""One of the core things we're witnessing," he said, is customers "really lack the tool to translate a small action, like turning on and off a valve, [into] did that just save me money?""
""The joy of the last, say, six to eight months has been going to the industrial heartland, to all of these places that are just in the middle of nowhere, but have massive production plants that are either reinventing themselves or really transforming how they make decisions," Zhang said in an interview."
CVector built an AI software layer described as a brain and nervous system to optimize large industrial operations. The system is running with customers including public utilities, advanced manufacturing facilities, and chemical producers. Early deployments have revealed concrete problems the technology can solve and measurable cost-saving opportunities from small operational changes. The company closed a $5 million seed round led by Powerhouse Ventures with participation from Fusion Fund, Myriad Venture Partners, and Hitachi's corporate venture arm. Founders Richard Zhang and Tyler Ruggles are focused on translating AI-driven actions into verifiable savings across diverse industrial plants, including a metals processor, ATEK Metal Technologies.
Read at TechCrunch
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