Engie has taken a minority stake in video and data analytics technology outfit Vyntelligence.
Vyntelligence’s smart video technology enables industrial companies gain “greater visibility and insights” over their assets and operations.
It works by allowing field engineers to create smart video reports directly on site.
Vyntelligence’s artificial intelligence software enables businesses to “interpret, analyse and act” on generated data insights.
In addition to the investment, Engie and Vyntelligence will collaborate on a technical and commercial partnership to develop custom data collection and analytics solutions that support Engie’s focus on sustainability and transition to renewables.
The collaboration will use the start-up’s field intelligence capabilities and Engie’s knowledge to deliver “improved sustainability and asset performance” services for Engie’s clients.
Engie New Ventures managing director Hendrik van Asbroeck said: “Our investment in Vyntelligence aligns with Engie’s strategy to digitise our activities by adopting innovative solutions across our various energy service businesses.
“Rich data collection and application of AI techniques will enable use cases in predictive services and intervention that can add substantial value across our clients and assets”
Vyntelligence chief executive Kapil Singhal said: “Engie’s leadership in applying digital tools to its service industry activities makes it an ideal partner as we move into this next phase of growth.
“Our clients across telecoms, manufacturing, utilities and service sectors have found Vyntelligence saves cost, increases revenue and enhances customer experience with simple and fast changes to their field workflows.”