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ELECTRONICS | Electronic Components
yokogawa.com

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Investments

16

Portfolio Exits

2

Partners & Customers

10

About Yokogawa Electric

Yokogawa Electric Corporation (TYO: 6841) is an electrical engineering and software company that manufactures, and markets information technology (IT) solutions, measuring and control equipment, semiconductors, and electronic components. The company's products include IT controllers, flowmeters, pressure transmitters, analyzers, data recorder, switching power supplies, and AC (alternating current) adaptors.

Yokogawa Electric Headquarter Location

9-32, Nakacho 2-chome Musashino-shi

Tokyo, 180-8750,

Japan

+81-422-52-5530

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Latest Yokogawa Electric News

NTT Com Starts Interconnection Trials Using Platform Connecting Gaia-X (European Secure Data-sharing Platform for Supply Chain Companies) With Systems of Domestic and Overseas Companies/Organizations

Oct 14, 2021

— Contributing to achieving SDGs by visualizing CO2 and waste emissions in global supply chain — Download Flow chart of interconnection trials (Graphic: Business Wire) October 14, 2021 06:46 AM Eastern Daylight Time TOKYO--( BUSINESS WIRE )--NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), succeeded in April 2021 in developing the prototype of the platform that enables interconnection with IDS1 and the IDS Connector, the core technology of IDS, which constitutes one of the core components of the Gaia-X2 data ecosystem, the data distribution infrastructure that Europe is developing to protect the data sovereignty3 of its countries and regions. As such, NTT Com will develop the prototype of the secure international data distribution platform that connects IDS and withTrustTM, NTT Com’s Smart Data Platform that realizes secure data distribution among companies and organizations, and conduct interconnection trials with partners in Japan and Europe from October this year to March 2022. Based on the trial results, the commercial version of this platform will be launched in the first half of fiscal year 2022. It will enable secure international distribution of data, including device data in factories, ordering information, CO2 and waste emissions data for product life cycles between the components of the global supply chain, through Gaia-X and withTrustTM 4. NTT Com will thus contribute to the realization of a sustainable society by improving industrial efficiency, decarbonization, and resource recycling through data distribution. NTT Com has constructed a trial environment on the cloud where data can be securely shared among companies and organizations by connecting IDS, OPC UA5, and withTrustTM in Europe and Japan, enabling secure connection to the Gaia-X prototype via the Smart Data Platform. The test environment was made based on the use cases of manufacturing data distribution for decarbonization and resource recycling in the manufacturing industry (now being studied by WG1 “Study on Global Data Distribution Management Platform” sub-WG [SWG8]6 by Robot Revolution and Industrial IoT Initiative [RRI]), and the requirements of the international data interconnection platform derived from such use cases. The trials will verify the convenience, functionality, and practicality of the international data distribution platform by connecting devices and systems of domestic and overseas partners to this trial environment and distributing data between Japan and Europe. An experiment will also be conducted in this trial environment7 to interconnect multiple data spaces of those European industries that comply with Gaia-X, including Smart Connected Supplier Network8 in the Netherlands and Catena-X9 in Germany. NTT Com will also study data models to enable the smooth transmission of manufacturing CO2 emission data and other information that transcends the differences in business practices and laws between countries and industries. The practicality of this model will be verified through experiments to securely distribute data between Japan and Europe. Then, in collaboration with Canada-based Empress Software Japan and other companies, NTT Com will propose this model to the OPC Foundation10 as the OPC UA companion information model. Partner companies and organizations that have already agreed to participate in this experiment are as follows: Okuma Corporation, OMRON Corporation, DENSO WAVE Inc., Empress Software Japan Inc., Yokogawa Electric Corporation, Industrial Open-Network Laboratory in School of Fundamental Science and Engineering at Waseda University, RRI, Smart Connected Supplier Network (SCSN), and Value Chain Connectivity Test WG at Virtual Engineering Community (VEC). (As of October 14, 2021, in Japanese alphabetical order.) We are seeking new partner companies and organizations that wish to participate in the trials. Based on the trial results, we will identify issues necessary for interconnection with Gaia-X and specify functional requirements in cooperation with partner companies and organizations, and we plan to provide a commercial version of this platform equipped with the functional requirements in the first half of fiscal year 2022. Furthermore, in order to enable Japanese companies to securely and smoothly share data with the domestic and overseas business partners that make up their supply chains, NTT Com will also work on the development of DATA-EX11, the data distribution platform being developed in Japan, and proceed with the development of technologies and services needed for the development of DATA-EX in cooperation with Nippon Telegraph and Telephone Corporation, NTT Ltd., NTT DATA and other NTT Group companies, as well as Data Society Alliance (DSA) and RRI. The trials will be introduced at the Robot Revolution and Industrial IoT International Symposium 2021 12 ([Day 3] Data Exchange and Data Quality) scheduled to be broadcast online today (October 14) and at the NTT Communications Digital Forum 2021 from October 20 to October 22. As for NTT Communications Digital Forum 2021, please visit “Smart Factory” after logging in to the forum’s URL for more information about this trial. Overview of NTT Communications Digital Forum 2021 Date: In order to protect the rights of data providers in a digital society where IoT, AI, and the cloud have become widespread, Europe’s Gaia-X, a data distribution platform equipped with a mechanism that allows data providers to limit the scope of data disclosure and track data usage history, is to be launched in April 2022. Those Japanese companies wishing to do business with Gaia-X-connected European companies will likely be required to comply with Gaia-X standards. In order to comply with Gaia-X standards individually, they will need to secure engineers who are familiar with the IDS specifications and make costly and time-consuming system modifications. This experiment is an effort to commercialize a platform that interconnects Gaia-X-compliant European systems with various corporate systems, in order to reduce the burden of such individual responses. About Re-connect X Re-connect X is the vision that NTT Com has been pursuing since 2020. Under this vision, NTT Com is contributing to the realization of a sustainable future in a “new-normal” world by providing ICT services and solutions that “reconnect customers, businesses, and society with new value” in a safe, secure, and flexible manner. Re-connect X * 1: IDS is a comprehensive system of technology components defined by the International Data Spaces Association e.V. (IDSA). NTT Group is a member of IDSA. * 2: Gaia-X is an initiative announced by the German and French governments in October 2019 to support data sharing via infrastructure that ensures data protection, transparency, reliability, and interoperability to protect the rights of European companies, governments, institutions and citizens. Market participants outside Europe are invited to participate. NTT Com is a member of the Gaia-X European Association for Data and Cloud AISBL, an organization that promotes the development of Gaia-X. * 3: Data sovereignty refers to the right of data providers to decide the scope of data disclosure and usage at their discretion. * 4: “withTrustTM” is a system for securely distributing highly confidential data. * 5: OPC UA is a standard developed and maintained by the OPC Foundation to interoperate with the purpose of secure and reliable data exchange. * 6: WG1 “Study on Global Data Distribution Management Platform” sub-WG (SWG8) is a study group led by NTT Com, participated in by Okuma Corporation, QUNIE Corporation, DENSO WAVE Inc., Hitachi, Ltd., Empress Software Japan Inc., Toshiba Digital Solutions Corporation, Nippon Telegraph and Telephone Corporation, DMG MORI B.U.G. CO., LTD., Business Engineering Corporation, Fujitsu Limited, Future Corporation, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Ricoh Company, Ltd., and Ryoyo Electro Corporation (as of October 14, 2021, in Japanese alphabetical order). * 7: The experiment will be conducted in cooperation with System of Nederlandse Organisatie voor Toegepast-Natuurwetenschappelijk Onderzoek (TNO; Netherlands Organisation for Applied Scientific Research), Fraunhofer-Gesellschaft, IDSA, and Gaia-X European Association for Data and Cloud AISBL. * 8: For more information about Netherlands’ Smart Connected Supplier Network, please refer to the following website: https://smart-connected.nl/ * 9: For more information about Germany’s Catena-X, please refer to the following website: https://catena-x.net/de/ * 10: For more information about OPC Foundation, please refer to the following website: https://opcfoundation.org/ * 11: DATA-EX is the generic name (brand name) for DSA's efforts to realize data collaboration across various fields. For more information about DATA-EX, please refer to the following website: https://data-society-alliance.org/data-ex/ * 12: For more information about Robot Revolution and Industrial IoT International Symposium 2021, please refer to the following website: https://www.jmfrri.gr.jp/english/event_seminar_eng/2490.html Related link: About NTT Communications NTT Communications solves the world's technology challenges by helping enterprises overcome complexity and risk in their ICT environments with managed IT infrastructure solutions. These solutions are backed by our worldwide infrastructure, including industry-leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 500,000m2 of the world's most advanced data center facilities. Our global professional services teams provide consultation and architecture for the resiliency and security required for your business success, and our scale and global capabilities in technology world are unsurpassed. Combined with NTT Ltd., NTT Data, and NTT DOCOMO, we are NTT Group.

Yokogawa Electric Investments

16 Investments

Yokogawa Electric has made 16 investments. Their latest investment was in CyberneX as part of their Seed on September 9, 2021.

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Yokogawa Electric Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/29/2021

Seed

CyberneX

Yes

4

8/18/2021

Series B

Fluence Analytics

$7.5M

Yes

3

12/1/2020

Corporate Minority

PeptiStar

$17.08M

Yes

1

8/21/2020

Seed

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$99M

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10

3/4/2020

Series A

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$99M

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10

Date

9/29/2021

8/18/2021

12/1/2020

8/21/2020

3/4/2020

Round

Seed

Series B

Corporate Minority

Seed

Series A

Company

CyberneX

Fluence Analytics

PeptiStar

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Amount

$7.5M

$17.08M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

3

1

10

10

Yokogawa Electric Portfolio Exits

2 Portfolio Exits

Yokogawa Electric has 2 portfolio exits. Their latest portfolio exit was Bayshore Networks on July 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/19/2021

Acquired

1

00/00/0000

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$991

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10

Date

7/19/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

Yokogawa Electric Acquisitions

6 Acquisitions

Yokogawa Electric acquired 6 companies. Their latest acquisition was Grazper Technologies on March 25, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/25/2020

Acquired

1

9/13/2019

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$99M

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10

8/2/2017

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$99M

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10

11/8/2016

Corporate Minority

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$99M

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10

4/16/2016

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$99M

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10

Date

3/25/2020

9/13/2019

8/2/2017

11/8/2016

4/16/2016

Investment Stage

Corporate Minority

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Yokogawa Electric Partners & Customers

10 Partners and customers

Yokogawa Electric has 10 strategic partners and customers. Yokogawa Electric recently partnered with Fluence Analytics on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/18/2021

Partner

Fluence Analytics

United States

Fluence Analytics Gains Support from Yokogawa Electric, Mitsubishi Chemical in New Founding Round

Additionally , Yokogawa Electric has jumped on board for a new business collaboration agreement with Fluence Analytics .

1

4/15/2021

Licensor

Claroty

United States

2

4/14/2021

Partner

NTT DoCoMo

Japan

Yokogawa United Kingdom Ltd. Tokyo, Japan - April 20, 2021. Yokogawa to Undertake Proof of Concept Test of 5G, Cloud, and AI for Remote Control of Plant Systems with NTT DOCOMO

Yokogawa Electric Corporation -LRB- TOKYO : 6841 -RRB- announces the signing of an agreement with NTT DOCOMO , INC. -LRB- DOCOMO -RRB- on April 13 to jointly undertake a proof of concept test -LRB- PoC -RRB- for the remote control of a plant system by utilizing 5th generation mobile communications -LRB- 5G -RRB- , the cloud , AI , and other technologies .

1

4/12/2021

Vendor

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10

3/31/2021

Licensor

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10

Date

8/18/2021

4/15/2021

4/14/2021

4/12/2021

3/31/2021

Type

Partner

Licensor

Partner

Vendor

Licensor

Business Partner

Fluence Analytics

Claroty

NTT DoCoMo

Country

United States

United States

Japan

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News Snippet

Fluence Analytics Gains Support from Yokogawa Electric, Mitsubishi Chemical in New Founding Round

Additionally , Yokogawa Electric has jumped on board for a new business collaboration agreement with Fluence Analytics .

Yokogawa United Kingdom Ltd. Tokyo, Japan - April 20, 2021. Yokogawa to Undertake Proof of Concept Test of 5G, Cloud, and AI for Remote Control of Plant Systems with NTT DOCOMO

Yokogawa Electric Corporation -LRB- TOKYO : 6841 -RRB- announces the signing of an agreement with NTT DOCOMO , INC. -LRB- DOCOMO -RRB- on April 13 to jointly undertake a proof of concept test -LRB- PoC -RRB- for the remote control of a plant system by utilizing 5th generation mobile communications -LRB- 5G -RRB- , the cloud , AI , and other technologies .

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Sources

1

2

1

10

10

Yokogawa Electric Team

2 Team Members

Yokogawa Electric has 2 team members, including former Managing Director, Michiel Meijer.

Name

Work History

Title

Status

Russ McMeekin

Founder

Former

Michiel Meijer

Managing Director

Former

Name

Russ McMeekin

Michiel Meijer

Work History

Title

Founder

Managing Director

Status

Former

Former

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