Alluvium
Alluvium builds products that empower teams working in the foundational industries of the global economy, through data.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Alluvium, founded in 2015 by Drew Conway, operated as a machine intelligence platform geared towards the industrial sector. The New York City-based firm focused on providing solutions for the Industrial Internet of Things (IIoT), developing technology to help companies process data closer to its source. This approach combined real-time artificial intelligence with human expertise to support both frontline operators and data analysts. The platform's goal was to enable industrial clients to achieve greater operational stability, safety, and efficiency by providing a holistic view of both mechanical and operational processes.
The company's core offering was a platform that utilized AI and IoT to digitize safety and productivity within factories. By interpreting complex data streams from industrial machinery, Alluvium aimed to deliver simple, real-time insights that could prevent failures and optimize production. This technology was designed to make factories more competitive by enhancing their ability to monitor and understand the health and performance of their equipment at all times.
In December 2016, Alluvium secured $2.5 million in a Seed funding round. The investment was led by IA Ventures, Lux Capital, and Bloomberg Beta, which demonstrated early confidence in the company's vision for industrial analytics. This capital supported the company's growth and technology development. In a strategic move to enhance its capabilities, Alluvium was acquired by Augury, an AI-based machine health solution provider, in a deal announced in early 2019. The acquisition was intended to merge Alluvium's operational insights with Augury's mechanical diagnostics, creating a single, unified platform for industrial analytics.
Keywords: Alluvium, Drew Conway, machine intelligence, industrial analytics, IIoT, operational stability, real-time AI, factory productivity, data processing, Augury acquisition, IA Ventures, Lux Capital, Bloomberg Beta, industrial data, asset performance management, predictive maintenance, machine learning, IoT platform, industrial automation