- Top News
Monday, 13 February 2017
News release by Vertex Ventures : Where we see the powerful new frontiers of IOT
Flutura Decision Sciences, an Industrial IOT Intelligence company just announced that it has raised its Series A round led by Vertex Ventures. IOT is a space that we at Vertex have been researching for some time and we have had the opportunity to assess both Consumer and the Industrial applications of connected devices and machines. Consumer IOT is still years from a new cusp of consumer prominence
News release by Vertex Ventures : Where we see the powerful new frontiers of IOTMonday, 13 February 2017
Thursday, 15 September 2016
Hitachi High-Tech Solutions partners with Flutura
Hitachi High-Tech Solutions partners with Flutura to bring Industrial IOT intelligence to Japanese businesses Sales and Distribution agreement will improve access to Flutura’s innovative IOT solutions for Hitachi High-Tech Solutions customers in industrial and OEM market PALO ALTO, USA and TOKYO, JAPAN – 15 September 2016 – Hitachi High-Tech Solutions Corporation, a subsidiary of Hitachi High-Technologies Corporation (TOKYO:8036), today announced a par
Hitachi High-Tech Solutions partners with FluturaThursday, 15 September 2016
Hitachi High-Tech Solutions partners with Flutura to bring Industrial IOT intelligence to Japanese businesses
Sales and Distribution agreement will improve access to Flutura’s innovative IOT solutions for Hitachi High-Tech Solutions customers in industrial and OEM market
PALO ALTO, USA and TOKYO, JAPAN – 15 September 2016 –
Hitachi High-Tech Solutions Corporation, a subsidiary of Hitachi High-Technologies Corporation (TOKYO:8036), today announced a partnership with Silicon Valley and Bangalore-based start-up Flutura Business Solutions LLC to bring industrial IOT intelligence to Japanese businesses. The agreement for commercial and technical cooperation includes sales and distribution rights for Flutura’s revolutionary IOT solutions Cerebra NanoApps™ and Cerebra SignalStudio™ (Cerebra) in the Japanese market as well as other geographic markets.
"As a leader in engineering operational technology solutions, Hitachi High-Tech Solutions will leverage Cerebra diagnostics and prognostics solutions that radically improve equipment reliability and process efficiencies. This will unlock huge business value for their customers," said Krishnan Raman, CEO and Co-founder of Flutura. "We are already working closely with Hitachi High-Tech Solutions and this formal agreement will accelerate our collaboration. With their leading IT Solutions (IT), Operational Technologies (OT) and manufacturing machine and devices (Products), Hitachi High-Tech Solutions have a strong presence and a deep understanding in the industrial space, making them an ideal partner for Flutura."
"We are very excited to offer Flutura’s innovative Industrial IOT Intelligence solution to the rapidly evolving global markets as well as Japanese market," said Takashi Iizumi, President of Hitachi High-Tech Solutions. "We find Cerebra’s rapid implementation approach, alignment to the engineer’s thinking process and focus on business value to be truly unique. The ‘scale-as-you-go’ pricing model from Flutura helps our customers to start small with valuable pilots and then scale the solution. We strongly believe that now is the ideal time to familiarize our customers with it and believe this partnership will open up new business opportunities for both parties. Having extensive experience and know-how of the Japanese industrial and OEM market, we see Flutura’s IOT solutions as a great innovation that our customers will embrace and quickly adopt."
Flutura is rapidly emerging as a leader in the Industrial IOT Intelligence space powering new business models in engineering and energy industries. Flutura’s Industrial IOT intelligence solution focuses on guaranteeing measurable impact to business outcomes with its patent pending machine learning algorithms tuned for Industrial assets and processes. This coupled with advancement in low-cost sensing capabilities and ubiquitous Internet connectivity is set to usher in a business revolution within the industry.
About Flutura Business Solutions LLC
Flutura is a pioneer in the Industrial IOT Intelligence space having operations in Palo Alto, Houston, Tokyo and Bangalore. Its Cerebra IOT Intelligence solution providing diagnostics and prognostics solutions for equipment and process operations is unlocking new business value for many leading engineering and energy customers.
To learn more about Flutura, please visit http://www.flutura.com
About Hitachi High-Tech Solutions Corporation
Hitachi High-Tech Solutions Corporation, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including Instrumentation system Business, ICT solution business, and Industrial equipment solution business.
Monday, 02 May 2016
Tech in Asia - How IoT startup Flutura is competing with GE and winning
Remember when the Nokia 6100 was the most popular phone? That era is gone. Phones have gotten smart. Internet connections, apps, and a host of services come with them. Today you’d want a smartphone, not a dumb gadget. Something similar is now happening in the world of industrial machines. Take the example of a large manufacturer of mining equipment for oil fields. There was a time when their million dollar pumps and assorted equipment were sold as dumb machines
Tech in Asia - How IoT startup Flutura is competing with GE and winningMonday, 02 May 2016
Remember when the Nokia 6100 was the most popular phone? That era is gone. Phones have gotten smart. Internet connections, apps, and a host of services come with them. Today you’d want a smartphone, not a dumb gadget.
Something similar is now happening in the world of industrial machines.
Take the example of a large manufacturer of mining equipment for oil fields. There was a time when their million dollar pumps and assorted equipment were sold as dumb machines. Not any more. Now, they come with sensors hooked onto the internet for real time monitoring of their health.
Think of it as a Fitbit for machines. A pressure anomaly or a strange vibration, for example, would signal a servicing or replacement of parts. Breakdowns can thus be prevented or at least fixed at lightning speed. This means huge savings, because a day’s downtime for oil mining equipment is a million dollars lost.
And for the original equipment manufacturers (OEMs), it opens up a new line of business. They can remain connected over the internet with all the machines they sell, monitor their performance in real time, and take remedial action in advance to cut shutdown time. With proactive services like these, they boost their LTV (lifetime value) from customers, who get continuous monitoring of their machines instead of periodic inspections.
To do this, however, the OEMs need to be able to collate the multitude of signals from their machines, analyze them, and predict problems. Here’s where an Indian IoT and M2M (machine-to-machine) data analytics startup comes in to provide the missing piece in the puzzle.
“The OEMs know the physics and heuristics of their machines, but they’re novices when it comes to data,” says Krishnan Raman, CEO and co-founder of Flutura. “So we partner with them to build data-driven models that can look at machine status, diagnose problems, and predict failures… Instead of reacting to failure, you orchestrate the entire response before failure.”
Flutura has a brainy product called Cerebra which can do this and it’s flexible enough to be adapted to a wide range of heavy industries. But it has a formidable rival.
GE Predix vs. Flutura Cerebra
GE is also a pioneer in industrial IoT (internet of things). It has poured more than a billion dollars into developing an M2M analytics platform called Predix similar to Flutura’s Cerebra. Initially, it was designed to collect and analyze data from GE’s own turbines and engines to make them run better. Then it offered the platform for other industrial equipment makers to use too.
And yet, some of the world’s largest OEMs prefer the Indian IoT startup over the American giant. US-based John Bean Tech (JBT), the world’s largest manufacturer of airport equipment, is one of them.
If you look out of the window when your plane taxies to a halt at the airport, you will see how quickly it is surrounded by vehicles of all sorts, such as the JBT baggage handler. For every minute’s delay in that baggage handler doing its job, the airport has to cough up stiff penalties for prolonging the turnaround time of the flight. That can range anywhere from US$60 to US$400 per minute.
Now, with Flutura’s help, JBT has a “prognostic service” for airports that use its equipment. Internet-linked sensors and geo-tags on its machines provide a continuous stream of data that help pre-empt delays and cut down penalties.
Wednesday, 12 October 2016
This Indian IoT Product In China Shows How Factories Will Be Part Of The 4th Revolution
Flutura featured in Forbes.com ! Read article here : http://www.forbes.com/sites/sumitchakraberty/2016/10/12/why-henkel-dragon-plant-in-china-is-using-indian-iot-product-flutura/#2d013727533c One of my fondest memories of growing up in a small town in India is making gashes in the bark of a tree on the way to school. The next day we would collect the gum which had seeped out. It was fun to use the natural gum to stick labels on our notebooks, even if it was messy
This Indian IoT Product In China Shows How Factories Will Be Part Of The 4th RevolutionWednesday, 12 October 2016
Flutura featured in Forbes.com !
One of my fondest memories of growing up in a small town in India is making gashes in the bark of a tree on the way to school. The next day we would collect the gum which had seeped out. It was fun to use the natural gum to stick labels on our notebooks, even if it was messy.
Later I graduated to industrially produced adhesives, from simple glue to quick fixes for broken objects. But it’s only recently that I learned about the sophisticated technology and precision manufacturing involved in adhesives for such critical products as the wings of aircraft.
One of the leading manufacturers of adhesives of this kind is Henkel, headquartered in Dusseldorf, Germany. Its Dragon Plant (the name is a cultural homage to the plant’s sheer magnitude) in Shanghai, China, is the world’s largest adhesives factory, and aims to be the smartest one, too.
I was intrigued to discover how an IoT (internet of things) product made by an Indian startup, Flutura, in Bangalore is playing a transformative role in this. It’s part of a phenomenon some describe as the fourth industrial revolution.
Fitbit for machines
We’re fast getting used to a new world of smart homes, self-driving cars and virtual assistants. But an even bigger change is quietly brewing in our industries, thanks to huge advances in the collection and analysis of sensory data from industrial machines hooked up to the internet.
Just as feature phones had to give way to smartphones, the days of dumb industrial machines are also numbered. We are rapidly moving to an era of smart machines.
Derick Jose, co-founder of Flutura, describes its IoT product Cerebra as a “Fitbit for machines.” It captures data streaming from various sensors on machines to analyze their health and predict problems.
Think of the money saved when timely intervention, thanks to a trigger from Cerebra, prevents a breakdown in an oil rig. “One hour of downtime, interrupting the pumping out of oil, costs anywhere between $30,000 and $200,000 for one of our oil & gas clients in Houston,” elaborates Krishnan Raman, CEO and co-founder of Flutura.
Machines have always given out signals from sensors monitoring pressure, vibration and a host of other things. But once they’re connected to the internet, all those signals can be correlated and analyzed to make intelligent predictions and provide actionable insights.
Flutura has been working with OEMs [original equipment makers] like Stewart & Stevenson, Siemens, and JBT, which make oil rig pumps, energy equipment, and aerobridges, respectively. These are machines costing upwards of $1 million each, so any increase in efficiency or decrease in downtime leads to huge savings for their users.
In the case of Henkel, Bangalore’s Flutura is helping to transform the way quality is managed in making adhesives for clients like Bombardier, which uses a metal bonding glue for its aircraft wings. Here it’s going beyond smart machines to help create smart factories, because it extends across the whole manufacturing process.
Sandeep Sreekumar, who is strategizing Henkel’s smart factory move, explains to me that the IoT product from Flutura introduced in the Shanghai plant this year is part of a larger scheme of things that began in 2014. “IoT is not something you buy in the market and you suddenly become a smart factory. It doesn’t happen like that.”
Making an adhesive is a lot like cooking a dish. You have a set of ingredients and a method of cooking it. Various factors like quality of ingredients, quantity and timing determine how the dish turns out. Some things are hard to control, such as the influence of weather fluctuations on the characteristics of ingredients. That could affect the flavor of an onion or the viscosity of a glue material.
Here’s where a smart factory becomes a game-changer. What if you could predict how a dish will turn out instead of waiting to cook and taste it to decide if it’s good?
For Henkel, human errors, rework and quality testing account for much of the cost of making adhesives. A large inventory also has to be maintained in case of rejected batches. All those can be reduced drastically with a shift to prediction instead of inspection.
“We are creating an environment where you have a much smarter way to control quality,” says Sreekumar.
Sounds good in theory, but rolling it out on the ground involves a series of calibrated steps. Henkel began in 2014 with standardizing and simplifying the backend layers such as the ERP stack. The next year it began collecting data on manufacturing processes and digitizing the process flows.
This year it started connecting the machines and integrating the machine data with the process data to be able to derive predictive intelligence. That’s when a company like Flutura was brought in for actionable insights.
Friday, 16 September 2016
How Tech in Asia Bangalore opened doors to Japan for this IoT startup from India
Japanese hardware and Indian software make for a winning combo in IoT, and I’m here to help make that happen,” remarked a smiling Yoshiko Tsuwaki, deputy director of the information and communication electronics division in Japan’s ministry of economy, trade, and industry (METI). She was speaking at a dinner hosted by Naotaka Nishiyama of Deloitte Japan’s Tohmatsu Venture Support. It was a part of the Tech in Asia Bangalore conference on July 6-7
How Tech in Asia Bangalore opened doors to Japan for this IoT startup from IndiaFriday, 16 September 2016
Japanese hardware and Indian software make for a winning combo in IoT.
Partnership with Hitachi
The ‘scale-as-you-go’ pricing model from Flutura helps our customers to start small and then scale the solution.