News Commentary | June 24, 2020
BackboneAI's platform automates the acquisition and normalization of third‑party supplier data into existing systems like ERP and WMS. The platform also provides machine learning‑based data quality assessments and compliance checks. Backbone considers poor data integration one of the primary reasons... Not part of subscription
News Commentary | November 17, 2020
Augury (Lux Take: Positive) plans to use the funding for new hires, R&D efforts, and customer acquisition; it has already spent some of it to hire a big‑name COO. Since June 2020, Augury has partnered with one of its investors, HSB (Munich Re) to offer $100,000 in warranty for its predictive ... Not part of subscription
News Commentary | April 14, 2021
Since we profiled Hugging Face (Lux Take: Positive) in July 2020, the company has quickly made important strides, including offering a paid, hosted API (with more than 100 claimed customers) and raising a $40 million Series B round. Now, it has partnered with AWS to build direct integrations with ... Not part of subscription
by Harshit Sharma
Although the duo have worked in the past on sharing PdM data, this new agreement mirrors the partnership HSB had with Relayr, a PdM startup it subsequently acquired. As part of the agreement, Augury's customers will receive up to $100,000 if its solution fails to pick up any defects that led to equipment downtime. Although the nuances of the reinsurance plan, such as the specific industries and equipment it covers, are undisclosed, the partnership is indicative of a crowded PdM landscape where startups are inclining toward business model innovations to gain differentiation. While clients should investigate the underlying elements of this plan before engaging, it does exhibit strong confidence on the duo's end in Augury's PdM solution.
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