E.ON SE and NEC Corporation led an $8 million investment into Space‐Time Insight, a provider of situational intelligence solutions. The strategic investment will be used to accelerate Space-Time Insight’s real-time visual analytic initiatives throughout North America, Europe and Asia.
“The success of our grid and renewables initiatives rely on the ability to understand how our assets are performing, how we reduce risk, and what situations we need to respond to immediately,” said Susana Quintana-Plaza, senior vice president for Technology and Innovation at E.ON. “Our investment in Space-Time Insight reflects both our confidence in a market leader in visual analytics as well as a belief that the company’s software can greatly improve operational efficiency across our organization worldwide.”
NEC’s investment follows the formation in 2014 of a strategic partnership with Space-Time Insight in Japan and the Asia Pacific.
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