|By PR Newswire||
|January 6, 2014 12:30 PM EST||
DETROIT, Jan. 6, 2014 /PRNewswire/ -- Castrol innoVentures, the strategic innovation arm of Castrol, confirmed today their plans to further invest in the development of smart mobility trends of the future.
Customers are demanding more efficient technology-led solutions in a range of transport sectors from shipping to trucking to consumer automotive and this has fueled Castrol innoVenture's investment strategy. Castrol innoVentures has made three recent investments towards this vision including Peloton, GreenSteam™ and Zubie.
"A pioneering company at its core, Castrol understands that the exchange of ideas and technologies between the automotive and tech industries has never been so vibrant and rich as it is today," said A.S. Ramchander, Castrol's VP Global Marketing. "Castrol innoVentures is the catalyst for these new types of smart mobility technologies to allow Castrol to innovate in and beyond lubricants in the transportation space."
"Our investments reflect our ongoing interest in technologies that have significant potential to offer better driving and maintenance experiences in the connected vehicle space as well as greater efficiency for our customers. We have invested in companies that are leading the way in these areas and are keen to further invest in technologies and solutions that make our customers' lives easier," said Angel Gambino, General Manager, Smart Mobility, Castrol innoVentures.
Peloton Technology is advancing safety and efficiency technology solutions in the heavy truck industry. Peloton aims to reduce collisions and offer fuel savings of more than ten percent for users of its technology, which enables pairs of trucks to connect wirelessly and form an aerodynamic platoon. Castrol innoVentures' investment provides Peloton an opportunity to be one step closer to delivering their technology to the market.
Castrol innoVentures has also invested US$2 million in GreenSteam™, a technology company specialized in energy saving solutions for commercial marine vessels. Founded in 2006, GreenSteam™ develops advanced fuel saving systems that provide a reduction in the energy consumption of a ship of up to five percent. This software recommends new settings to optimize the trim and draft of a vessel, minimizing propulsion resistance. GreenSteam Optimizer is designed to react dynamically to changes in the ship's condition and environment, making it possible to operate with the greatest fuel efficiency.
In addition, Castrol innoVentures is part of a deal that raised $10 million in a round of Series A funding for Zubie. Launched nationally in September, the Zubie Service has the potential to make driving and owning a car easier and less expensive. The Zubie Key, a cellular device that plugs directly into a car, captures valuable vehicle and driving data for car owners and drivers. Data includes car diagnostics, family safety location-based alerts, driving behavior reports and several features to make daily driving easier – including travel coordination tools.
A particular area of focus for Castrol innoVentures is passenger car 'smart mobility'. With the investments already made in this area, and a strengthening of the executive team in this space, and with these and future investments Castrol innoVentures is committed to continuing to raise the bar in solving consumer problems and improve experience in the area of mobility. It is actively looking to invest in the telematics space, allowing aftermarket connection of cars to the internet via 4G and allowing for an app platform for automobiles.
To learn more about Castrol innoVentures, please visit: http://castrolinnoventures.com/.
About Castrol innoVentures
Castrol innoVentures is based in the UK with a global remit. It seeks out and invests in new business opportunities to support Castrol's core lubricants business and to develop options beyond lubricants. The Castrol innoVentures group was created to focus on investing in and building businesses that significantly improve customer experiences in the automotive aftermarket, among other sectors. The group makes strategic investments in technology start-ups that help its customers improve efficiencies. They also run a broader programme of open innovation, exemplified by the Castrol 20/20 challenge events in London, New York and Shanghai.
About Peloton Technology Inc.
Founded in 2011 by a team of Silicon Valley entrepreneurs, Peloton Technology addresses major pain points of today's trucking fleets – accidents and fuel costs. The system developed by Peloton uses radar, DSRC and cellular vehicle-to-vehicle communications to link active safety systems between pairs of trucks, allowing them to travel safely in aerodynamic platoons, Peloton's connected-vehicle technology promises to improve safety and fuel efficiency for trucking fleets, and to support a variety of intelligent transportation applications serving industry and transportation agencies. www.peloton-tech.com
GreenSteam™ is a technology company specialized in energy saving solutions for commercial vessels. Behind GreenSteam is a team of dedicated, highly educated engineers and scientists who have spent years of research to combine common-sense principles with advanced engineering to create a practical, simple-to-use energy saving system making it possible to reduce fuel consumption by 4-5% on average. The company was founded by three M.Sc. candidates from the Technical University of Denmark in 2006 and is today based in the Faroe Islands in the North Atlantic as well as in Copenhagen, Denmark.
Zubie is a mobile and Internet services company focused on maximizing connected car capabilities for consumers and businesses. The company, formerly known as GreenLight Connectivity Solutions, was formed in 2012, and is headquartered in Charleston, SC, with operational offices in the Minneapolis area. http://www.zubie.co
SOURCE Castrol innoVentures
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Mar. 1, 2017 03:30 PM EST Reads: 2,059
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Mar. 1, 2017 03:30 PM EST Reads: 2,258
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Mar. 1, 2017 03:15 PM EST Reads: 2,924
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
Mar. 1, 2017 03:15 PM EST Reads: 457
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo and Big Data at Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY, , and the 21st International Cloud Expo, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can he...
Mar. 1, 2017 03:15 PM EST Reads: 397
Artificial Intelligence has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Javits Center in New York, June 6-8, will find fresh new content in a new track called Cognitive Computing | Artificial Intelligence, Machine Learning, Deep Learning. Cloud Expo is still accepting submissions for this new track, so please visit www.cloudcomputingexpo.com for the latest information. 2...
Mar. 1, 2017 03:15 PM EST Reads: 310
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
Mar. 1, 2017 03:15 PM EST Reads: 6,683
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
Mar. 1, 2017 03:00 PM EST Reads: 6,344
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's DevOps Summit at Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq specializes in creating innovative solutions to solve business processes through the use of DevOps automation. Addteq was founded on the firm belief that automation is essential for successful software releases. Addteq's products and services are centered around the fundamental approach of understanding the p...
Mar. 1, 2017 02:45 PM EST Reads: 117
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Mar. 1, 2017 02:45 PM EST Reads: 2,220
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Mar. 1, 2017 02:45 PM EST Reads: 1,030
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Mar. 1, 2017 02:30 PM EST Reads: 1,975
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Mar. 1, 2017 02:30 PM EST Reads: 520
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning inf...
Mar. 1, 2017 02:28 PM EST Reads: 136
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Mar. 1, 2017 02:15 PM EST Reads: 2,802