mCloud Technologies: $70+ Million in Revenue Expected
Artificial Intelligence (AI) solutions for the energy industry
mCloud Technologies is using data and AI to transform how energy assets are managed around the globe. Its platform AssetCare is the only asset management platform combining IoT, AI, and the cloud. This ensures assets continuously operate at peak performance.
mCloud is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Furthermore, through mCloud’s AI-powered AssetCare™ platform, mCloud offers complete asset management solutions to three distinct segments: smart facilities, power generation, and process industries including oil and gas. To explain, IoT sensors bring data from connected assets into the cloud where AI and analytics are applied to maximize their performance.
Moreover, mCloud reaches a market of over ten million immediately connectable assets. In fact, they have nearly 40,000 assets connected today on a journey to 500,000. The Company is solving the world’s most challenging energy problems.
mCloud’s leadership holds prominent leaders in high-tech, energy, and finance, led by former Honeywell president Russ McMeekin. The Company plans to list on the NASDAQ this year. They also expect to generate over $70 million in revenue in 2020.
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