PR Newswire
ST. LOUIS, Aug. 21, 2024
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
