CEO and co-founder Prakash Chakravarthi honored as a global pioneer in the IIoT space
ROCKVILLE, MD (August 31, 2020) – Machfu CEO and co-founder Prakash Chakravarthi has been named Entrepreneur of the Year 2020 by SiliconIndia SI Tech 20, the company announced today. The magazine’s annual award issue, now live online, has become synonymous with the leading Indian-founded companies in the U.S.
Prakash notes that 95 percent of the world’s industrial machines are not automated due to high costs and proprietary communication protocols that make them difficult to connect to back end systems and the cloud. Machfu has solved this problem by offering seamless connectivity between valuable industrial assets, legacy systems, and cloud-based platforms.
“With experience across multiple verticals such as utilities, oil and gas, water, agriculture, rail, transportation, factory floors, and building controls, we understand the customer pain points, the historical barriers to scaling, and why now is the perfect timing for IoT to revolutionize these industries,” Chakravarthi told the magazine. “The value of automation that Machfu brings is enhanced, now more than ever, to achieve remote diagnostics and configuration in a way that gives clients complete visibility into their entire fleet of assets and make decisions based on real-time data.”
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Machfu’s solutions are designed to address edge computing needs for critical infrastructure and industrial applications. Machfu provides secure edge to cloud connectivity for industrial controllers, SCADA systems, and other sensors in the field. Its unique low power edge intelligence capabilities, powered by a sandboxed, customizable application framework, greatly simplify configuring, connecting, managing, and processing data from sensors and controllers speaking legacy or modern protocols. Machfu increases visibility of critical infrastructure and reduces operational downtime and maintenance costs. Learn more at www.machfu.com.