CerebrumX Declares Strategic Funding from BlackBerry IVY Innovation Fund
NOVI, MICHIGAN – April 7, 2023 – CerebrumX Lab Inc. (CerebrumX), a number one AI-driven automotive knowledge companies & product supplier, at present introduced a strategic funding from BlackBerry that can assist it ramp up the supply of recent data-driven, in-vehicle services that make it simpler for automakers to create turnkey user-centric functions and enterprise options.
CerebrumX has a extremely safe, AI-based Augmented Deep Studying Platform (ADLP) that’s been deployed on greater than 45 million journeys and captured greater than 100 million miles of information. CerebrumX works with automakers enabling them to generate revolutionary use-cases throughout each facet of their enterprise by tapping into key data-driven insights on car and driver efficiency.
“CerebrumX has an formidable imaginative and prescient, along with our companions, prospects, and stakeholders, to ship clever real-time knowledge insights at scale, and we’re excited to have BlackBerry onboard as an investor, who share the identical long-term dedication to the worldwide linked car knowledge trade,” stated Sandip Ranjhan, Chief Government Officer at CerebrumX.
With the brand new funding and by integrating with BlackBerry IVY®, BlackBerry’s award-winning cloud-connected, automotive AI platform, CerebrumX will be capable to develop embedded in-car artificial sensors to gather useful consented knowledge and carry out crucial knowledge processing on the edge, delivering real-time insights that may assist inform in-demand functions similar to complete driver and car well being scores. As a part of the funding, Vito Giallorenzo, Common Supervisor of IVY and Head of Company Improvement at BlackBerry will be part of CerebrumX’s advisory board.
The actionable intelligence generated by CerebrumX presents advantages for an enormous vary of firms throughout the automotive ecosystem – fleet firms for monitoring operations in real-time whereas lowering the Complete Value of Possession (TCO), insurance coverage suppliers to supply customized insurance coverage primarily based on lively driver conduct evaluation and sensible mobility resolution suppliers to supply optimized companies primarily based on particular person car knowledge.
“CerebrumX has constructed a robust and spectacular knowledge administration platform, able to sifting via thousands and thousands of linked automobiles to allow smarter, data-driven enterprise selections. By integrating with BlackBerry IVY, we’ll be capable to take that providing to the following degree and allow CerebrumX to carry out intensive quantities of information processing on the car edge to ship real-time insights to automakers and different ecosystem suppliers, one thing which might in any other case contain cumbersome and expensive cloud computing sources. We sit up for working with their workforce and broaden our catalogue of BlackBerry IVY-enabled options with this thrilling new providing,” stated Vito Giallorenzo, Common Supervisor of IVY and Head of Company Improvement at BlackBerry.
CerebrumX is the fourth firm that BlackBerry has invested in by way of its BlackBerry IVY™ Innovation Fund which launched to assist automotive ecosystem suppliers turbocharge their innovation and produce new merchandise and functions to market utilizing BlackBerry IVY, the corporate’s award-winning cloud-connected, automotive AI platform.
About CerebrumX Labs Inc.
CerebrumX (www.cerebrumx.ai) makes use of synthetic intelligence to ship trusted knowledge and high-quality insights to companies to drive innovation, optimize operations and drive key selections utilizing sensible knowledge. Our trade’s first ubiquitous knowledge administration platform is utilized throughout the Edge and Core Community to our companions together with (OEMs, Media, Insurers, Fleet Corporations and Sensible Cities/Municipalities). CerebrumX’s Augmented Deep Studying Platform (ADLP) securely collects and consolidates scattered knowledge from our companions and different third-party apps and units to allow the activation of linked car knowledge that has beforehand been underneath -utilized to any important degree as a result of absence of an built-in Automotive Ecosystem. CerebrumX is headquartered in Novi, Michigan with workplaces throughout NA, EMEA and APAC.
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