Arundo Company Research Report
Company Overview
- Name: Arundo
- Mission: Arundo’s mission is to deliver tailored, scalable, advanced analytics solutions to meet customers' business needs for increased market differentiation, sustainability, and greater efficiency.
- Founded: 2015
- Founder: Tor Jakob Ramsøy
- Key People:
- Martin Lundqvist, CEO
- Chris Wang, CFO & HR Director
- Christian Pedersen, CTO
- Ioannis Stavridis, VP Sales
- Mark Tibbetts, VP of Product - Equipment Analytics
- Headquartered: Multiple locations:
- Oslo, Norway
- Houston, Texas, USA
- Stockholm, Sweden
- Heidelberg, Germany
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Arundo is known for transforming industrial operations through machine learning and advanced analytics, focusing on critical equipment and high-value processes across multiple industries, including oil & gas, maritime, chemicals, and renewables.
Products
Arundo offers a range of products tailored to optimize industrial processes, integrate with existing systems, and enhance sustainability efforts.
1. Marathon
- Description: A suite for continuous equipment monitoring, providing prescriptive actions to prevent downtime, reduce lifecycle costs, and lower energy consumption.
- Key Features:
- Continuous monitoring of critical equipment
- Suggests prescriptive actions
- Reduces downtime and energy consumption
2. Edge
- Description: Facilitates efficient streaming of IoT sensor data from control systems to the cloud and allows deployment and monitoring of machine learning models.
- Key Features:
- One-click model deployment
- Secure data streaming
- System performance monitoring
3. CarbonPath
- Description: Manages Scope-3 emissions for the shipping value chain, enhancing compliance with emissions reporting requirements.
- Key Features:
- Secure emissions sharing across the value chain
- Supports different calculation methods
- Integrates seamlessly with existing business intelligence platforms
4. Energy Optimizer
- Description: Uses AI for reducing energy costs and enhancing grid stability in industrial processes with varying power demands.
- Key Features:
- Forecasts electricity prices using machine learning
- Provides optimal power profiles for cost reduction
- Supports modulating processes like electrolysis and smelting
5. SPYRO® for Asset Management (SAM)
- Description: Enterprise software for managing and optimizing ethylene and propylene plant infrastructure.
- Key Features:
- Asset management and optimization
- Predictive analytics and machine learning capabilities
- High system uptime and CO2 emission analysis
Recent Developments
- New Products Launched:
- CarbonPath: Launched to manage Scope-3 emissions in the shipping industry.
- Energy Optimizer: Introduced to help reduce energy costs in volatile markets.
- New Features and Partnerships:
- Partnership with Technip Energies: Since 2018 for the SPYRO® platform to integrate digital twin and machine learning capabilities.
- Sustainability Initiatives: Introduction of the Sustainability Manager, aiding leaders in tracking and achieving Net Zero 2050 goals.
- Technological Advancements:
- Pioneering the use of digital twin technology for predictive analytics.
- Integrating advanced anomaly detection capabilities within Arundo Edge.
- Case Studies and Impact:
- Partnered with Flex LNG for condition-based maintenance improvements.
- Enhanced analytics for offshore logistics, reducing non-productive time by 15%.
No additional commentary is necessary, and this report will serve to provide comprehensive insights into Arundo's current business landscape, its product offerings, and the company’s efforts toward sustainability and industrial efficiency.
