Alchemy IoT, a Lafayette, Colo.-based provider of IoT Asset Intelligence for industrial applications, raised $4m in seed funding.
Backers included Aweida Venture Partners and several angel investors.
Led by Victor Perez, CEO, Alchemy IoT provides Clarity, a cloud-based application that introduces a novel “no-code” approach to IoT Asset Intelligence that simplifies how fleet management, plant maintenance and manufacturing performance can be improved using artificial intelligence and unsupervised machine learning.
The company will focus on enabling small- to mid-sized industrial customers to overcome the technical and data-science resource mandates that are needed to deploy complex IoT solutions.
The Clarity application creates a digital twin of industrial assets, allowing the full benefit of the internet to make industrial assets and data feeds easy to connect to its IoT cloud application.
Using it, teams can visualize asset information in graphical dashboards, analyze asset performance through unsupervised machine learning, and take proactive action to increase the productivity of industrial fleets and machinery.