Infragistics, a Cranbury, NJ-based provider of user experience and interface (UX/UI) solutions for large enterprise applications, launched its $50M Innovation Fund and Lab.
The fund will allow internal inventors to experiment with innovations beyond the company’s core UI/UX products, without an immediate need to generate revenue. All Infragistics employees can pitch ideas that leverage their collective expertise in artificial intelligence, analytics and digital product design. Projects can make use of any programming frameworks and require the most advanced technologies available, including data science and machine learning (DSML), AI-informed design and collaboration work streams.
Introduced by Infragistics founder and CEO Dean Guida, the fund’s Innovation Lab arm will be led by Tobias Komischke, PhD, an expert in the field of Usability Engineering and head of data analytics, artificial intelligence and machine learning at Infragistics.
Under Komischke’s guidance, the Innovation Lab team has developed a proprietary and structured innovation process to prototype, test and thoroughly assess new ideas for market viability. Projects that make it past internal and external reviews will be provided experimental capital to take the innovation from concept and prototype all the way to market.
The company now has 250 employees and offices in the U.S., Japan, Uruguay, Bulgaria, UK and India. Clients boast 100% of the S&P 500, including Intuit, Exxon and Morgan Stanley, and its enterprise-ready UX and UI toolkits are in use by more than two million developers worldwide.
The Innovation Lab is located in the company’s 74,000 square-foot New Jersey headquarters.
The Innovation Lab leadership team is currently responsible for two new in-market products, Indigo.Design and Reveal, and one pre-market product, Slingshot, which will be released in Q4 of 2021.
Indigo.Design is a complete design-to-code system that has allowed Infragistics to move outside of the enterprise and work directly with UX designers across industries and company sizes. The platform generates production-ready code for Angular, with React, Web Components and Blazor coming soon. Infragistics UX Principal George Abraham leads the Innovation Lab’s Indigo.Design team.
Reveal is an analytics and data visualization software platform that can take the world’s most complex data sets and transform them into actionable insights.
Soon-to-launch Slingshot is a digital workplace that boosts team results, no matter where they are, by giving them the ability to make decisions with data analytics, as well as improving their workflow.
Infragistics provides large enterprises with tools and solutions to accelerate application design and development, and foster team collaboration. More than two million developers worldwide use its enterprise-ready UX and UI toolkits to prototype and build applications for the cloud, web, mobile and desktop.