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Emerson Ventures Invests in Symmera

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Emerson (NYSE: EMR) has made a strategic investment through its corporate venture capital arm, Emerson Ventures, in Symmera, an early-stage company focused on simplifying device authentication and data protection. Boulder Ventures is co-investing in this venture. Symmera's Distributed Intelligent Network (DIN) Orchestration Platform offers a scalable, secure, and vendor-agnostic solution for device fleet management, built on a zero-trust architecture.

The platform aims to address the increasing complexity and cost of managing device lifecycles and security while enabling trusted data streams for AI, machine learning, and advanced analytics. Symmera's technology aligns with Emerson's initiatives in lifecycle management of devices and secure field communications, offering a unique 'one-pane-of-glass' approach for fleet management security.

Emerson (NYSE: EMR) ha effettuato un investimento strategico attraverso il suo ramo di venture capital, Emerson Ventures, in Symmera, una società in fase embrionale focalizzata sulla semplificazione dell'autenticazione dei dispositivi e della protezione dei dati. Boulder Ventures partecipa a questo investimento. La Piattaforma di Orchestrazione della Rete Intelligente Distribuita (DIN) di Symmera offre una soluzione scalabile, sicura e indipendente dai fornitori per la gestione della flotta di dispositivi, basata su un'architettura a fiducia zero.

La piattaforma mira a risolvere la crescente complessità e i costi di gestione del ciclo di vita dei dispositivi e della sicurezza, consentendo al contempo flussi di dati affidabili per AI, machine learning e analisi avanzate. La tecnologia di Symmera si allinea con le iniziative di Emerson nella gestione del ciclo di vita dei dispositivi e nelle comunicazioni sicure sul campo, offrendo un approccio unico di 'una sola visuale' per la sicurezza nella gestione della flotta.

Emerson (NYSE: EMR) ha realizado una inversión estratégica a través de su brazo corporativo de capital de riesgo, Emerson Ventures, en Symmera, una empresa en etapa temprana enfocada en simplificar la autenticación de dispositivos y la protección de datos. Boulder Ventures está co-invirtiendo en esta iniciativa. La Plataforma de Orquestación de Red Inteligente Distribuida (DIN) de Symmera ofrece una solución escalable, segura e independiente del proveedor para la gestión de flotas de dispositivos, construida sobre una arquitectura de confianza cero.

La plataforma tiene como objetivo abordar la creciente complejidad y costo de la gestión de ciclos de vida de dispositivos y seguridad, al tiempo que permite flujos de datos confiables para IA, aprendizaje automático y análisis avanzados. La tecnología de Symmera se alinea con las iniciativas de Emerson en la gestión del ciclo de vida de dispositivos y comunicaciones seguras en el campo, ofreciendo un enfoque único de 'una sola vista' para la seguridad en la gestión de flotas.

Emerson (NYSE: EMR)은 자회사인 Emerson Ventures를 통해 Symmera에 전략적 투자를 했습니다. Symmera는 디바이스 인증과 데이터 보호를 간소화하는 데 초점을 맞춘 초기 단계 기업입니다. Boulder Ventures도 이 투자에 공동 투자하고 있습니다. Symmera의 분산 지능형 네트워크(DIN) 오케스트레이션 플랫폼은 제로 트러스트 아키텍처를 기반으로 한 디바이스 플릿 관리에 대한 확장 가능하고 안전하며 공급업체 중립적인 솔루션을 제공합니다.

이 플랫폼은 디바이스 라이프사이클과 보안 관리의 복잡성과 비용이 증가하는 문제를 해결하고 AI, 머신 러닝 및 고급 분석을 위한 신뢰할 수 있는 데이터 스트림을 가능하게 하는 것을 목표로 합니다. Symmera의 기술은 장치의 라이프사이클 관리 및 안전한 현장 통신에 대한 Emerson의 이니셔티브와 일치하며, 플릿 관리 보안을 위한 독특한 '원 페이지 보기' 접근 방식을 제공합니다.

Emerson (NYSE: EMR) a réalisé un investissement stratégique par l'intermédiaire de son bras de capital-risque, Emerson Ventures, dans Symmera, une entreprise en phase de démarrage axée sur la simplification de l'authentification des appareils et de la protection des données. Boulder Ventures co-investit dans ce projet. La Plateforme d'Orchestration du Réseau Intelligent Distribué (DIN) de Symmera propose une solution évolutive, sécurisée et indépendante des fournisseurs pour la gestion des flottes d'appareils, reposant sur une architecture à confiance zéro.

Cette plateforme vise à répondre à la complexité croissante et aux coûts associés à la gestion des cycles de vie des appareils et à la sécurité, tout en permettant des flux de données fiables pour l'IA, l'apprentissage automatique et les analyses avancées. La technologie de Symmera s'aligne avec les initiatives d'Emerson dans la gestion du cycle de vie des appareils et des communications sécurisées sur le terrain, offrant une approche unique de 'vue unique' pour la sécurité dans la gestion des flottes.

Emerson (NYSE: EMR) hat über seinen Unternehmens-Startup-Fonds, Emerson Ventures, eine strategische Investition in Symmera getätigt, ein Unternehmen in der Frühphase, das sich auf die Vereinfachung der Authentifizierung von Geräten und den Datenschutz konzentriert. Boulder Ventures beteiligt sich an dieser Investition. Das Distributed Intelligent Network (DIN) Orchestrationsplattform von Symmera bietet eine skalierbare, sichere und anbieterneutrale Lösung für das Flottenmanagement von Geräten, die auf einer Zero-Trust-Architektur basiert.

Die Plattform zielt darauf ab, die zunehmende Komplexität und die Kosten bei der Verwaltung des Lebenszyklus von Geräten und der Sicherheit zu bewältigen und gleichzeitig vertrauenswürdige Datenströme für KI, maschinelles Lernen und fortschrittliche Analysen zu ermöglichen. Die Technologie von Symmera stimmt mit den Initiativen von Emerson im Lebenszyklusmanagement von Geräten und sicheren Feldkommunikationen überein und bietet einen einzigartigen 'One-Pane-of-Glass'-Ansatz für die Sicherheit des Flottenmanagements.

Positive
  • Strategic investment in emerging technology for secure device management
  • Alignment with Emerson's initiatives in lifecycle management and secure communications
  • Potential to address growing industry needs for enhanced security and operational efficiency
Negative
  • None.

Symmera's DIN Orchestration Platform represents a significant leap in IoT security. Its zero-trust architecture and quantum-proof cryptography address critical vulnerabilities in current systems. The platform's vendor-agnostic approach and compatibility with industrial protocols position it well for wide adoption. However, the real game-changer is its automated key and certificate lifecycle management, which could drastically reduce the operational overhead for security teams.

While promising, the platform's success will hinge on its ability to seamlessly integrate with existing infrastructure and prove its scalability in large-scale industrial deployments. Emerson's investment suggests confidence in Symmera's technology, but it's important to monitor how quickly it can be implemented across Emerson's vast device ecosystem.

Emerson's strategic investment in Symmera aligns with the growing cybersecurity market, estimated to reach $366.10 billion by 2028 with a CAGR of 12%. This move could potentially enhance Emerson's competitive edge in the industrial automation sector. However, the financial impact remains speculative without disclosed investment figures or revenue projections.

Investors should note that while this investment diversifies Emerson's portfolio in the high-growth IoT security space, early-stage investments carry inherent risks. The success of this venture will depend on Symmera's ability to scale its technology and Emerson's effectiveness in integrating it into its existing product lines. Keep an eye on Emerson's future earnings reports for any mention of revenue contributions or synergies from this investment.

The IoT device management market is projected to grow from $2.5 billion in 2022 to $15.5 billion by 2032, presenting a significant opportunity for Symmera and Emerson. This investment strategically positions Emerson to capitalize on the increasing demand for secure, scalable IoT solutions in industrial settings.

However, the market is highly competitive, with established players like Microsoft and AWS offering robust IoT security solutions. Symmera's success will depend on its ability to differentiate its offering and demonstrate clear value propositions to potential customers. The partnership with Emerson could provide Symmera with valuable industry insights and a potential customer base, potentially accelerating its market penetration. Monitoring Symmera's customer acquisition rate and any announcements of major industrial deployments will be key indicators of the investment's success.

Strategic investment supports emerging technology for secure device management

ST. LOUIS, Aug. 21, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced it has made a strategic investment through its corporate venture capital arm Emerson Ventures in Symmera, an early-stage company simplifying device authentication and data protection. Boulder Ventures will co-invest with Emerson.

Through Emerson Ventures' value-add strategic investment approach, Emerson is investing in promising new technology: Symmera's scalable, highly available and secure Distributed Intelligent Network (DIN) Orchestration Platform. This innovative device fleet management platform is compatible with industrial protocols and standards, vendor agnostic and built on a zero-trust architecture, providing the next generation of digital security in connected devices.  

Symmera seeks to help customers address the increasing complexity and cost of managing the lifecycle and security of devices while enabling trusted data streams from devices to accelerate artificial intelligence, machine learning and advanced analytics.

"Symmera aligns closely with many Emerson initiatives surrounding lifecycle management of devices and secure field communications," said Thurston Cromwell, head of Emerson Ventures and vice president of development and innovation at Emerson. "The platform offers a unique, one-pane-of-glass approach for fleet management security and secure field communications that will have wide-ranging applications across essential industries."

Combining zero-trust architecture with automated key and certificate lifecycle management, Symmera's DIN Orchestration Platform will help ensure automation systems are protected against emerging cyber threats. In addition, its capabilities in device identity and security management will help address the industry's growing need to enhance security and drive operational efficiency.

"Symmera is uniquely positioned to seize the industry's demand for secure, scalable IoT/IIoT solutions by delivering trusted operations through the power of quantum-proof cryptography and streamlined device management," said Srinivas Kumar, chief executive officer and co-founder of Symmera. "Given Emerson's leadership in intelligent industrial devices as well as its broad expertise in legacy and new protocols and field communication networks, we look forward to gaining hands-on experience to bolster our device authentication and protection capabilities in this increasingly complex digital landscape."

About Emerson
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world's essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.    

About Symmera
Symmera is a technology and software company providing innovative solutions for enterprise digitalization. Through its SaaS orchestration platform for devices, Symmera helps manufacturers and end-users implement simplified and robust solutions based on open standards, with low to zero coding, at reduced costs to increase operational efficiencies. Symmera's patented Distributed Intelligent Network (DIN) platform helps operators establish cyber trust in connected devices and harvest unprecedented device intelligence for security, scalability, availability, and interoperability to enrich data driven analytics in the emerging AI/ML and IT/OT converged ecosystems. For more information, visit www.symmera.com.

About Boulder Ventures
Founded in 1995 and based in Boulder, Colorado, Boulder Ventures invests in high-potential information technology and biotechnology companies. For more information, visit www.boulderventures.com

Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the Company's ability to successfully complete on the terms and conditions contemplated, and the financial impact of, the proposed National Instruments transaction, the scope, duration and ultimate impacts of the COVID-19 pandemic and the Russia-Ukraine conflict, as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

 

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SOURCE Emerson

FAQ

What is the purpose of Emerson's investment in Symmera?

Emerson (EMR) invested in Symmera to support emerging technology for secure device management, aligning with Emerson's initiatives in lifecycle management of devices and secure field communications.

What is Symmera's main product offering?

Symmera offers a Distributed Intelligent Network (DIN) Orchestration Platform, which is a scalable, secure, and vendor-agnostic solution for device fleet management built on a zero-trust architecture.

How does Symmera's technology benefit industrial operations?

Symmera's technology helps address the complexity and cost of managing device lifecycles and security, enables trusted data streams for AI and analytics, and enhances protection against cyber threats in automation systems.

When did Emerson (EMR) announce its investment in Symmera?

Emerson (EMR) announced its investment in Symmera on August 21, 2024.

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