A significant part of Microsoft’s $500 million fresh investment will come to the Kolkata R&D centre of the Baltimore-headquartered MachineSense, LLC, artificial intelligence (AI)-driven manufacturer of machine sensor and power analyzer. This will be part of Microsoft Corp’s elite scale-up accelerator programme, initiated in February.
The company happens to be one of only 12 startups picked for this round of the ScaleUp initiative, which plans to invest more than $500 million over the next two years to help startups with go-to-market strategies, technology and community building.
MachineSense has already developed a patented industrial IoT system (IIoT) for predictive and prescriptive maintenance of machines, using electricity and vibration analytics.
The company is now learnt to be in the process of building an IIoT (industrial IoT) platform for factory and building utilities that includes electricity, compressed air, water, HVAC, vacuum, and so on.
“MachineSense is working diligently on the conversion of its platform to the Microsoft Azure platform and is being assisted by Microsoft in this process. We are currently adding employees to Kolkata R&D centre to assist in this process. The company will then be releasing its products globally and once approved by Microsoft, but will assist in the marketing and sales of these products,” said Conrad Bessemer, co-founder, MachineSense LLC.
He said, “Microsoft is spending the $500 million under this programme which will include these 12 start-ups plus others that have been and will be admitted under the programme with good to market strategies, credits for use of the Microsoft Azure programme and other internal help.”
Incidentally, MachineSense will be the first in the Azure Ecosystem to merge hardware, highly refined data statistics plus advanced first party analytics, that can be applied to a range of devices right out of the box, which makes it an attractive solution for Microsoft’s vertical sales teams.