Beet Analytics Technology software for manufacturers is gaining traction. The Plymouth-based startup has doubled in size over the last year as its software platform has established itself in the market, and the firm is on target to continue that growth streak.
"If things go as planned we should double our size in the next 6-12 months," says David Wang, CEO of Beet Analytics Technology
The firm provides diagnostic and analytical tools that accelerate problem solving in complex manufacturing and automation operations. Its software improves problem identification and reduces production downtime so the user can optimize productivity gains.
"The market we are looking at is hidden from everyone," Wang says. "The potential is very, very large. Probably billions of dollars."
The 3-year-old company has landed a couple of contracts with original equipment manufacturers (OEMs
) from around the world. Beet Analytics Technology now claims to have landed contracts or is in talks to sign with half of the 10 largest OEMs in the world.
"We are on the verge of winning a contract for another large OEM," Wang says.
That has allowed Beet Analytics to more than double its staff over the last year. The firm has hired seven people in senior automotive engineering and intellectual property professionals, expanding its staff to a dozen employees and one intern.
Source: David Wang, CEO of Beet Analytics Technology
Writer: Jon Zemke
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