Cumulus Digital Systems, the Internet of Tools™ platform for the industrial workforce, today announced its inclusion on the CNBC Upstart 100 List, an annual list that covers the top, fastest-growing start-ups to watch in 2019.
As other industries embrace new technologies, industrial maintenance and construction lags far behind on the road to digitalization. Cumulus is closing this gap by enabling a completely connected and data-driven workforce, where poor work quality no longer causes accidents, unplanned downtime, and rework. The Internet of Tools platform collects and analyzes data from tools in the field to provide a single source of “truth” for real-time quality assurance and progress tracking.
Cumulus’ flagship Internet of Tools™ product is the award-winning Smart Torque System (STS). STS gives facility owners real-time visibility into productivity and work quality during safety-critical industrial bolting activities — enabling them to know who completed the work, how long it took them to do it, and how well it was done. In the past year, STS has been deployed at energy facilities in the United States, Canada, India, Malaysia, Singapore, and Trinidad & Tobago.
The Upstart 100 is CNBC’s exclusive list of promising young start-ups, featuring a diverse group of companies that are building brands and breaking industry barriers on the path to becoming tomorrow’s household names. In order to be eligible for this list, companies must be private and independent companies with no more than $50 million in funding at a level B series or earlier.
“Being included on this prestigious list is additional validation of the market need for our product and the massive size of our opportunity,” said Matthew Kleiman, co-founder and CEO, Cumulus Digital Systems. “We’re thrilled to sit amongst such good company and be recognized by CNBC. This is additional motivation to continue to change the industrial workforce to be fully connected and data-driven, making industrial facilities safer, cleaner, and more productive.”
This announcement follows the company’s recent appointments of John Paul Guerrero and Nixon Kong as Commercial Directors, who are responsible for leading Cumulus’ sales, business development, and key account management in the Americas and Asia, respectively. This announcement also comes after Cumulus’ STS was selected as the winner of the “2019 Industrial IoT Innovation of the Year” award from the annual IoT Breakthrough Awards Program.
For more information on the CNBC Upstart 100 List, visit: https://www.cnbc.com/upstart/.
About Cumulus Digital Systems
Cumulus Digital Systems connects workers, tools, and data to its cloud-hosted Internet of Tools™ platform to make industrial facilities safer, cleaner, and more productive. By collecting data from digitally-enabled tools in the field, Cumulus’ platform provides maintenance and construction managers with real-time quality assurance and progress tracking, eliminating costly and unnecessary rework on the job. Founded in 2018 as a spin-out from Shell TechWorks, Cumulus currently operates globally to improve productivity and work quality during safety-critical industrial bolting activities. To learn more about Cumulus, visit www.cumulusds.com.