Agency / Source: BASF

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BASF Venture Capital Invests in Leading Industrial Artificial Intelligence Company IntelliSense.io - IntelliSense.io and BASF Venture Capital (BVC) announced that BVC is leading a strategic investment round in IntelliSense.io with follow-on participation from a group of U.K.-based technology angel investors including Dr. Steve Garnett and Stephen Kelly
BASF Venture Capital Invests in Leading Industrial Artificial Intelligence Company IntelliSense.io

 

PRZOOM - /newswire/ - Cambridge, United Kingdom, 2020/08/18 - IntelliSense.io and BASF Venture Capital (BVC) announced that BVC is leading a strategic investment round in IntelliSense.io with follow-on participation from a group of U.K.-based technology angel investors including Dr. Steve Garnett and Stephen Kelly. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Engineering/Artificial Intelligence Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Open AI solutions from IntelliSense.io make mining more efficient, sustainable and safe;
• Investment will be deployed to increase applications portfolio and support distribution capacity globally.

IntelliSense.io is a leading provider of AI-based solutions for the global mining industry. Its customers include mining majors and diversified mining groups.

To extract metals from the mined ores, mining companies must overcome two main challenges: First, today’s known ore deposits are increasingly difficult to mine, with declining ore grades and greater environmental challenges. Second, the composition of the orebody is not known with high accuracy. This variability impacts operational conditions and control, as well as plant performance and throughput. This is where IntelliSense.io’s technology comes in.

IntelliSense.io has combined the disciplines of mining expertise with software engineering and data science, enabling products to be designed by industry experts for end-users in the mining industry. The result is a unified technology platform, including a portfolio of process optimization applications spanning the entire mining value chain, from the mine to the plant and the markets. This is unique in the industry due to its breadth, scope and scale and it helps mining operations to become more efficient, sustainable and safe with accelerated value delivery. The platform also includes built-in simulation tools that can be used to test alternative operating conditions, train staff and run non-intrusive ‘what if’ scenarios.

BASF has a broad portfolio of mineral processing chemicals and technologies to improve process efficiencies and aid the economic extraction of valuable resources while offering global technical support to mining customers. In addition to the investment by BASF Venture Capital, BASF Mining Solutions has entered into an exclusive partnership with IntelliSense.io, bringing together their expertise in mineral processing, ore beneficiation chemistry and industrial artificial intelligence technology. The joint offering is called “BASF Intelligent Mine powered by IntelliSense.io” and delivers artificial intelligence solutions embedded with BASF mineral processing and chemical expertise.

“The world is becoming increasingly digital and artificial intelligence can make a vital contribution in many areas,” said Markus Solibieda, Managing Director of BASF Venture Capital. “The IntelliSense.io team offers a flexible and future-proof system which can help to optimize the metal lifecycle from extraction to processing to disposal. We believe in the IntelliSense.io team and the potential of this technology, and we are happy to support the further development and distribution of this innovative solution with our investment.”

Sam G. Bose, Founder and CEO of IntelliSense.io, commented: “Our fast-establishing leadership in industrial AI is driven by vertical industry-specific applications that require partnerships combining decades of industrial experience with emerging technologies. In the BASF group we are humbled to have found such a partner. We are delighted to have BVC’s support in building a category-leading industrial AI company and the capital raised will be deployed to increase our applications portfolio and support distribution capacity globally.”

About BASF Venture Capital

BASF Venture Capital GmbH (BVC) (basf-vc.com) was founded in 2001 and has offices in Europe, the U.S., China, India, Brazil and Israel. The aim of BVC is to generate new growth potential for BASF by investing in new companies and funds. The focus of investment is on chemical products and new materials, software and services as well as innovative and digital business models in the broader field of chemistry.

About BASF

At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.

About IntelliSense.io

IntelliSense.io is the leading industrial AI company enabling the industrial world to make better and reliable decisions through the use of trusted and open AI solutions. The industry we focus on is mining and our solutions are making mining operations efficient, sustainable and safe. Our real-time decision-making platform brains.app and portfolio of process optimization applications covers the entire mining value chain resulting in accelerated value delivery, reduced energy and water consumption, minimized waste and reduced process variability. Active deployments of IntelliSense.io technology span mining operations across Chile, Australia, Kazakhstan, Brazil and South Africa.

IntelliSense.io Press contact: Ryan Booth
P: +44(0)12 2358 1201 - E: ryan[.]intellisense.io.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Engineering/Artificial Intelligence Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Engineering/Artificial Intelligence articles,
CATCH Visitors via Your Competitors Announcements!


BASF Venture Capital Invests in Leading Industrial Artificial Intelligence Company IntelliSense.io

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
IntelliSense.io | BASF Venture Capital
Contact: Inga Franke - BASF.com 
+49 173 3099242 inga.a.franke[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Engineering/Artificial Intelligence via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From BASF / Company Profile


Read Engineering/Artificial Intelligence Most Recent Related Press Releases:

Frost & Sullivan Examines Seven Virtual and Augmented Reality Application Areas Boosted by Global 5G Deployment
Thales and NEHS DIGITAL Join Forces on French Defence Ministry Project to Use AI to Fight COVID-19
Voith Successfully Commissions its First Virtual Reality Training System Worldwide At LEIPA with OnCall.Video
NEC OncoImmunity AS and Oslo University Hospital Team Up to Develop a Diagnostic for COVID-19 Using Artificial Intelligence
CGS Commended by Frost & Sullivan for its Introduction of Augmented Reality in an Immersive Customer Experience Solution, Teamwork AR™
Plus One Robotics Acclaimed by Frost & Sullivan for its Unique Approach to Human-Robot Collaboration in the Logistics Industry
Data Science to Accelerate Drug Discovery with Artificial Intelligence and Machine Learning Says Frost & Sullivan
Ultromics Lauded by Frost & Sullivan for Pioneering AI-based Cardiovascular Suite, EchoGo
SAP.iO Fund Invests in Neural-Based Search Company Jina AI
Evolv Applauded by Frost & Sullivan for Its Revenue-driving Customer Experience Optimization Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com







 
  ©2020 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today