Swim.ai, a San Jose, CA-based edge intelligence software company, raised $10m in Series B funding.
The round was led by Cambridge Innovation Capital plc (CIC), with a strategic investment from Arm, and further participation from existing investors Silver Creek Ventures and Harris Barton Asset Management. In conjunction with the funding, Investment Director at CIC, and Damon Civin, Principal Data Scientist at Arm, will be joining the SWIM.AI Board of Directors.
The company intends to use the funds to launch an AI R&D center in Cambridge, UK, to accelerate product development and expand sales and marketing into new verticals and geographies.
Led by Rusty Cumpston, co-founder and CEO, and Chris Sachs, co-founder and chief architect, Swim.ai delivers edge intelligence software, which combines local data processing/analytics, edge computing and machine learning to deliver real-time business insights from edge data on edge devices. The new Andrew Williamson,
In April 2018, the company announced the general availability of its edge software product SWIM EDX™, which enables customers to analyze high volumes of streaming edge data and deliver real-time insights that can be shared and visualized.
Swim has a number of customers today who are using the EDX software to deliver edge intelligence to manufacturing, smart city, IoT, logistics, and many other verticals.