Yokogawa Invests in Silicon Valley-based Fog Computing Startup
OREANDA-NEWS. Yokogawa Electric Corporation announces that it has invested in FogHorn Systems, Inc., a Silicon Valley startup that is a leading developer of fog computing technology. Through its investment in this company, Yokogawa aims to foster their development of fog computing technology. In so doing, Yokogawa hopes to expand the range of solutions that it provides.
Due to the widening use of cloud computing services and the huge number of devices that have access to cloud resources, there is a growing concern over issues such as network congestion and data processing delays. Fog computing* is gaining traction as a technology solution to this problem.
FogHorn Systems, a pioneer in the development of software for fog computing applications with outstanding expertise in this field, has attracted the interest of various companies that are promoting IoT. Led by March Capital and GE Ventures, the company has succeeded in raising $12 million in funding from multiple investors, including Yokogawa, Robert Bosch Venture Capital GmbH, and Darling Ventures. There is also a group of investors who invested in the company prior to this round of fundraising. Yokogawa's stake in the company is worth $900,000.
Yokogawa offers a wide range of control solutions that help its customers improve the safety and efficiency of their operations and make the most effective use of their assets. These solutions include field instruments, control systems, manufacturing execution systems (MES), and management information systems. Industrial IoT (IIoT) technology is making rapid inroads in the control field, and it is expected that fog computing's enabling of real-time and distributed processing in edge computing applications will significantly accelerate its adoption.
Through this investment in FogHorn Systems, Yokogawa will gain access to the latest fog computing technologies and will also make available its knowledge and expertise in process control and plant operations that will help this company further refine its fog computing technology. Yokogawa aims to make use of fog computing to strengthen the solutions that it provides.
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