ClearBlade

Overview
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Edge Computing?
Product stageSegments
Expansion
?
Edge IoT and analytics software
?

ClearBlade offers an Internet of Things (IoT) edge software platform for industrial IoT (IIoT) applications. Its edge software includes object recognition algorithms and a smart monitoring application capable of utilizing edge computing with end-user configurations. The platform can deploy a common software stack across the board and support IoT solutions on the cloud and on-premises.

It also includes the “ClearBlade Edge Asset Monitor” solution, which is integrated with IBM’s “Edge Application Manager”, to deploy edge applications to enable enterprise edge computing. Accordingly, the platform can be used across multiple industrial applications, including automated rail, smart monitoring, factory floor monitoring, and real-time location identification and monitoring.

Key customers and partnerships

ClearBlade targets various industries including rail, mining, facilities, oil and gas, smart cities, logistics, healthcare, and energy.

In February 2023, ClearBlade was awarded a contract worth USD 3.9 million to deliver Grade Crossing and Equipment Monitoring at hundreds of locations across its transit network for Chicago Metra.

In February 2023, ClearBlade announced a partnership with BlackPearl Technology, aimed at revolutionizing IoT solutions by offering cost-effective, secure, and scalable options.

Furthermore, ClearBlade formed key partnerships to enhance its offerings. In August 2022, it collaborated with Pennsy Digital to deliver asset monitoring solutions for the rail industry swiftly. In July 2022, a partnership with Elipsa was established to develop AI algorithms and deploy them for real-time inferencing efficiently.

In November 2020, it partnered with Taiwan-based IoT hardware provider, Advantech, to offer a hardware and software product bundle for industrial IoT applications. This solution also helps mitigate the Covid-19 spread in enterprises as it can monitor real-time safety and social distancing in public spaces.

Funding and financials

In November 2022, Sumitomo Corporation of Americas made a strategic investment in ClearBlade. The funding was for helping ClearBlade expand its operations internationally and provide access to SCOA and affiliated companies to ClearBlade's software

HQ location:
1701 DIRECTORS BLVD STE 250 Austin TX USA
Founded year:
2007
Employees:
11-50
IPO status:
Private
Total funding:
USD 14.8 mn
Last Funding:
-
Last valuation:
USD 6.3 mn (Jan 2013)
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