CNH Industrial Joins 5G Open Innovation Lab as First Industry Partner
CNH Industrial, a global leader in the capital goods sector, has joined the 5G Open Innovation Lab (5G OI Lab) as its first industry partner to accelerate applied innovation in agriculture and manufacturing. This partnership underscores CNH Industrial's commitment to enhancing its precision farming portfolio through the development of new connected digital technologies. The 5G OI Lab, which has already welcomed 12 new startups building breakthrough innovations, aims to connect innovators with enterprises building value on global platforms supported by 5G.
Key Takeaways:
- CNH Industrial joins the 5G OI Lab as its first industry partner to accelerate innovation in agriculture and manufacturing.
- The partnership aims to develop new connected digital technologies for precision farming.
- The 5G OI Lab has welcomed 12 new startups building breakthrough innovations, including those in AI, cybersecurity, IoT, and natural language processing.
- The selected startups have cumulatively raised $203.9 million in investments to date.
- The 5G OI Lab's partner-centric approach brings together leading startup innovators, global technology platforms, and industry leaders to collaborate on next-generation technology and business solutions.
- The partnership underscores CNH Industrial's commitment to enhancing its precision farming portfolio through the development of new connected digital technologies.
- Scott Wine, CEO of CNH Industrial, expressed excitement about joining the 5G OI Lab, highlighting its unique platform for collaborating with innovative startups and engaging with bright minds working on transformative 5G technologies in the agricultural space.
Statistics:
- 12 new startups have been selected to participate in the 5G OI Lab's fourth batch, which focuses on accelerating monetization opportunities of 5G, edge computing, and other use cases.
- The selected startups have cumulatively raised $203.9 million in investments to date.
- Since the 5G OI Lab's first batch in May 2020, 69 teams have participated in the program, raising over a half a billion dollars in pre-program funding.
- 10 teams have raised an additional $107.9 million in venture funding post-program.
- The 5G OI Lab has a partner-centric approach, bringing together leading startup innovators, global technology platforms, and industry leaders to collaborate on next-generation technology and business solutions.
Sources:
- PRWeb (Press Release)
- 5G OI Lab (Press Release)
- Brodmann17 (Company Website)
- DarwinAI (Company Website)
- Juganu (Company Website)
- Metrolla (Company Website)
- MixMode (Company Website)
- OasisWorks (Company Website)
- Onclave Networks (Company Website)
- Pano (Company Website)