2017 - Here We Come!

We’re off and running as we begin 2017. This week, we formally announced the Element Platform with a press release, and disclosed our early funding from Kleiner Perkins’ Green Growth Fund. The seed funding from Kleiner Perkins' Green Growth Fund provided us a great opportunity to accelerate our operations and development of the Element Platform.

The seed funding from Kleiner Perkins' Green Growth Fund provided us a great opportunity

Our platform delivers a critical piece of the industrial analytics process for asset-intensive industries. Today, operators face inherent data quality issues when it comes to making good use of their time-series sensor data. Inconsistent labeling, lack of context, and uncertainty in whether sensor data can be trusted make it difficult for data scientists and site engineers alike to derive value from the data. Too often, once the real-time data has crossed the control room screen, it simply goes dormant, unused or unusable for advanced analytics.

At Element Analytics, we automate the data readiness step, enabling customers to rapidly organize and model their time-series data to align with how they operate their assets and equipment. Data readiness is key for basic benchmarking and more advanced root-cause diagnostics,  time-to-failure predictions, and optimization modeling. Moreover, we need continuous data readiness to enable analytics as a capability rather than a case-by-case approach.

We need continuous data readiness to enable analytics as a capability

Achieving ROI from investments in Analytics and Data Science has been challenging for industrial companies. The Element Platform helps customers maximize their return on these existing investments. It’s a lot of fun to watch customers light up when they see their data and assets in new and revealing ways they’ve never seen before, able to glean novel insights and solve problems previously out of reach. 

We’re proud of our relationships with OSIsoft and Microsoft as part of their partner networks, which have been have been instrumental in our growth and outreach to customers.

We’re proud of our relationships with OSIsoft and Microsoft as part of their partner networks

We’re energized by what 2017 holds for us. There is great opportunity in this market for what Element Analytics can deliver and this comes to life with the customer projects we have underway. During this past year, our team has engaged with some key customers in the United States and Europe and we hope to publicly disclose them soon. 

All of this is happening because of our diverse and dedicated team based in San Francisco. We’re fortunate to have a talented group of people who are committed and excited by the work at hand. It's a great group to be part of and we are having fun as we watch the business gain traction. 

Stay tuned for more updates as we progress through 2017.