Robert Bosch Venture Capital backs innovative leader in IoT “Edge Intelligence” solutions
Robert Bosch Venture Capital invests in FogHorn Systems based in Mountain View, CA
- Robert Bosch Venture Capital participates in 12 million US dollar Series A funding round
- Edge computing can lower bandwidth and compute costs, and decrease latency, while addressing security and privacy issues associated with the cloud model
- Bosch Ventures Managing Director Luis Llovera: ”We look forward to working with FogHorn’s groundbreaking edge analytics technology. Its fog computing technology has multiple applications in the IoT solutions and services industry.”
Stuttgart, Germany – Robert Bosch Venture Capital, the corporate venture capital company of the Bosch group, has completed an investment in FogHorn Systems. FogHorn is a leading developer of “edge intelligence” software for industrial and commercial Internet of Things (IoT) applications. This investment adds to the growing Robert Bosch Venture Capital portfolio of IoT companies next to start-ups like PubNub and Modcam.
FogHorn’s Potential to Enable Bosch IoT
FogHorn’s technology helps to address the challenges associated with connecting a wide array of devices which generate vast amounts of data. “Bosch has been a leader in bringing the transformative power of IoT to a wide range of industrial environments through our prominent role in the creation of Industry 4.0,” says Luis Llovera, Managing Director of Bosch Ventures. “The market opportunity for IoT applications is vast, not only in the industrial sector but in Bosch’s smart building and connected vehicle businesses as well.”
FogHorn is a leader in the rapidly emerging domain of edge intelligence (or “fog computing”) for industrial and commercial IoT applications. The company’s breakthrough fog computing software platform is a critical enabler for a new class of powerful real time analytics, machine learning models and edge computing applications in a wide variety of industrial and enterprise use cases.
“This is the largest initial round of funding raised by a Silicon Valley startup focused on IoT edge analytics and fog computing,” says FogHorn CEO David C. King. “Our investors include major strategic players in the Industrial IoT sector with participation from global leaders based in North America, Europe and the Asia Pacific region. In addition to welcoming these companies as strategic investment partners, we will work with each of them to develop breakthrough IoT solutions for their industrial and commercial customers.”
Industry sectors where this high performance, real time edge analytics technology can unlock billions of dollars in economic value include manufacturing, power and water utilities, oil and gas production, mining, renewable energy, transportation and health care as well as smart grid, smart cities, smart buildings and connected vehicles. The vast amount of data being produced every day by the machines in these settings dictates an edge-centric computing paradigm not only to minimize bandwidth costs but to address latency, reliability, security and privacy issues as well.
About FogHorn Systems
FogHorn is a leading developer of “edge intelligence” software for industrial and commercial IoT applications. FogHorn’s software platform brings the power of machine learning and advanced analytics to the on-premise edge environment enabling a new class of applications for advanced monitoring and diagnostics, asset performance optimization, operational intelligence and predictive maintenance use cases. FogHorn’s solutions are ideally suited for OEMs, systems integrators and end customers in vertical markets such as manufacturing, power and water, oil and gas, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building and connected vehicle use cases.
Contact RBVC affiliate office USA
Contact person for press inquiries