|Partial Close, 12/2011 ||$350k|
The arrival of the “Internet of Things” and the world’s heightened awareness and efforts to instrument and capture data directly from devices, presents exquisite timing for our company. The Veedims programmable platform allows one to manage, control, and operate any collection of electrical devices and sensors. Clearly, it’s nice to be able to turn on your TV or adjust your thermostat with your phone. Veedims introduces a far more robust concept: systematic sense and respond. Here is a marine example. A vessel on autopilot senses that fuel is low and in response, automatically slows down the engines and turns off unnecessary lights and electronics to get you back to port. We built a system that allows you to connect existing sensors and do smart things with them. Imagine a construction company operator knowing where all their equipment is, their state of readiness, and the ability to compare how drivers are operating that equipment. We call our ability to do these things, whether it is with vessels, vehicles, homes or industrial plants, Powering Intelligent Automation.