Alluvium, a NYC-based developer of Mesh Intelligence solutions that harness machine learning insights for real-time applications in industrial use cases, raised $2.5m in seed funding.
Backers included IA Ventures, Lux Capital, and Bloomberg Beta.
Led by Drew Conway, Founder and CEO, Alluvium delivers real-time operational insights to complex, expert-driven, industrial operations by leveraging Mesh Intelligence, which enables the extraction of data from all elements of complex industrial operations, tablets, sensors, as well as industry-specific assets, with no expectations of compute resources or network bandwidth.
The company intends to use the funds to develop the platform. It is currently running pilot projects of its technology in fleet management, and oil and gas, among other vertical industrial applications.
FinSMEs
07/12/2016