Funding Round Brings Edge AI Platform Developer’s Total Up to $10M

Adapdix Corp., a developer of Edge AI automation and intelligent control software, received funding from SoftBank’s Opportunity Fund in support of a next-generation AI platform for the edge, enabling real-time predictive analytics and maintenance for enterprises. Adapdix, in a press release, said it has received investments totaling up to $10 million.

Adapdix’s EdgeOps is a software-only solution that combines advanced artificial intelligence and machine learning (AI/ML) analytics with a distributed, edge-based architecture. By enabling control where the AI data is, at the edge, Adapdix helps to increase model accuracy, reduce network cost and congestion, and cut latency. Adapdix said EdgeOps will initially focus on serving manufacturing companies in the semiconductor, electronics, and automotive sectors, with more industries planned for the future.

The SoftBank Opportunity Fund is a $100 million venture fund dedicated to supporting and building a community of outstanding Black, Latinx, and Native American founders.