Viviota has demonstrated great traction in the automotive, aerospace and advanced medical device markets
AUSTIN, Texas (PRWEB) July 22, 2019
Viviota, Inc., an engineering data software company accelerating analysis and innovation for vehicle and device manufacturers, today announced that it has raised lead investment from Naya Ventures for their oversubscribed A round to support growing demand for its revolutionary software. With Viviota Time-to-Insight™ software, complex engineering sensor data management is fully-automated relieving design, prototyping, and test engineering teams of time-consuming data management tasks. Viviota Time-to-Insight then dramatically speeds engineering data analysis with advanced data handling technologies. The result is immense product development cost-savings and improved time-to-market for manufacturing companies. Viviota customers have cut engineering analytics cycle-times by over 90%.
Viviota’s software provides unprecedented performance improvements for engineering sensor data analytics, a key hurdle for Advanced Driver-Assistance Systems (ADAS) in the automotive industry. ADAS is driving unprecedented volumes of data through the engineering design, test and analysis processes at automotive manufacturers. Viviota provides the technology that enables automotive and device manufacturers to deal with this data and accelerate complex analysis for engineering teams. With Viviota, analysis cycles which took manufacturer R&D groups 10 hours now take 7 minutes, dramatically reducing time-to-market for manufacturers’ products. Viviota has GLOBAL 500 customers in the automotive, aerospace, semi-conductor and advanced medical device markets.
“In this period of accelerated change and digital transformation, companies are challenging pure cost-reduction strategies,” said Eric Newman, CEO, Viviota. “Pressure for product innovation has never been greater. Our customers need disruptive technologies like Viviota’s to address the accelerated pace in which manufacturers must bring products to market and do it with better quality and affordably.”
Today, companies are focused on digital transformation for competitive advantage, and they are finding that data and analytics are key to this initiative. They are making data and analytics a strategic priority. Viviota is purpose-built for engineering data management and analytics, filling a significant void in the marketplace. Viviota handles the massive amounts of sensor data engineers use to build more competitive products. Viviota Time-to-Insight interfaces with industry standard engineering analysis tools and can run at “The Edge”, in engineering workspaces not only IT Centers. With accelerated engineering analytics cycles, Viviota customers are realizing payback in less than one year.
“Austin has long been a leading technology center in the U.S. and is the perfect place to accelerate development of technologies needed to enable the next generation of autonomous and advanced vehicles,” said Dayakar Puskoor, General Partner, Naya Ventures. “This investment in Viviota will benefit this market and can be applied to other manufacturing sectors demanding faster innovation. Our investment in Viviota was led by our strategy to add value to companies that solve critical pain points for customers, and we believe that our enterprise network and access can help Viviota scale quickly”
“Viviota has demonstrated great traction in the automotive, aerospace and advanced medical device markets and we’re excited to support their growth,” said Armando Valim, Global Partner Program and Ecosystem Director at National Instruments. “The company addresses a real and growing pain point in the engineering sensor data space and delivers value across the ecosystem. We’ve seen that our customers are realizing enormous cost savings and ROI, while accelerating product time-to-market. Engineers need disruptive technologies like Viviota’s.”
Viviota will use the proceeds from this round of funding to continue to scale sales and marketing, and invest in Research & Development to enhance the functionality of its market-leading Viviota Time-to-Insight™ software.
About Viviota, Inc.
Viviota software provides unprecedented performance improvements in engineering data management and automated analysis — reducing costs and improving time-to-market for new vehicles, tools and devices. Viviota’s powerful software dramatically simplifies data management complexity and fully integrates into existing design, prototyping, and test environments—releasing the full potential of sensor data—and accelerating time-to-insight and innovation. Located in Austin, Texas, Viviota is a member of the HPE Partner Network, National Instruments Partner Alliance, and a graduate of the Capital Factory Accelerator Program. http://www.viviota.com
About Naya Ventures
Founded in 2011, Naya Ventures invests in early stage AI and cloud-based companies where its emerging market channel relationships and go-to-market strategies can efficiently increase enterprise value. Lead by serial entrepreneurs in the mobile and cloud industry, Naya Ventures' principals work alongside a global network of C-level executives and general partners at influential US technology companies and venture funds. Naya's strong mobile and cloud industry reputation, its relationships with leading technology companies and its global network of technology and market development resources help accelerate value creation. Its relationships also provide Naya with an extensive deal sourcing and follow on funding capability.