Foghorn
Canvas Category Software : Operational Technology : IIoT
FogHorn provides an intelligence platform for industrial and commercial internet-of-things (IoT) applications. It enables analytics and computing applications in industrial and enterprise usage. It serves manufacturing, power and water utilities, oil and gas production, mining, renewable energy, transportation, and healthcare sectors. It was founded in 2014 and is based in Sunnyvale, California. In January 2022, Foghorn was acquired by Johnson Controls.
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Johnson Controls acquires FogHorn, expanding leadership in Smart and Autonomous Buildings
Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, has completed the acquisition of FogHorn, the leading developer of Edge AI software for the industrial and commercial Internet of Things (IoT) solutions. Financial terms of the transaction were not disclosed. FogHornâs technical team will be integrated into the OpenBlue Solutions organization. FogHornâs headquarters in Sunnyvale, California will function as an âAI Hubâ for Johnson Controls.
FogHorn Extends Industrial Edge Intelligence Leadership with $25M in Series C Funding
FogHorn announced exponential software licensing growth and new investment that expands the companyâs leadership in industrial and commercial edge AI/ML deployments. FogHorn recently closed $25 million in a series C round of funding led by LS Corp., a Korean industrial conglomerate with over $25 billion in global revenue. In addition to LS Corp., Forte Ventures also joined the round with existing FogHorn investors including Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners and Darling Ventures. With this latest investment, FogHorn has raised $72.5 million to pioneer industrial edge AI/ML solutions.
Industrial IoT Leaders Invest $30 Million in FogHorn's Series B Funding
FogHorn Systems today announced it has received a Series B round of funding totaling $30 million to support its disruptive innovation in the Industrial IoT (IIoT) edge computing market segment. Intel Capital and Saudi Aramco Energy Ventures led the round, with new investor Honeywell Ventures and all previous investors participating, including Series A investors March Capital Partners, GE, Dell Technologies Capital, Robert Bosch Venture Capital, Yokogawa Electric Corporation, Darling Ventures and seed investor The Hive. This new round brings FogHornâs total funding to $47.5 million and will be used to significantly expand the companyâs engineering resources and global go-to-market presence.
FogHorn recently extended its technology leadership position in the IIoT market segment by introducing Lightning ML, the worldâs first edge machine learning solution. Built on top of FogHornâs pioneering CEP (complex event processing)-driven edge analytics software launched in 2016, Lightning ML breaks new ground by giving industrial customers the ability to train and execute machine learning algorithms and other advanced data science models on streaming sensor data right at the source of the data. This facilitates the creation and iterative enhancement of âdigital twinsâ and other sophisticated machine learning and AI models without the need to send all the sensor data to a cloud or data center for processing.