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Advantech hails Axiom Cloud partnership on cooling system technology

Advantech hails Axiom Cloud partnership on cooling system technologyImage provided by iStock.


Advantech, a provider of kiosks and digital signage, welcomes the funding progress reported by Axiom Cloud, a cloud analytics solution that digitally transforms how cooling systems are powered, operated and maintained.

Axiom Cloud will assist Advantech in building ecosystems in the retail sector, the kiosk technology provider advised Kiosk Marketplace via email.

"Advantech focuses on intelligent retail, warehouse and logistics of city service industry," MC Chiang, vice president of service-IoT of Advantech, said in a prepared statement. "This partnership with Axiom Cloud through AIoT Ecosystem Fund will enrich our city service AIoT solution portfolio, bringing values to our customers and partners with Axiom Cloud's powerful applications to address the demand of refrigerators facility management."

Axiom Cloud has raised over $2.5 million from Momenta Ventures, Leadout Capital, Vela Partners, Lorimer Ventures, and others, which will be used to grow Axiom Cloud's team to make its offerings more scalable, while simultaneously fulfilling its backlog of orders from grocery chains and cold storage companies, according to the press release.

The funding will also be used to develop new controller integrations, which will allow Axiom to provide its "apps for refrigeration" to an even broader set of customers.

"Digitizing existing refrigeration systems, which may account for up to 70% of a supermarket's total energy consumption, will provide a significant opportunity for building owners to lower energy costs and overhaul their maintenance workflows," Lee Carter, principal partner of Momenta, said in the press release.

Building owners can now link their assets to the power grid and save costs while contributing to a more reliable, sustainable,\ and cost-effective energy ecosystem.

Combining data analytics and machine learning with sensors already installed in most refrigeration systems makes it possible to forecast failures such as power outages, refrigerant leaks and equipment breakdowns, the majority of which go undiscovered until it is too late.



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