Energy Innovation Capital is an energy industry venture capital firm that works with entrepreneurs to develop new technologies and business model advancements within the energy industry. The following article discusses Yokogawa’s recent acquisition of Fluence Analytics and Energy Innovation Capital’s part in the process.

On February 2, 2023, Yokogawa Electric Corporation announced the acquisition of Fluence Analytics, Inc., a startup based in the USA, providing real-time analytics for industrial operations. This acquisition represents an important milestone for Yokogawa as they continue to invest in their digital transformation capabilities and expand their presence in the Industrial Internet of Things (IIoT) market.

The move also signals the success of Energy Innovation Capital’s portfolio company, Fluence Analytics, in the industrial analytics space. Below we explain the specifics of the acquisition and provide insight into what the deal means for the industry.

Background on Both Companies

Fluence Analytics is a Houston-based data analytics startup that provides advanced analytics solutions to help industrial organizations optimize their operations. Founded in 2016, Fluence has been backed by Energy Innovation Capital since 2017 and had raised $7.5 million in funding before being acquired by Yokogawa.

Fluence’s software allows customers to gain insights into how their machines, equipment, and processes are performing and predict when they may need maintenance or repair. The company serves customers across the energy, oil & gas, petrochemical, and other industries. By leveraging its AI and machine learning algorithms, Fluence helps customers:

• Reduce costs
• Improve efficiency
• Make better-informed decisions about their operations

The Acquisition

The acquisition of Fluence Analytics by Yokogawa marks an important milestone for both companies and the IIoT market as a whole. Yokogawa states that this acquisition will accelerate its digital transformation initiatives and expand offerings in the IIoT market. For Fluence, the acquisition provides access to new resources and technology to help them continue developing their products and services.

Fluence Analytics is a technology-focused company specializing in predictive analytics, data analysis, and automated decision-making in the industrial space. Their analytics platform has provided organizations with improved efficiency and productivity. In addition, their advanced technologies have helped many customers achieve greater profitability.

By acquiring Fluence, Yokogawa, a Japanese automation and control engineering company, wants to expand its industrial IoT (IIoT) capabilities. The two companies are expected to integrate their technology and expertise to offer enhanced IIoT solutions to customers. By leveraging each other’s strengths, both companies hope to create a comprehensive solution to help customers make more informed decisions.

Yokogawa’s acquisition of Fluence Analytics marks a significant step forward for both companies and sets the stage for a bright future. With access to new resources and technology, Fluence can continue to develop its products and services while Yokogawa can increase its presence in the IIoT market. In addition, this acquisition could benefit customers as they look to improve efficiency, productivity, and profitability.

Implications for Industry Shown Through Energy Innovation Capital’s Involvement

Energy Innovation Capital’s involvement with Fluence highlights the growing importance of IIoT technology in the industrial sector. By combining advanced analytics with IIoT devices, organizations can gain insights into their operations that were not previously possible. This allows them to make more informed decisions about operating and managing their assets, leading to improved efficiency and cost savings over time.

This deal also has the potential to expand Yokogawa’s portfolio of offerings for customers by providing a comprehensive solution for data acquisition, analysis, and predictive maintenance. This acquisition will play an important role in the future of industrial automation and IoT technology as businesses continue to seek ways to optimize their operations.

As a result, people can expect to see more companies looking for ways to utilize IIoT and analytics to gain a competitive edge in their respective industries. By leveraging this technology, companies can gain real-time visibility into their operations, allowing them to make better decisions on how they manage their assets and resources.

People may even see the emergence of new business models and services that leverage IIoT and analytics to provide more value for customers.

What’s Next

Yokogawa’s acquisition of Fluence Analytics is a major step forward for companies and the industrial sector. With access to advanced analytics tools and technologies, Yokogawa is now well-positioned to become a leader in the IIoT space. In the future, it will be interesting to see how Yokogawa leverages its new capabilities to further strengthen its position in the market.

It also remains to be seen what other investments or acquisitions Yokogawa may make to take full advantage of this opportunity. With advanced analytics, organizations can gain unprecedented insights into their operations, improving efficiency and cost savings over time. In conclusion, Yokogawa’s acquisition of Fluence Analytics is a key development promising many benefits to companies and the industrial sector.