Proximetry Teams Up with GE on Industrial Internet Technology
San Diego-based Proximetry, which specializes in software used to manage critical devices in the Internet of Things (IoT), said it has begun working to integrate its technology with Predix, GE’s cloud platform for the industrial Internet.
Under a new partnership with GE Digital, Proximetry said it worked with GE engineers to develop Predix EdgeManager, technology that is used to manage and optimize performance-critical devices across an IoT network.
No financial terms were disclosed under the partnership. In a 2010 interview with Xconomy, Proximetry CEO Tracy Trent said the venture-backed technology startup (founded in 2005) had turned profitable earlier that year.
A spokeswoman for Proximetry said the partnership with GE represents the company’s biggest alliance in a series of deals that Proximetry has struck over the past couple of years.
Since 2014, Trent has engineered a partnership with India’s L&T Technology Services on the development of Smart Grid applications for utility customers; embedded Proximetry’s software on Freescale Semiconductor’s line of IoT chips; and signed up with Qualcomm Atheros to develop software for wireless devices that connect to Qualcomm’s “Internet of Everything.”
GE unveiled Predix last August, describing it as a platform-as-a-service designed specifically for industrial data and analytics. Subscribing customers in aviation, energy, healthcare, transportation, and other industries could use Predix to capture and analyze machine data within a highly secure, industrial-strength cloud environment.
In September, GE said it expected to generate more than $15 billion in revenue from its Predix platform by 2020. GE said customers like BNSF Railway would use software available on Predix to improve its real-time railroad traffic planning and management. Southwest Airlines would use Predix software to convert data and analytics into “actionable insights” that would help the air carrier improve the efficiency of its flights.
To spur the growth of its industrial Internet platform, GE also set out to build an ecosystem of independent software vendors, technology partners, and integrators developing Predix-certified services. GE laid out the latest version of this digital alliance program last week during the Mobile World Congress in Barcelona.