Mar 21, 2022
Praemo is honored to join the seven scaling start-up organizations that have been selected to join the first Sixth Sense cohort to gain access to Hexagon Manufacturing Intelligence data, expertise and tools.
KITCHENER, ON, March 18, 2022 – The judges selected the seven organizations to join the first cohort following their pitches showcasing their #SmartManufacturing solutions to real-world problems. Read more about the first Sixth Sense Pitch Day on the Hexagon website.
Praemo President Paul Boris explained how Praemo’s unique approach to industrial machine learning is disrupting the time to value for new levels of industrial productivity using machine learning. Even at operations considered to be world-class, there are significant opportunities to improve throughput, cost, and productivity. Continuous improvement through data visibility and business intelligence has largely plateaued. Machine learning offers an exciting path to a step change in performance and competitive advantage, but current machine learning solutions are not working for industrial operations.
WATCH A QUICK VIDEO ON THE PRAEMO RAZOR™ ENGINE
Praemo offers a new approach that makes industrial machine learning a competitive advantage for industrial operations. The Praemo Razor™ engine ingests your data as-is from your automation, quality, historian, maintenance, and other manufacturing systems of record to deliver differentiating insights to drive new levels of productivity and performance. You don’t need a data science team to leverage Razor™ immediately for predictive maintenance, predictive quality, and continuous process optimization.
Praemo is a SaaS predictive analytics company that powers new levels of continuous improvement by leveraging advanced machine learning tuned for industrial data. Visit the Praemo website at https://praemo.com to learn more about how advanced machine learning can take you to next level performance.
Jul 1, 2021
FOR IMMEDIATE RELEASE
Kitchener-based Praemo adds software veteran with deep experience in the industrial marketplace, Mike McFarlin as Vice President, Strategic Accounts.
KITCHENER, ONTARIO | July 1st, 2021 —
Leveraging IoT and operational data as-is, where-is, Praemo accelerates the adoption of AI and Machine Learning for manufacturing and industrial operators. This unique approach eliminates costly and time-consuming data preparation, speeds time to value and virtually eliminates operational risk.
“As we continue to grow, it was critical for us to add a proven leader in the enterprise software space. Mike is a perennial top performer with success at the largest companies like SAP, PTC and Infor, as well as emerging market leaders like Lighthammer and ThingWorx,” said Paul Boris, President & CRO at Praemo. “The addition of a veteran sales executive like Mike is key to moving us to the next level.”
“Praemo’s technology leverages the existing IoT investment industrial operators already have in place to drive the next level of performance,” says McFarlin. “It’s critical for companies to extract all the value from that investment, and Razor™ does this while eliminating unnecessary cost and time related to data prep. This will change how manufacturers deploy AI and Machine Learning.”
Praemo’s Razor™ has been successfully utilized in large enterprise and mid-market customers in the US, Canada, and EMEA across a number of key verticals like Mining, Consumer Products, Automotive, and in both process and discrete manufacturing. Praemo has added key markets with resources in the Austral-Asia region, and with the selection by a leading provider of Digital Innovation in Mexico, Alestra as part of their innovation scale-up program.
About Mike McFarlin
Industrial operators and manufacturing companies have been using data and analytics to improve performance for decades, and Mike McFarlin has been supporting their success his entire career. Mike has traveled from his industrial control roots at ABB to the pioneering enterprise manufacturing intelligence space, to full suite enterprise software, IoT, and full suite digital transformation solutions. With this deep understanding of the end-to-end processes and technologies used in operations, McFarlin saw how leveraging the resulting data exhaust created significant value for the enterprise and supporting new levels of industrial performance. Mike has partnered with his customers throughout his career to employ the right technology to accelerate critical transformations at some of the leading manufacturers in the world. He’s enjoyed tremendous success along the way at innovative software companies like SAP, PTC, and Infor; and has delivered success at start-ups defining the I4.0 space like Lighthammer, later purchased by SAP and ThingWorx, later purchased by PTC. Throughout his career, his focus has remained unchanged – helping clients recognize and adopt leading technologies to win.
Praemo is creating a future without disruptions for manufacturing and industrial operations. By leveraging the data and systems you already have, as-is, where-is, Razor™ exposes actionable insights that your teams can use to avoid downtime and quality issues while maximizing throughput. Founded and led by industry veterans, and Razor™ utilizes Artificial Intelligence/Machine Learning to provide a non-intrusive solution for our customers that delivers value faster than any competitive approach. If you’re not extracting all the value from the data and systems you already have, Razor™ can help.
Praemo is proud to have achieved Diversio’s Platinum Certification, its highest level of recognition identifying our team as “Best in Class.” To achieve this recognition, a “Platinum Certified organization not only demonstrates a diverse & inclusive culture, it actively supports Inclusive Businesses in its network or supply chain.
Michael Martinez, Founder & CEO
Paul Boris, President & CRO
Paul Hancock, Founder & CFO
Andy Henderson, CTO
Thomas Hynes, Managing Director
Website / Twitter: @PraemoAI / Facebook: @praemoai / LinkedIn: Praemo / Additional Resources