APERIO recently shared that they secured $9M in new funding to fuel growth and cement themselves as the world’s leading industrial data quality company. Several industry leaders—Momenta, Chevron Technology Ventures, National Grid Partners, Delek US, and Bazan Group—came together to advance the cause. It’s an exciting time in the history of the company. Here’s what’s especially interesting about this news:
- While startups are shrinking (especially in Israel), APERIO is growing
- While the impending economic downturn is presently limiting investment, APERIO secured almost double-digit investment
- As APERIO has noted, the data quality market is growing faster than expected—CAGR of 17.4%—and APERIO is expanding the team to keep up with this growth
- APERIO is clearly the category leader in OT data quality with unmatched functionality and usability
But don’t take our word for it. Learn why Chevron and Momenta invested.
McKinsey believes that AI and machine-learning systems have matured at a faster pace than data management over the last decade, effectively making data quality a roadblock for innovation. Making data quality a priority is imperative. The ability to detect and resolve data anomalies in real time and at scale is essential to optimal decision-making, strong asset and sensor health, and having validated data for AI, models, and analytics.
APERIO helps customers prioritize operational data monitoring and identify data anomaly root causes for instant data remediation. Powered by AI, APERIO DataWise analyzes millions of operational tags for previously undetectable data anomalies, ensuring the quality of data used in assets, operations, and advanced models meets rigorous data quality measures. Knowing the quality of your data in real time enables immediate resolution and instantly improves performance. 🖐️🎤
To learn more about APERIO’s leadership in data quality and how we can help resolve your data quality issues, download the eBook or request a demo.