Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the manufacturing industry. This time, you get to discover 5 hand-picked startups developing industrial platform technology solutions.
Global Startup Heat Map highlights 5 Top Industrial Platform Technology Solutions out of 349
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 349 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 industrial platform technology solutions that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 344 industrial platform technology solutions, get in touch.
ManufacturingMate offers an End-to-End Manufacturing Platform
Traditional manufacturing processes lack clarity and optimization, and hence, are not efficient enough to ensure accuracy and fast delivery. As a result, startups are offering cloud-based manufacturing platforms that track supply chains to monitor key performance indicators (KPIs). Some platforms also include automated quoting, computer-aided design (CAD) automation, and 3D configurators to accelerate the sales process.
ManufacturingMate is an Australian startup that develops an end-to-end manufacturing platform. It assesses the manufacturing feasibility of the parts and finds suitable tools for the same. The startup’s marketplace assists manufacturers to find suitable suppliers that match their production requirements. It also provides real-time updates on the manufacturing and delivery of the parts, assemblies, and components. Additionally, the platform allows customers to visualize the manufacturer’s products in 3D on any device.
attenio advances Assembly Planning
Product design finalization demands intensive inter-department collaboration. However, multiple designers working on the same CAD model slow down this process significantly. To tackle this problem, startups are providing collaborative assembly planning platforms that allow users to create task lists according to their specific roles and modify the design directly instead of redoing it from scratch or sharing a single model.
German startup attenio develops TIO 2 CONNECT, a platform that enables inter-department collaboration for assembly planning. TIO 2 CONNECT integrates visual tools with enterprise resource planning (ERP) and product lifecycle management (PLM) backends. This allows any stakeholder to attach additional information, like assembly instructions or animations, for assembly and service teams. Additionally, the startup’s dedicated solution for assembly teams, TIO 2 DO, uses 3D models and augmented reality (AR) to enable virtual prototyping.
Vanti Analytics provides Artificial Intelligence (AI)-based Fault Detection
Manufacturing companies often incur high costs for rectification or replacement of defective parts in a product as it causes materials, time, and manpower wastage. Therefore, startups are developing artificial intelligence-powered software that provides in-depth visibility into manufacturing data to address this problem. This allows manufacturers to spot defects as soon as they surface and perform root-causes analysis, thus improving production efficiency and saving costs.
Vanti Analytics is an Israeli startup that utilizes AI-based algorithms to detect faulty units early in electronic goods manufacturing. It constantly monitors the failure rate of each product and notifies the users upon detecting an anomaly in the failure rates. It also collects data from the production line and trains new models to improve its performance. This ensures that the algorithms always incorporate newer fluctuations in production output and improve quality monitoring. Moreover, Vanti also offers free model upgrades to their customers once they update it.
Notiphy develops a Connected Worker Platform
Manufacturing workplaces are usually filled with paper forms, manuals, and task lists. Maintaining and updating these paper documents is cumbersome and also leads to confusion, thus affecting the overall productivity of the teams. As a result, startups are digitizing workflow management. For example, connected worker platforms allow managers to keep track of their workers’ tasks and get alerts when a machine breaks down or there is an emergency. Likewise, the workers also seek guidance remotely without having to leave their workspace.
US-based startup Notiphy offers a connected worker platform and execution system accessible from a computer, mobile phone, or tablet positioned in the work area. It enables paperless task lists and processes that include pictures and videos to review safety and work processes, input information, and track job completion. With this, managers are able to set alerts based on any activity or inactivity of the workers, and the workers are also able to alert the management if they have an emergency, need assistance, or are taking a break, improving transparency and efficiency.
ClairViz develops Industrial Internet of Things (IIoT) Platforms
A factory deals with hundreds of machines, raw materials, assembly plans, and finished products, among other administrational tasks. Tracking these items manually is neither time-efficient nor free of error. To streamline this process, startups are deploying industrial internet of things platforms that enable connected factories. This makes tracking and monitoring very convenient while enabling predictive maintenance.
ClairViz is an Indian startup that provides IIoT platforms for factories. Its production analyzer is a plug & play server that connects with up to two machines for collecting production data and providing productivity dashboards and reports. Logging into the web server allows users to set up the shift timing and view reports. Additionally, the startup’s IoT mobile application allows manufacturers to plan maintenance, view history and remaining run hours before maintenance, and condition-based monitoring, as well as provides early alerts and warnings about the deteriorating machines and equipment health conditions.
Discover more Manufacturing Startups
Manufacturing startups such as the examples highlighted in this report focus on end-to-end manufacturing, IIoT, and connected worker platforms. While all of these technologies play a major role in advancing the manufacturing industry, they only represent the tip of the iceberg. To explore more manufacturing technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Manufacturing Innovation Report to save your time and improve strategic decision-making.