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Friday, 04 April 2014
Flutura - One of the 11 fastest-growing product website- Times of India
Provides Big Data analytics technology to mine hidden insights from huge chunks of machine generated data for global oil and gas majors to bring in efficiency and safety. Flutura was launched in February 2012 by Krishnan Raman, Derick Jose and Srikanth Muralidhara, who earlier worked at IT services firm Mindtree. Several energy, oil and gas majors use Flutura’s patent pending platform, Cerebra. To know more click HERE
Flutura - One of the 11 fastest-growing product website- Times of IndiaFriday, 04 April 2014
Provides Big Data analytics technology to mine hidden insights from huge chunks of machine generated data for global oil and gas majors to bring in efficiency and safety. Flutura was launched in February 2012 by Krishnan Raman, Derick Jose and Srikanth Muralidhara, who earlier worked at IT services firm Mindtree. Several energy, oil and gas majors use Flutura’s patent pending platform, Cerebra.
To know more click HERE
Monday, 13 February 2017
IoT Startup Flutura Secures $7.5 Mn Series A Funding
Source : http://wetouch.in/index.php/2017/02/13/iot-startup-flutura-secures-funding/ Bengaluru-based IoT startup Flutura Decision Sciences and Analytics has raised $7.5 Mn Series A funding, led by Vertex Ventures and supported by Lumis Partners and existing investor, The Hive
IoT Startup Flutura Secures $7.5 Mn Series A FundingMonday, 13 February 2017
Source : http://wetouch.in/index.php/2017/02/13/iot-startup-flutura-secures-funding/
Bengaluru-based IoT startup Flutura Decision Sciences and Analytics has raised $7.5 Mn Series A funding, led by Vertex Ventures and supported by Lumis Partners and existing investor, The Hive.
Founded in 2012, by Krishnan Raman, Derick Jose and Srikanth Muralidhara, Flutura is a big data analytics solutions provider with a vision to transform operational outcomes by monetizing machine data. It does so by triangulating economic impactful signals from fragmented data pools. The startup will use the funding for market expansion and focus on deep industry expertise.
Flutura’s flagship software platform, Cerebra, provides diagnostics and prognostics through machine learning and artificial intelligence, to unlock new business value for engineering and energy customers across the globe. Its clientele includes the likes of Henkel, Stewart & Stevenson and Sodexo, etc.
Rohit Bhayana, Managing Partner and co-founder, Lumis Partners said, “Flutura, in a short span since founding has accomplished a very mature solution-set for the Industrial IoT space. The solution relevance is clearly visible, from the global traction it has garnered, and the value adding use cases it has powered.”
Flutura has operations in Palo Alto, Houston, Tokyo, and Bengaluru. It was accelerated by Microsoft Ventures in the Hi-Po scale-up program. It had earlier received a Seed fund from the Palo Alto-based Hive, which is focussed on the big data and analytics space.
Vertex is a global venture capital group with cumulative committed capital in excess of $2.5 Bn. It invests in early-stage IT and healthcare opportunities in China, Silicon Valley, India, Israel, and South East Asia.
Earlier in February 2016, Pune-based IoT startup, Altizon Systems, raised $4 Mn in Series A funding round led by Wipro Ventures, the venture capital arm of Wipro. Other startups in this segment include Innovaccer, BRIDGEi2i, Qubole, etc.
Monday, 13 February 2017
Vertex Ventures invests $7.5Mn in Flutura, an IoT data analytics firm
Source : http://iotindiamag.com/2017/02/vertex-ventures-invests-7-5mn-flutura-iot-data-analytics-firm/ by AMIT PAUL CHOWDHURY Flutura receives a $7.5Mn investment from Vertex Ventures An IoT-focused data analytics firm, Flutura has recently raised $7.5 million in a fresh funding round led by Vertex Ventures. The firm specializes in decision analytics for the energy and engineering sector leveraging the scope of industrial IoT technology
Vertex Ventures invests $7.5Mn in Flutura, an IoT data analytics firmMonday, 13 February 2017
Source : http://iotindiamag.com/2017/02/vertex-ventures-invests-7-5mn-flutura-iot-data-analytics-firm/
An IoT-focused data analytics firm, Flutura has recently raised $7.5 million in a fresh funding round led by Vertex Ventures. The firm specializes in decision analytics for the energy and engineering sector leveraging the scope of industrial IoT technology. Henkel, Siemens, and Philips Solar are some of the major firms to feature in its clientele list. Flutura plans to make use of the funds for global expansion. The round additionally witnessed participation from private investment fund Lumis Partners and the startup’s existing investor The Hive, a Palo Alto-based seed fund.
Large industrial manufacturers can leverage Flutura’s data science solution to gain predictive maintenance and predict possible failure in machines. It also helps in enhancing operational efficiency by monitoring various signals through sensors. Krishnan Raman, CEO, Flutura, remarks “We are constantly targeting the huge untapped opportunity across the industrial IoT sector. Our existing solution of furnishing analytics to predict machine failure is only a beginning.”
Flutura’s solution provides the intelligence required to disengage a certain part of a machine that indicates likely failure, and subsequently sends an alert to replace the faulty part. Hitachi, Dell, Intel, and SAP are some of the large machine manufacturers with whom Flutura partners to extend its analytics solution over cloud and on-premise. With this funding round, the firm will expand geographically in the UK, and extend product offerings to its existing set of customers. Flutura already has a robust presence in the US, India, and Japan.
Vertex Venture is the capital arm of Singapore Government’s investment companyTemasek Holdings. Previously in September, the fund had led a led a round of $6 million for customer analytics startup, CloudCherry. Flutura marks the second investment within last six months. Investments from Vertex Ventures in India are made out of its South Asia fund, which strives to identify opportunities in Taiwan, Singapore, Malaysia, and Indonesia. “The confluence of IoT and data analytics set the company apart in a manner, that it can transform the way very large companies function globally,” concludes Ben Mathias, Managing Director, Vertex Ventures, India.
Friday, 09 December 2016
10 Super exciting Data Science / Machine Learning / Artificial Intelligence based startups in India
Introduction Data technologies have been around for some time now. But, increase in data generation and availability of servers on the cloud has enabled an entire generation of startups working on ideas which were unthinkable a few years back
10 Super exciting Data Science / Machine Learning / Artificial Intelligence based startups in IndiaFriday, 09 December 2016
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.