September 2019 HighByte Launches Global Beta Program for HighByte Intelligence Hub Company fuels product development with grant funding, prepares for growth
Portland, ME, September 24, 2019 — HighByte®, an industrial software company, today announced that its beta program for HighByte Intelligence Hub is now live. More than a dozen manufacturers, distributors, and system integrators from the United States, Europe, and Asia have already been accepted into the program and granted early access to the software in exchange for their feedback. HighByte Intelligence Hub will be the company’s first product to market since incorporating in August 2018. HighByte launched the beta program as part of its Agile approach to software design and development. The aim of the program is to improve performance, features, functionality, and user experience of the product prior to its commercial launch later this year. HighByte Intelligence Hub belongs to a new classification of software in the industrial market known as DataOps solutions. HighByte Intelligence Hub was developed to solve data integration and security problems for industrial businesses. It is the only solution on the market that combines edge operations, advanced data contextualization, and the ability to deliver secure, application-specific information. Other approaches are highly customized and require extensive scripting and manual manipulation, which cannot scale beyond initial requirements and are not viable solutions for long-term digital transformation. “We recognized a major problem in the market,” said Tony Paine, Co-Founder & CEO of HighByte. “Industrial companies are drowning in data, but they are unable to use it. The data is in the wrong place; it is in the wrong format; it has no context; and it lacks consistency. We are looking to solve this problem with HighByte Intelligence Hub.” The company’s R&D efforts have been fueled by two non-equity grants awarded by the Maine Technology Institute (MTI) in 2019. “We are excited to join HighByte on their journey to building a great product and a great company here in Maine,” said Lou Simms, Investment Officer at MTI. “HighByte was awarded these grants because of the experience and track record of their founding team, large addressable market, and ability to meet business and product milestones.” To further accelerate product development and go-to-market activities, HighByte is actively raising a seed investment round. For more information, please contact firstname.lastname@example.org. Additional Resources
About HighByte HighByte is an industrial software development company in Portland, Maine building off-the-shelf software that solves data architecture and security challenges for Industry 4.0. We’re developing the first DataOps solution purpose-built to meet the unique requirements of industrial assets, products, and processes at the Edge. Learn more at https://highbyte.com. About the Maine Technology Institute The Maine Technology Institute (MTI) is an industry-led and publicly funded nonprofit corporation whose core mission is to diversify and grow Maine’s economy. MTI offers grants, loans, equity investments, and services to support Maine’s innovation economy. MTI was founded and funded in 1999 by the Maine State Legislature and has made over $270 million in investments to more than 2,500 projects across the state in total. Working with private sector investors, more than $1 billion has been co-invested. For information on MTI programs, events and resources, visit the Maine Technology Institute at www.mainetechnology.org.