News by Cision PrNewswire
Reality AI was selected for Plug and Play Internet of Things Accelerator.
Plug and Play's highly popular innovation platform, Plug and Play IoT, has just accepted 25 leading startups to join the fourth batch of its program. Startups across the consumer, industrial, and mobility foci were selected based off of technology interests from the platforms' 10 anchor partners.
New corporate anchor partners Fujitsu, Caterpillar, Panasonic, Honeywell, and SOMPO Digital Lab, selected batch 4 startups along with Philips Lighting, Robert Bosch Venture Capital, Mercedes-Benz, SC Johnson, and Munich Re.
Hicham Sabir, Manager of Open Innovation at Philips Lighting said, "The great thing about being an anchor partner is that you get to influence the list of startups that are present. The team at Plug and Play does a great job in reaching out to a huge pool of startups [which we then] tailor to what we are looking for."
When asked about the program, Director of PnP IoT, Phillip Vincent said, "IoT has now become too broad of a term that covers all the recent tech buzzwords. But what we've learned from each of our partners is that the fundamentals are revolved around collecting data, connecting the data, being able to analyze it, and most importantly, turning it into an action item; and that's exactly what our startups in the program are focusing on, actionizing."