Rayven IOT

Company Overview

Snapshot

Founded in September 2016 by Jared Oken and Niv Schwartzman, Rayven IOT operates with 11–50 employees. The company has raised $6 million across three funding rounds. In March 2021, Rayven IOT released AI Dynamix, a drag-and-drop predictive analytics engine designed to enable non-technical users to create sophisticated real-time AI-based IoT and Industry 4.0 solutions without coding.

Business overview

Rayven IOT develops Dynamix, an all-in-one platform that integrates existing data sources and technologies to create a real-time single source of truth for businesses. Its technology enables rapid deployment of Industry 4.0-ready solutions without disruption, serving industries such as Food & Beverage, Energy, Building Materials & Construction, and Agribusinesses. The company operates in the Industrial Technologies sector, focusing on process automation and intelligence systems, leveraging AI, machine learning, and IoT for various applications including predictive maintenance and operational efficiency.

Strategic signal

In April 2021, dairy producer Riverina Fresh adopted Rayven IOT's real-time AI and IoT platform to implement a predictive and preventative maintenance regime for its machinery. This collaboration resulted in increased uptime, output, and utilization for Riverina Fresh, demonstrating the platform's capability to modernize manufacturing operations and deliver a rapid, provable return on investment without significant capital expenditure. This signals Rayven IOT's strong value proposition in driving operational efficiency and digital transformation within industrial settings.

Company Intelligence Q&A

What is Rayven IOT's core product?

Rayven IOT's core product is Dynamix, an all-in-one platform designed for building, deploying, and managing IoT solutions. It integrates existing data sources and technologies to create a real-time single source of truth for businesses.

What was a significant product release by Rayven IOT?

In March 2021, Rayven IOT released AI Dynamix, a drag-and-drop predictive analytics engine. This addition to the Rayven platform allows non-technical users to create sophisticated real-time AI-based IoT and Industry 4.0 solutions without writing code.

Which industries does Rayven IOT serve?

Rayven IOT serves a variety of industries, including Food & Beverage, Energy, Building Materials & Construction, and Agribusinesses, providing solutions for operational efficiency, predictive maintenance, and supply chain management.

What was the outcome of Rayven IOT's collaboration with Riverina Fresh?

In April 2021, dairy producer Riverina Fresh adopted Rayven IOT's real-time AI and IoT platform, leading to increased uptime, output, and utilization for their key machinery. The collaboration aimed to modernize the manufacturing business without significant capital expenditure.

When was Rayven IOT founded and by whom?

Rayven IOT was founded in September 2016 by co-founders Jared Oken and Niv Schwartzman.