kWantera, LLC is a predictive "Big Data" analytics company serving a wide variety of customers, including process industries, and financial services firms. We improve the accuracy and quality of critical, real-time decisions driven by large, complex and disparate data sources. We developed a real-time predictive analytics platform using large-scale distributed computing, and machine learning that aids real-time decision. SmartFusion Analytics platform relies on four sub-systems capable of taking disparate data streams, fusing them, analyzing them, and providing accurate and real-time predictions and recommendations – all at a reasonable cost. Through the development of products such as SmartPQM and SmartDR, we are able to assist a variety of businesses and industries such as Allegheny Technologies, Accenture, and Carnegie Mellon Universities in the reduction of power consumption, improved continuity of operations and on-demand response to power needs. AGSM is providing a bridge loan for kWantera and expects to invest in their growth round in the summer of 2011.
Achievements to Date
Recruited a $3.5 million investment by GE Ventures
Negotiated a revenue sharing agreement with GE Renewables.
Created a number of new products to assist customers in optimizing energy costs including Faraday, Dart and Peak.
Created revenue sharing agreement with several energy wholesalers.
Established an Energy Hedge Fund kWantix for trading on the electrical and gas spot markets for company profits.