Avathonthe AI-driven company formerly known as SparkCognition has unveiled a new AI platform that aims to improve several tasks related to industrial businesses – maximizing the uptime of capital-intensive assets, enabling efficient production ramp-up and ensuring the safety of workers in industrial settings.
With more than $100 trillion in aging infrastructure and mounting pressures from supply disruptions, labor shortages and evolving security threats, Avathon is poised to meet this moment through AI platforms.
“Avathon has an ambitious vision and is investing significant capital to develop solutions that address the full scope of industry challenges, including the necessary energy transition to renewables,” said Lord John Browne of Madingley, former Group Chief Executive of BP plc and Chairman of the board of directors of Avathon. “Avathon’s platform is built to support the global industry as it transitions from legacy infrastructure to next-generation automation and sustainability.”
Avathon’s new platform integrates major technical systems with the latest developments in AI and other emerging technologies. To further develop this platform and expand its reach and impact, Avathon has decided to move its headquarters to Silicon Valley.
Pervinder Johar, CEO of Avathon, is focused on providing industrial companies with a technology platform that can grow with their businesses for decades.
“With full automation on the horizon, our goal is to empower companies that are critical to the global economy over the next 50 years,” said Johar. “We are moving our headquarters to Silicon Valley because it provides us with the perfect environment for future growth; the speed of innovation, the ecosystem of similar companies, the talent – it’s all very unique and ensures we will always meet the needs of our growing customer list.”
News item from Avathon
