MOUNTAIN VIEW, Cali., Feb. 20, 2018 (GLOBE NEWSWIRE) -- FogHorn™ Systems, a leading developer of “edge intelligence” software for industrial and commercial Internet of Things (IoT) solutions, today announced several additions to FogHorn’s executive team. This follows a strong growth year in 2017, culminating in a $30 million Series B funding round led by Intel Capital and Saudi Aramco Energy Ventures, with new investor Honeywell Ventures joining in. All previous investors also participated, including March Capital Partners, GE Ventures, Dell Technologies Capital, Robert Bosch Venture Capital, Yokogawa Electric Corporation, Darling Ventures, and The Hive.
FogHorn is ramping its go-to-market capabilities to address a fast-growing industrial landscape that is expected to add $14.2 trillion to the global economy by 2030, according to Accenture. To support this growth, FogHorn appointed new leadership in key roles, including VP of Finance Mike Hutchinson, VP of Marketing Keith Higgins, Head of Data Science Services Greg Makowski and Managing Director for EMEA Chad Boulanger.
“In 2017, we invested in increasing FogHorn’s innovation lead in the edge computing sector and building a who’s who of industrial and technology ecosystem partners from device OEMs to cloud analytics providers,” said David C. King, CEO of FogHorn. “By adding seasoned executives to our team with a rich history of scaling pioneering companies in high-growth emerging markets, we expand upon FogHorn’s success and momentum as a leading provider of edge intelligence solutions to the industrial market.”
FogHorn’s Expanded Executive Team
About FogHorn Systems
FogHorn is a leading developer of “edge intelligence” software for industrial and commercial IoT application solutions. FogHorn’s software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. FogHorn’s technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as Smart Grid, Smart City, Smart Building and connected vehicle applications.
FogHorn and Lightning are trademarks of FogHorn Systems. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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