Sight Machine Wins ABB Award for Industrial Automation and Energy Efficiency; Named to 2019 Global Cleantech 100
Sight Machine Inc., the leader in manufacturing data analytics, was named by Cleantech Group to the 2019 Global Cleantech 100, an annual guide to the leading companies and themes in sustainable innovation.
Sight Machine Inc., the leader in manufacturing data analytics, was
named by Cleantech Group to the 2019 Global Cleantech 100, an annual
guide to the leading companies and themes in sustainable innovation. At
the same event on Monday, ABB Technology Ventures awarded Sight Machine
the Automation of Everything Award as “the company with the most impact
on industrial automation and energy efficiency.”
Sight Machine’s analytics platform uses artificial intelligence, machine
learning and advanced analytics to help address critical challenges in
manufacturing quality and productivity. It enables manufacturers to
reduce their energy consumption, often one of the largest production
costs. It also helps cut raw materials use and reduces scrap and waste,
helping companies cut costs and limit their environmental footprints.
“ABB is in the business of driving value through automation and
digitization,” said Grant Allen, managing director of ABB Technology
Ventures, the venture capital unit of ABB Group (NYSE: ABB). “By going
beyond individual machines to work with data from the entire plant,
Sight Machine brings a new level of insight into the operations of a
factory. This enables not only increased throughput for the entire
factory, but also heightened profitability and a better handle on
sustainability.”
“Manufacturing has been the forgotten sector in sustainability, because
gains there have been difficult,” said Sight Machine Co-Founder and CEO
Jon Sobel. “Because it has been so difficult to understand the
overwhelming variety of data produced in plants, most manufacturers have
managed energy usage separately from core production issues. A
data-first approach removes those limits. Whether the focus is energy,
emissions, throughput, or quality, Sight Machine enables an integrated
approach.”
The Global Cleantech 100 features the private, independent, for-profit
companies best positioned to solve tomorrow’s clean technology
challenges. The 2019 Global Cleantech 100 list combines Cleantech
Group’s research data with qualitative judgements from nominations and
insight from a global 87-member expert panel comprised of leading
investors and experts from corporations and industrials active in
technology and innovation scouting.
“Our tenth edition is dominated by innovations for the future of food
and mobility, and a decentralized and digitized future not only for
energy, but for the industrial world more generally,” said
Richard Youngman, CEO, Cleantech Group. “This is a far cry from the
dominance of hardware, solar and biofuels in the inaugural Global
Cleantech 100 in 2009.”
The
complete list of 100 companies was revealed on 28 January at the 17th
annual Cleantech Forum San Francisco.
-
For detailed information on Sight Machine’s outlook as an innovator,
visit Cleantech Group’s market intelligence platform i3
and search for Sight Machine.-- Download
the report and meet the companies solving our biggest challenges
-- Download
the report and meet the companies solving our biggest challenges
About Sight Machine
Sight Machine is powering the digital
transformation of manufacturing, used by Global 500 companies to make
better, faster decisions about their operations. Sight Machine’s
analytics platform, purpose-built for discrete and process
manufacturing, uses artificial intelligence, machine learning and
advanced analytics to help address critical challenges in quality and
productivity throughout the enterprise. Sight Machine is optimized to
run on the major cloud platforms including AWS, Google Cloud Platform,
and Microsoft Azure. For more information, please visit www.sightmachine.com.
About Cleantech Group
Cleantech® Group provides
research, consulting and events to catalyze opportunities for
sustainable growth powered by innovation. At every stage from initial
strategy to final deals, we bring corporate change makers, investors,
governments and stakeholders from across the ecosystem the access and
customized support they need to thrive in a more digitized,
de-carbonized and resource-efficient future.
The company was established in 2002 and is headquartered in San
Francisco with a growing international presence in London. Our parent
company, Enovation
Partners, is based in Chicago.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190130005527/en/