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alchemylot.com

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Stage

Acquired | Acquired

Total Raised

$4M

About Alchemy IoT

Alchemy IoT develops a Clarity application that streamlines user experience making it simple to view data, generate and track work orders, monitor alerts, and receive feedback on asset performance.

Alchemy IoT Headquarter Location

1380 Forest Park Circle Suite 200

Lafayette, Colorado, 80026,

United States

844-857-7696

Latest Alchemy IoT News

Fiix Acquires Alchemy IoT to Build First True AI-Powered CMMS

Aug 12, 2019

News provided by Share this article TORONTO, Aug. 12, 2019 /PRNewswire/ - Fiix Inc , the leading provider of cloud-based maintenance and asset management software, today announced it has acquired Alchemy IoT, an industrial asset intelligence company. The acquisition makes Fiix the first CMMS vendor to bring true AI-driven predictive maintenance to the market, by combining Fiix's smart asset management solution and Alchemy's machine learning software. The addition of Alchemy's patented asset health monitor will extend Fiix's innovative maintenance platform to include real-time, AI-driven asset health and anomaly detection. Following closely on the launch of Fiix's new Integration Hub , this acquisition is the second announcement in less than a month that shows the CMMS software provider is leading the market by enabling condition-based and predictive maintenance capabilities for its customer base— essential tools for maintenance and asset managers looking to modernize their operations. "We planted an Industry 4.0 flag with the launch of our Integration Hub and now we're cementing that position with this acquisition," says James Novak, CEO of Fiix. "Fiix is focused on ensuring our customers have the tools they need to stay competitive. We were the first to see cloud software as the key to helping customers simplify their journey to modern maintenance. The addition of AI capabilities to our products is the next step on this digital journey. By connecting workflow software to asset sensors, production systems, and enterprise software and enabling real-time asset health monitoring, we're connecting the dots on the whole Industry 4.0 ecosystem. This gives our customers the insight into asset performance that they need to run stronger maintenance programs and stay ahead of the curve." According to the International Data Corporation (IDC), worldwide spending on IoT is forecast to reach $745 billion in 2019 alone, as more organizations eschew out-of-date systems and legacy software in order to build smarter and more connected businesses. Fiix has long been at the forefront of this digital transformation, and continues to leverage its unique position as one of the first true cloud vendors to develop intelligent, connected system for the evolving needs in the maintenance and asset management space. About Fiix Fiix  is the maintenance and asset management software provider that's putting the power in your hands by simplifying the journey to modern maintenance. Whether you're looking to organize assets and manage work, or connect to business systems and make data-driven decisions, we partner with you to give you the tools to evaluate, buy, implement, and integrate software, and start your reliability journey. Visit www.fiixsoftware.com  for more.

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Expert Collections containing Alchemy IoT

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Alchemy IoT is included in 2 Expert Collections, including Internet of Things ( IoT ).

I

Internet of Things ( IoT )

3,149 items

A

Artificial Intelligence

7,364 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Alchemy IoT Patents

Alchemy IoT has filed 2 patents.

The 3 most popular patent topics include:

  • Home automation
  • Internet of things
  • Mixed reality
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/6/2017

12/4/2018

Internet of things, Data management, Data quality, Mixed reality, Home automation

Grant

00/00/0000

00/00/0000

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Application Date

4/6/2017

00/00/0000

Grant Date

12/4/2018

00/00/0000

Title

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Related Topics

Internet of things, Data management, Data quality, Mixed reality, Home automation

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Status

Grant

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