This Stealthy Startup Snags .5 Million to Make Factories Smarter

Modern factories are data rich environments bristling with controllers, sensors, and other computerized gear. The problem is there are too many data sources but not enough real-time flow of that data to the people who need it to ensure smooth operations. That’s the rather large problem that Alluvium wants to address by applying machine learning to that data. Now, the thus-far stealthy New York-based startup has $2.5 million in seed funding to boost its efforts. Investors include IA Ventures, Lux Capital, Bloomberg Beta, and Mike Olson, chief executive officer of Cloudera. Machine learning is technology that can glean patterns from huge amounts of data and make useful predictions based on those patterns in applications as diverse as fraud detection and predictive maintenance. How useful is it that a company can…

Link to Full Article: This Stealthy Startup Snags .5 Million to Make Factories Smarter

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