A recent press release states, “Cloudian® today announced the creation of EDGEMATRIX, a majority-owned subsidiary led by Hiroshi Ohta, Cloudian co-founder. The new company will provide solutions for Artificial Intelligence (AI) processing of large-scale data sets at the edge, building on the innovation and momentum Cloudian has demonstrated in the Japanese AI market. EDGEMATRIX has raised $9 million in Series A funding from strategic investors NTT DOCOMO, INC., SHIMIZU CORPORATION and Japan Post Capital Co., Ltd. as well as Cloudian CEO and co-founder Michael Tso and Cloudian board director Jonathan Epstein. The new company will leverage Cloudian’s HyperStore platform for managing large-scale data sets, data analytics and machine learning use cases.”

The release continues, “EDGEMATRIX will initially focus on the Japanese market, where both the government and private sector view AI as essential to boosting productivity. According to IDC, spending on AI systems in Japan is expected to increase at a compound annual growth rate of 45.3% from 2018 to 2023, the strongest spending growth on a geographic basis. EDGEMATRIX is well-positioned to capitalize on this opportunity. Building on Cloudian’s expertise in software-defined solutions for managing large data sets, over the past two years Ohta and a small Cloudian team created a number of innovative AI software solutions and a low-cost, ruggedized device for AI applications processing and data collection at the edge. By applying analytics near where data is created (e.g., where sensors are located), the edge device enables real-time data analysis and decision-making while minimizing the transmission costs and latencies of public clouds.”

Read more at Globe Newswire.

Image used under license from Shutterstock.com