Numenta Announces Licensing of Grok for IT Analytics to Avik Partners
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Numenta, Inc., a leader in machine intelligence, today announced a strategic partnership with Avik Partners, a new IT services and advanced analytics company, for its Grok for IT Analytics on AWS technology. The announcement was made during the Smart Data Conference being held in San Jose, CA. (See Numenta at Booth #406.)
Grok for IT Analytics on AWS detects anomalies in Amazon Web Services server metrics and is currently available on the Amazon Web Services Marketplace. As part of this strategic relationship, Numenta will transfer the Grok application and the Grok brand to Avik under a broad general licensing agreement for Numenta’s Hierarchical Temporal Memory (HTM) technology. Numenta also will take a minority ownership position in Avik.
“Our core HTM technology can be applied to such a broad array of machine intelligence solutions, it would be impossible for us to pursue commercialization in all of these verticals. We decided that the best approach for us, like that taken by premier research institutions, is a licensing and technology transfer model. It is an exciting way for us to see our HTM applications built out for commercial use,” said Numenta CEO Donna Dubinsky.
She added, “In Casey Kindiger, the CEO of Avik, we found the perfect match to take Grok for IT Analytics and run with it. He is a proven entrepreneur who is starting this new venture to apply HTM technology to solve problems in IT analytics.”
Kindiger, a veteran enterprise software solutions provider and consultant, founded Avik after more than a decade of designing and developing process automation solutions for companies like JP Morgan Chase, T-Mobile, Allstate Insurance, and others.
“HTM offers substantially better technology for finding anomalies and is well suited to the needs of today’s streaming data in IT and dev ops environments,” said Kindiger. “We are very excited to be able to take the Grok technology and brand, move it forward and build on it.”
During the past two years, Numenta has created a series of example applications to illustrate the capabilities of HTM, beginning with Grok for IT Analytics on AWS. The HTM technology also has been applied to anomaly detection in stock prices and volumes (Grok for Stocks), human behavior, geo-spatial tracking data, and to the predication and classification of natural language. For the latter application, Numenta recently announced a partnership and licensing agreement with Cortical.io, an innovator in natural language processing (NLP), to license HTM and use the technology for the development of language intelligence products.
“We will continue to create example applications to inspire others, and hope to create a constellation of partnerships like Avik and Cortical.io going forward to enable broad commercialization of HTM technology,” Dubinsky concluded.
Numenta, Inc. was founded in 2005 to be a leader in the emerging field of machine intelligence. Numenta builds technology that helps companies automatically and intelligently act on machine generated data. Its biologically inspired machine learning technology is based on a theory of the neocortex first described in co-founder Jeff Hawkins’ book, On Intelligence. In addition, Numenta has created NuPIC (Numenta Platform for Intelligent Computing) as an open source project (www.numenta.org). Numenta is based in Redwood City, California.
To contact Avik Partners and for further information about Grok for IT Analytics, go to www.Grokstream.com.
Source: Numenta Announces Licensing of Grok for IT Analytics to Avik Partners
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