Surge has acquired a majority stake in IDEA8, an IoT and embedded systems company, to launch Surge Robotics. The new business will focus on industrial automation, intelligent hardware and connected manufacturing. The acquisition moves Surge beyond enterprise software into physical technology. It combines Surge's software, AI and cloud capabilities with IDEA8's expertise in embedded systems,...
Surge has acquired a majority stake in IDEA8, an IoT and embedded systems company, to launch Surge Robotics. Surge Robotics will combine these capabilities with Surge's software, data and AI infrastructure. Surge Robotics will also establish an advisory board.
Summarised from Ada Derana Biz
People- Bhanuka Harischandra2
- Sarath Sathkumara2
- Chanaka Prasad2
- Henry Wu2
Organisations- Taiyo Pacific Partners2
- SBI Venture Capital2
- Surge Robotics2
- Capital Group2
- Birla Group2
- MIT2
- State Street Global Advisors
Places- South Korea2
- Singapore2
- Sri Lanka2
- Thailand2
- India2
- Spain2
Keywords- acquires2
- embedded2
- majority2
- launch2
- idea82
- stake2
- acquired
- software
- systems
- iot
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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