region is an power island and energy transitions will be extra highly-priced and gradual if countries do not do the job collectively.”

The report notes that important economies are acting to incorporate their local climate, electricity stability and industrial insurance policies into broader tactics for their economies. The Inflation Reduction Act in the United States is a obvious example of this, but there is also the Healthy for 55 offer and REPowerEU strategy in the European Union, Japan’s Eco-friendly Transformation programme, and the Production Connected Incentive plan in India that encourages production of photo voltaic PV and batteries – and China is doing the job to fulfill and even exceed the plans of its latest 5-12 months Program.

Meanwhile, clear electricity project developers and buyers are watching intently for the guidelines that can give them a competitive edge. Relatively limited lead periods of around 1-3 many years on typical to convey production services on the internet suggest that the venture pipeline can develop rapidly in an surroundings that is conducive to investment. Only 25{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of the announced manufacturing initiatives globally for solar PV are beneath development or beginning construction imminently, in accordance to the report. The quantity is all around 35{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} for EV batteries and fewer than 10{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} for electrolysers. Federal government procedures and marketplace developments can have a significant influence on where the rest of these tasks finish up.

Amid the regional ambitions for scaling up manufacturing, ETP-2023 underscores the important job of international trade in clear electricity know-how source chains. It exhibits that virtually 60{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of photo voltaic PV modules made globally are traded across borders. Trade is also critical for EV batteries and wind turbine factors, despite their bulkiness, with China the major web exporter nowadays.

The report also highlights the certain worries connected to the crucial minerals essential for lots of clean electricity technologies, noting the long direct periods for producing new mines and the will need for powerful environmental, social and governance specifications. Provided the uneven geographic distribution of significant mineral sources, intercontinental collaboration and strategic partnerships will be essential for making certain safety of source.

Printing the future: New factory tech reshapes the U.S. industrial economy

DEVENS, Mass., Sept 21 (Reuters) – The huge devices churning out steel pieces on this manufacturing facility floor do not bang or clang – or make any other noise ordinarily affiliated with hefty-obligation producing.

They hum.

“It sounds like a knowledge heart in listed here,” claimed John Hart, a co-founder of VulcanForms, a start off-up 3D printing corporation that grew out of his study at the nearby Massachusetts Institute of Technologies and provides a glimpse of how the Biden administration would like to reshape the U.S. industrial financial state.

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VulcanForms, which recently lifted $355 million in venture funding, exemplifies the form of producing – chopping edge, clean up, futuristic – that demands to flourish to obtain that ambition.

A wave of govt initiatives, which includes billions earmarked for semiconductor factories and other superior systems, have raised the profile of the manufacturing unit sector in a way few believed doable not prolonged in the past. Some suggest the United States is poised for a production renaissance, aided by what is rising as a de facto industrial plan, an economic enhancement method in wide use in several areas of the environment but mostly absent in the United States where no cost marketeers who see it as picking winners and losers have extensive held it at bay.

Now even many Republicans whose opposition to this sort of “central preparing” tactics was extensive a defining celebration trait have thrown their hats into that ring in the wake of Donald Trump’s ascendancy as their chief and his unapologetic “The usa-very first” watch.

Bitter partisanship has held lots of of them important of Biden’s evolving technique, but considering the fact that Trump’s visual appearance on the scene they have embraced iterations of their individual, these types of as backing millions in general public cash for FoxConn’s faltering superior-tech plant in Wisconsin.

VulcanForms builds steel parts by layering on and fusing alongside one another elements little bit by little bit — instead than reducing them out of blocks of metallic or stamping them out in steel foundries.

Therefore the hushed production flooring. Every single of the 10 devices lined up at the VulcanForms manufacturing facility funnels jointly 150 independent laser beams into a sealed box, exactly where a mechanical gantry sweeps again and forth at large velocity, environment down levels no thicker than a human hair as it sorts components. The factory has built every thing from medical implants and gun suppressors to tire molds and laptop or computer cooling products. VulcanForms provides components for a dozen protection plans, including the F3 Joint Strike Fighter jet.

Greg Reichow, a former Tesla Inc. manufacturing chief and general companion with Eclipse Ventures, the non-public-equity enterprise that invested in VulcanForms, claimed factories like this ought to enable keep away from the source chain shocks viewed in the previous two yrs, when several companies struggled to get areas from factories overseas through the pandemic.

“You can build sections for phones 1 day, aerospace pieces the upcoming day,” reported Reichow, “so this drastically increases the efficiency and velocity of producing.”

PIECEMEAL Procedures

To be positive, the U.S. approach to bolstering industries this sort of as additive production falls much quick of the all-in procedures of a competitor like China. U.S. guidelines continue to be additional piecemeal – focusing on funding that could quickly fall absent under a foreseeable future administration – and held back by the expectations of U.S. private sector traders. U.S. investors usually desire larger returns on investments than their counterparts in other components of the globe, restricting how considerably even generous federal government subsidies can steer choices on new plants.

The Biden administration in May possibly announced an initiative with five large brands, together with Honeywell Global Inc. and Raytheon Technologies Corp., to persuade the use of additive technologies among all those companies’ scaled-down- and medium-measurement suppliers. The program, dubbed Additive Manufacturing Forward, is voluntary and involves a pledge from the big organizations to assist teach the personnel at their supplier organizations in the use of the new technology.

Additive manufacturing fits the administration’s pledge to promote “eco-friendly” industries, since the technologies can reduce the cost of products by 90{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} and lower strength use in 50 percent.

But it continues to be a relatively narrow phase. Additive production was once considered much too slow, pricey, or imprecise for total-blown production in factories. But as the technologies has innovative, far more corporations have commenced applying it to make completed elements. General Electric powered Co., for occasion, utilizes 3D printers to churn out gas nozzles that go into the engines on Airbus and Boeing jets.

The market for 3D printing in North America is approximated at $3.1 billion, nevertheless it is projected to develop virtually 20{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} a yr by the relaxation of this decade, in accordance to a research by Grand Look at Exploration, a industry exploration and consulting organization.

VulcanForms grew out of a 2013 graduate class on additive producing at MIT, taught by Hart and where by Martin Feldmann – the company’s CEO – was a pupil. Feldman claimed the announcement by GE about creating nozzles was one particular of the factors that inspired him to imagine the know-how was poised for a leap ahead.

VulcanForms is exceptional among 3D printing businesses in that it builds its personal proprietary machines – which it will not sell to other producers – and employs them to make sections for its customers.

“Producing elements is a substantially far better enterprise than promoting machines,” mentioned Hart, who included that by outsourcing production to VulcanForms, a client gets the benefits of 3D printing devoid of having to invest in a new technological innovation and retain the services of people experienced in utilizing unfamiliar equipment.

The corporation is growing swiftly, with plans to double the amount of 3D printing equipment at the Devens manufacturing unit by the conclusion of this yr.

The business also a short while ago purchased a nearby equipment store that uses standard devices to make metal components — a recognition that numerous parts asked for by buyers will have to have processing over and above just 3D printing, these as polishing the finished parts.

(This story corrects spelling of Feldmann in paragraph 18)

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Reporting by Timothy Aeppel
Editing by Dan Burns and Andrea Ricci

Our Criteria: The Thomson Reuters Have confidence in Ideas.

CNH Industrial Ventures established to accelerate new technology adoption and nurture disruptive innovation

CNH_Industrial_Ventures

By way of this new initiative, the Company results in a framework for its current strategic investments and invites inventive and promptly rising firms to be part of in shaping the potential of agriculture and construction.

London, February 22, 2022

CNH Industrial (NYSE: CNHI / MI: CNHI) announces the development of its strategic expense arm, CNH Industrial Ventures. This is a further more step in the Company’s revolutionary sector part to accelerate time-to-marketplace for important innovations that will enhance customer efficiency and advance its ESG targets. With the aim of strengthening the Company’s place as an innovation leader in the agriculture and building segments, these investments and collaborations will target on parts including Alternate Propulsion, Electronic, Autonomy, Robotics and other applicable disruptive technologies.

CNH Industrial Ventures is the newest implies by which the Business seeks to capitalize on its impact and know-how to draw in collaboration with tomorrow’s massive thinkers, supplying obtain to abilities and assets. Strategic investments in digital and know-how startups have and will proceed to help the Company’s natural capabilities and merchandise supplying, while making it possible for it to straight have interaction in locating new shopper-struggling with solutions. In turn, CNH Industrial supplies demonstrated benefit in supporting the market validation and growth of its associates.

“The start of CNH Industrial Ventures is an exciting milestone that further boosts our dedication to innovation,” mentioned Michele Lombardi, Senior Vice President of Corporate Development at CNH Industrial. “With a robust partnership method in brain, we aim to leverage our in depth competencies, current market reach and asset base to assistance speedily escalating providers that are redefining the long run of agriculture and design. This construction will proceed to develop our skill to increasingly deliver consumer-impressed innovation, boosting their noble work of feeding and creating a far more sustainable globe.”

CNH Industrial Ventures builds on present and productively executed minority stake investments with the pursuing companions: Augmenta , United states / Greece Bennamann, United Kingdom Gearflow, United states of america Geoprospectors, Austria Monarch Tractor, United states of america The Westly Group, United states Zasso, Switzerland / Brazil.

A lot more facts on CNH Industrial Ventures is accessible at: bit.ly/CNH_Industrial_Ventures

CNH Industrial (NYSE: CNHI / MI: CNHI) is a entire world-course gear and companies organization that sustainably advances the noble do the job of agriculture and development employees. The Company presents the strategic direction, R&D capabilities, and investments that permit the achievement of its five main Brand names: Situation IH, New Holland Agriculture and STEYR, supplying 360° agriculture programs from machines to implements and the electronic systems that enhance them and Situation and New Holland Design Equipment delivering a full lineup of construction solutions that make the industry a lot more productive. Throughout a background spanning around two generations, CNH Industrial has normally been a pioneer in its sectors and proceeds to passionately innovate and generate consumer efficiency and success. As a certainly worldwide enterprise, CNH Industrial’s 35,000+ personnel sort element of a various and inclusive workplace, focused on empowering prospects to grow, and make, a far better planet.

For additional info and the latest money and sustainability reports stop by: cnhindustrial.com

For information from CNH Industrial and its Manufacturers take a look at: media.cnhindustrial.com

Media contacts:

Rebecca Fabian Anna Angelini
North The united states United Kingdom
Tel. +1 312 515 2249 Tel. +44 ()7725 826 007

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New Industrial Automation Technology Start-Ups to Watch

In the world of automation, many technology providers are well-known names—at least to purchasers in the manufacturing and processing industries. But the rise of industrial digitalization has led to a large number of new companies entering the automation technology scene. These companies are targeting analytics and other software-related issues, developing new hardware devices, and increasingly combining hardware and software technologies to create smart devices.

As a follow-up to our last article exploring new technology start-ups to watch, we give you the lowdown on eight new start-up companies to keep your eye on.

ADISRA’s name is inspired by the six concepts of resilience outlined in Judith Rodin’s book, “The Resilience Dividend”: Aware, Diverse, Integrated, Self-Regulating, and Adaptive. ADISRA was started by serial entrepreneurs who wanted to address the void they saw in the market for cost-effective digital transformation technologies targeted at smaller companies. Ernest Roland is chairman and Marcia Gadbois is president and general manager. Roland has been involved in the founding of several successful start-ups, such as CRISP Factory Automation software based on the OpenVMS operating system and InduSoft HMI and SCADA for mobile and web devices. Gadbois was the president of InduSoft, which was acquired by Invensys in 2013 before Invensys was acquired by Aveva in 2014.

ADISRA offers a building block approach to digital transformation via its ADISRA SmartView HMI and SCADA package designed for data collection and real-time analytics on edge devices. Gadbois said HMI and SCADA packages are evolving to offer users not just visualization and traditional HMI/SCADA functions, but analytics as well. “This added capability enables plant personnel to quickly and accurately make decisions about their process, helping them improve product quality, production rates, and safety, while addressing regulatory and compliance issues,” she said.

In addition to SmartView, ADISRA offers InsightView, a cloud-based OEE (overall equipment effectiveness) and analytics platform, which can be accessed via mobile, web, HMI, and desktop devices; and ADISRA KnowledgeView, a cloud-based proactive approach to quality and maintenance. Gadbois said KnowledgeView uses “advanced analytics and machine learning to localize potential equipment or quality malfunctions as early as possible to avoid the need for more reactive and complex maintenance or quality activities.”

ADISRA is a self-funded, privately held company. Gadbois said the company’s principal investors are the founders and its customers. The company focuses on small-to-mid-market discrete manufacturers with customers in industries ranging from automotive manufacturing to machinery OEMs to food and beverage and pharmaceutical manufacturers. Gadbois said ADISRA focuses on companies “looking for cost-effective solutions that are easy-to-deploy without the burden of an expansive IT support staff.

In 2016, Delft Robotics (founded by Professor Martijn Wisse in 2014 as a spin-off from the Netherlands’ Delft University of Technology) participated as a robotics integrator in the Amazon Picking challenge and won the competition—mainly due to its ability to apply deep learning. This led the company to pivot towards developing a deep-learning computer vision software product and re-branding as Fizyr in 2017.

According to the company, Fizyr means “scope” in Dutch, and the deep learning software the company provides has a broad scope of capabilities when it comes to picking up a variety of parcels. The Fizyr software enables robots to react to different packages as well as how they are stacked via a neural network of images.

Fizyr designs, builds, and installs the standardized computer vision software which is licensed to system integrators who build pick-and-place robotic cells to install in end user facilities. “Just as the camera and gripper are the eyes and arms of a robot, the vision software is the brain that analyzes the image and enables the robot to move accordingly,” said Fizyr CEO Herbert ten Have. “Fizyr’s cutting-edge software is a plug-and-play modular product providing picking-and-placing solutions in harsh logistics environments.”

Among other uses, this software can be targeted for e-commerce applications, in which the items to be picked can have great variation in terms of size, material, color, and placement—all of which are attributes for which traditional logistics systems often cannot account. That’s why the adoption of technologies such as artificial intelligence (AI) and deep learning have the potential to alleviate common picking difficulties. Fizyr’s neural network is trained to classify an item, strategize the pressure required to pick the object, and propose the best possible grasp poses to select the item.

This capability also helps solve another challenge faced by industry—the labor shortage and heavy reliance on human pickers to do repetitive tasks. Companies like Fizyr support human operators by taking on repetitive activities and letting the humans focus on value-adding tasks.

After learning that many companies manage their robots with various, cobbled-together technologies, Florian Pestoni, CEO, and Julian Cerruti, chief technology officer, founded InOrbit to address the common barriers to growth in robot operations.

InOrbit offers an artificial intelligence-powered, cloud-based, robot management platform that enables robotics companies and operators to develop, deploy, and orchestrate autonomous robots at global scale. According to InOrbit, its platform provides tools for effective fleet management observability, data analytics, and robot operations at scale. The goal of InOrbit is to help companies manage and optimize their robot fleet, whether it’s a handful of robots at a single site, or thousands of robots from various vendors across multiple locations.

Cerruti worked with robotics at Willow Garage, Savioke, and Clearpath, while Pestoni is a software engineer who transitioned to product responsibility at Microsoft and Facebook. Pestoni is also the organizer of the Robot Operations Working Group, a non-profit expert-driven community group dedicated to promoting effective robot operations.

The company’s latest funding round of $2.6 million was led by Animo Ventures, with participation by Yamaha Motor Ventures & Laboratory Silicon Valley, and Kärcher New Venture.

Pestoni said InOrbit has “numerous customers to date and serves a variety of industries in the emerging robotics space—ranging from supply chain and logistics to cleaning, retail, agriculture, and food services.

Digitized industrial data is extremely valuable. The problem is, there’s too much data to collect and clean to quickly digitize it and enable its value-creating potential. Creating a business search engine for machine data to streamline this process is what senseering is doing. The idea for a data sharing platform took place in 2016 following the Ph.D. thesis of senseering founder Dr. Daniel Trauth, who explored the limits of an AI algorithm developed on a machine. In 2018, Trauth created senseering, a company dedicated to capture the missing machine data needed for effective data analyses.

“We have developed a platform for high-frequency IoT (Internet of Things) data based on Gaia-X and IOTA,” explained Trauth. Gaia-X is a project initiated by European representatives of business, science, and politics to create the next-generation data infrastructure. The IOTA Foundation is a non-profit organization developing the next-generation secure protocol layer for IoT.

Senseering’s platform looks at IoT data like a search engine. It is designed to find and access the right IoT data at the right time. “Our IoT platform allows data to be found, shared, aggregated, and monetized across the globe so that every data scientist has access to the best data at any given time,” said Trauth.

According to Trauth, senseering’s roots are in mid-sized B2B manufacturing companies. Recently, however, companies in the smart cities, smart building, supply chain, chemistry, and food sectors have also become interested in cross-silo data exchange and global collaboration on shared data. To that end, senseering has now processed more than 100 billion high-frequency datasets from more than 15 industrial clients.

In 2020, the German federal government’s largest and first AI innovation competition awarded senseering with equity-free funding of more than $910,000.

Noodle.ai was launched with a vision of combining advanced artificial machine intelligence with the best of human intelligence to create a world without waste. About $2 trillion is lost every year in the supply chain and 94{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of the world’s waste comes from industry in the form of excess inventory, product defects, unplanned downtime, and unfilled orders. The company has spent five years of R&D and invested $110 million developing its portfolio of artificial intelligence software to enable supply chains and manufacturers to eliminate waste before it happens through the use of AI-powered predictions and recommendations.

Noodle.ai’s FlowOps technology product portfolio consists of five applications: Asset Flow, Quality Flow, Demand Flow, Inventory Flow, and Production Flow. The applications look for patterns in a company’s operations, predict possible scenarios, continuously learn, and make recommendations that improve the smooth flow of goods from raw materials to factories to shelf. The technology is designed to address the problem of waste caused by operational inefficiency, otherwise known as operations entropy.

FlowOps helps users see and understand the most perilous hidden patterns that can disrupt their operations. The software provides a view into near-term risks with the context to understand the impact to the business measured in dollars. The software predicts problems before they happen and provides recommended actions for how to correct and prevent the issue from recurring. It also explains each of the recommended actions and simulates scenarios to help decision-makers as it continually learns and improves with every decision made.

“This new category of software is a tango between machine and human intelligence—each doing what they do best,” said Stephen Pratt, Noodle.ai’s founder and CEO. “FlowOps applications synthesize data, identify patterns, and provide recommendations that augment the supply chain and the manufacturing professional’s ability to analyze the information and make the best data-informed decisions.”

Pratt founded Noodle.ai in 2016 after working at IBM as global leader for IBM Watson Services. The company has received funding from TPG Growth and Dell Technologies.

Noodle.ai has customers in the food and beverage, household goods, cosmetics, chemicals, steel, specialty metals, and automotive industries.

Recognizing that electric motors are one of the most common and inefficient machines that consume the most electricity globally, Turntide’s goal is the modernization of the world’s electric motors to reduce our global carbon footprint and avoid the worst of climate change.

Turntide founder Mark Johnson said, “Over 90{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of the world’s motors are disconnected AC induction motors. These motors account for over 50{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of global electricity consumption—more than lighting, heating, and electronics combined. The modernization of the world’s motors is essential to driving down our demand for energy, ultimately reducing our carbon footprint, pollution, and business energy expenses.”

“Turntide’s Smart Motor System has a fundamentally different architecture,” said Johnson, “only using energy when needed. By incorporating patented control software, the motor optimizes efficiency at all speeds. And a cloud dashboard delivers real-time data on operating conditions and energy use to predict maintenance issues before they occur.”

Piyush Desai is Turntide’s current vice president of motor design, who came up with the idea of using a switch rotor positioned backwards to make it more power dense and efficient. Of course, this idea isn’t entirely new, as switched reluctance technology was developed in the 19th century. The problem is that switched reluctance motors (SRM) aren’t known for having much control precision.

Turntide’s development of HR-SRM (high rotor pole SRM), combined with control capabilities and software, led to the creation of what Turntide calls “the world’s most efficient and highly reliable smart motor.”

In 2021, Turntide announced $80 million in funding from Breakthrough Energy Ventures, Robert Downey Jr.’s Footprint Coalition Ventures, the Amazon Climate Pledge Fund, Keyframe Capital, Fifth Wall’s Climate Technology Fund, and Captain Planet LP. Also in 2021, the company received another $225 million in convertible note financing, with investments from Canada Pension Plan Investment Board (CPP Investments), Monashee Investment Management, JLL Spark, Breakthrough Energy Ventures, Captain Planet LP, and Suvretta Capital Management. This second investment in 2021 brought Turntide’s total funding to $400 million.

Turntide’s growing customer base includes more than 600 companies, including Amazon, which uses millions of motors in its distribution centers and corporate buildings, and BMW, which is piloting Turntide’s Smart Motor System at its plant in Spartanburg, S.C., to drive efficiency and significantly reduce the cost of electricity.

San Francisco-based Ware was formed to reduce the time-consuming manual labor associated with warehouse inventory management. The company was founded in 2019 by Ian Smith, CEO, and Joseph Moster, chief technology officer. The two have more than 20 years of combined experience in the use of drones in the enterprise and have assembled a team of logistics and technology professionals.

Ware is an enterprise-level supply chain digitization platform positioned at the intersection of robotics and machine learning. The company’s first product uses drones to transform how the $1.9 trillion global warehousing and distribution center market tracks inventory. Ware deploys fleets of smart, self-flying drones from partner Skydio inside customers’ facilities to help them track their inventory up to 40 times faster, with 50{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} fewer dedicated people.

“We help them realize savings of $1 million or more per year by helping reduce losses and spoilage,” said Smith.

According to Smith and Moster, automating warehouse cycle counts with Ware is a 3-step process:

Data capture: Self-flying, autonomous drones operate inside the warehouse, avoiding obstacles and capturing images of inventory.
Data processing: Images are uploaded from the facility to Ware for analysis, barcodes are scanned, and inventory locations are identified.
Report Delivery: Inventory reports are delivered in Ware Cloud. The software’s dashboard displays an artificial intelligence-assisted visual audit log of the warehouse’s inventory, prioritizing issues that require attention.

Ware’s most recent venture funding round was $2.5 million led by UP.Partners, including participation from Bloomberg Beta, 2048 Ventures, and Adam Bry, CEO of Skydio.

Focusing on automation providers, machine builders, and industrial end users, Zededa offers what it calls a “simple and scalable cloud-based orchestration solution that delivers visibility, control, and security for distributed edge computing.” The company says this gives “customers the freedom to deploy and manage any app on any hardware at hyperscale while connecting to any cloud or on-premises systems.”

Zededa’s system use the open-source EVE-OS from the Linux Foundation’s LF Edge organization to provide an open, flexible, and secure foundation and eliminate vendor lock-in. The company says its infrastructure foundation provides a “consistent experience when deploying edge applications for use cases such as OEE, predictive maintenance, quality control, and logistics. Its support for applications deployed in virtual machines enables operators to consolidate workloads by running legacy Windows-based apps (e.g., SCADA, HMI, historian) alongside modern applications (e.g., artificial intelligence/machine learning) in containers.”

A key aspect of Zededa’s edge technology is its use of the zero-trust security model to segment layered OT (operations technology) control networks from IT systems with distributed firewall capabilities. The technology reportedly supports any edge hardware and application format, compared to others that typically only support Docker containers. The zero-trust security model features silicon-based root of trust, a crypto-based ID that eliminates local device login credentials, measured boot, remote attestation, and full disk encryption. This combination of capabilities is said to ensure device integrity, detect anomalies in the software stack, and govern data flow from edge to cloud with a policy-based distributed firewall. Compliance requirements are met via centralized management with role-based access control.

Zededa’s founders—Said Ouissal, Roman Shaposhnik, and Erik Nordmark—founded the company to help users deal with the unprecedented amount of data now generated at the edge of the network and via the internet. They determined that the only way companies could reasonably deal with all this data would be to move the analytics and inference to the edge where the data are generated, as it would be too expensive and time consuming to upload all of this data to the cloud and analyze it there.

To date, Zededa has raised $31.5 million from principal investors such as Lux Capital, Energize Ventures, Almaz Capital, Rockwell Automation, Juniper Networks, EDF North America Ventures, and HBAM. Zededa currently has more than 20 customers in the manufacturing, oil and gas, and energy industries.