You can have IoT for data acquisition, but without solid analytics the data becomes a worthless expenditure. Here, a company providing remote connectivity and workplace digitalization has announced strategic investments in smart factory solutions.
TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced strategic investments in two pioneering companies for smart factory solutions: Sight Machine and Cybus. With a total investment of a low double-digit million EUR amount, the company is strengthening its commitment to the digital transformation of industrial working environments and the convergence of Information and Operation Technology (IT & OT).
Sight Machine, a US-based company and Microsoft partner, provides a manufacturing data platform that collects, structures, and analyzes data from manufacturing operations. It uses innovative AI applications to provide insights into areas such as quality control, system-level plant performance, and predictive maintenance, enabling data-driven decisions that vastly improve operating efficiency, sustainability and resilience. With its investment, TeamViewer becomes a major shareholder and part of Sight Machine’s Board of Directors. To further drive manufacturing efficiency in industrial environments, the two companies will collaborate on a joint product offering and go-to-market strategy.
Cybus, a German software company, specializes in industrial IoT solutions for large scale manufacturing environments. Cybus’ data hub collects, processes, and distributes industrial data, enabling seamless communication between heterogeneous devices, machines, and processes in the smart factory. It supports scalable configurations along multiple factory sites and is tailored for production-critical activities. Globally operating enterprises such as Liebherr and KRONE improve the efficiency and sustainability of their manufacturing processes with Cybus IoT solutions. As lead investor in Cybus’ current financing round and part of the advisory board, TeamViewer will actively collaborate and provide strategic guidance regarding the company’s development.
Not a company to be bashful, the press release states, “The investments in Sight Machine and Cybus pave the way for TeamViewer’s development into a leading enterprise software provider at the intersection of manufacturing infrastructure and IT systems as well as data analytics.”