Announcements Archives - Page 2 of 4

Cognitive AI market value grows with the integration of new digitalization tools and workflow technologies

Glendale, CA – March 2, 2022 – Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors, today announced the company’s acquisition of Altec Products, Inc. (Altec), a leading provider of integrated document management and workflow solutions. The addition of Altec to Beyond Limits will enable accelerated product growth and drive digital transformation in new markets, furthering Beyond Limits’ mission to create world-class solutions for businesses that improve performance and enhance human decision-making.

“At Beyond Limits, we believe in the power of artificial intelligence to amplify the talents and capabilities of people,” said AJ Abdallat, CEO of Beyond Limits. “Our Cognitive AI solutions are used across energy, manufacturing, and healthcare sectors to tackle the toughest challenges and help individuals make faster, more efficient decisions to manage risk and drive profitability. Altec’s technology and approach to streamlined digital operations was a natural fit with our approach to AI, and we’re very excited to bring new value to the market together.”

Altec provides powerful, digitally integrated document management and workflow solutions. The company’s flagship product, DocLink, helps companies manage their data, documents, and processes, assisting them along their digital transformation journeys. With tight ERP integration, DocLink delivers tangible benefits measured by accelerated approval cycles, missed deadline elimination, and human error reduction. The results are improved access, visibility, and control over data and documents, alongside improved processes for employees, customers, and suppliers.

Beyond Limits’ acquisition of Altec further bolsters the company’s strategic partnerships and integrations focused on digital transformation and AI-readiness in key sectors around the world. Altec’s strong industry position, unique product offerings, and loyal customer base provide new product and market opportunities, as well as transformational capital for furthering its accelerated growth.

“We are excited about the next stage in our growth with Beyond Limits, especially as we share a common focus on delivering long-term value to our customers,” said Don Howren, President and Chief Operating Officer for Altec. “Our partnership with Beyond Limits will help us further energize our business and accelerate opportunities, and I look forward to working with our management team and dedicated employees to reach the next level of our company’s growth. In that context, we remain focused on developing world-class products and providing unrivaled customer service and support.”

As part of the acquisition, Altec will continue offering its core document management and workflow solutions directly to the market. Altec will also operate as a wholly-owned subsidiary of Beyond Limits. TechStrat acted as financial advisor to Altec. Financial details of the transaction were not disclosed.

About Beyond Limits

Beyond Limits is an enterprise-scale AI company that optimizes operations, boosts efficiency, and increases productivity for demanding industries including energy, utilities, and healthcare.

Beyond traditional artificial intelligence, our software products are powered by Beyond Limits’ award-winning Cognitive AI technology, utilizing a hybrid AI approach that combines data-centric techniques with embedded human knowledge to affirm trust in software-driven decisions, manage operational risk, and drive profitability.

Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by Frost & Sullivan as a Company of the Year for their 2021 Best Practices Award and by CB Insights on their 2020 List of Top 100 Most Innovative Artificial Intelligence Startups.

For more information, please visit www.beyond.ai.

About Altec

Altec’s document management and process automation solution DocLink helps companies connect their people, processes, and data by automating tasks in accounts payable and beyond into other enterprise departments. DocLink enables companies to digitally transform their operation, improving productivity and ultimately saving companies significant time and money. Thousands of companies globally use DocLink on-premise, in the cloud or in hybrid environments. Altec enjoys strong, collaborative partnerships with ERP providers including Microsoft, Sage, Acumatica, AmTech, Key2Act, Epicor, and SAP B1.

Learn more at www.altec-inc.com.

TO LEARN ABOUT ALL OF THE INDUSTRIES WHERE BEYOND LIMITS AI IS MAKING HUGE IMPACTS, CHECK THEM OUT – HERE.

5 JANUARY 2022

LOS ANGELES, CA

Beyond Limits Earns Placement on Built In’s Best Places to Work Awards

Built In today announced that Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors, was honored in its 2022 Best Places to Work Awards. Specifically, Beyond Limits earned a place under Built In’s ‘LA Best Midsize Companies to Work For’ category. The annual awards program includes companies of all sizes, from startup to enterprise, and honors both remote-first employers as well as companies within the eight largest tech markets across the U.S.

“We are beyond proud to be recognized for our company culture – something every member of the organization values. Creating a welcoming environment that inspires innovation will always be a top priority for Beyond Limits,” says AJ Abdallat, CEO and Founder, Beyond Limits. “Seeing our name among the other outstanding honorees for this year’s award will only bolster our commitment to maintaining an organization where creators want to work.”

Built In determines the winners of Best Places to Work based on an algorithm, using company data about compensation, benefits and companywide programming. To reflect the benefits candidates are searching for more frequently on Built In, the program also weighs criteria like remote and flexible work opportunities, programs for DEI and other people-first cultural offerings.

“It is my honor to extend congratulations to the 2022 Best Places to Work winners,” says Sheridan Orr, Chief Marketing Officer, Built In. “This year saw a record number of entrants — and the past two years fundamentally changed what tech professionals want from work. These honorees have risen to the challenge, evolving to deliver employee experiences that provide the meaning and purpose today’s tech professionals seek.”

ABOUT BUILT IN

Built In is creating the largest platform for technology professionals globally. Monthly, more than three million of the industry’s most in-demand professionals visit the site from across the world. They rely on our platform to stay ahead of tech trends and news, develop their careers and find opportunities at companies whose values they share. Built In also serves 1,800 innovative companies of all sizes, ranging from startups to the Fortune 100. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach tech professionals, locally, nationally or remotely. www.builtin.com

ABOUT BUILT IN’S BEST PLACES TO WORK

Built In’s esteemed Best Places to Work Awards, now in its fourth year, honor companies across numerous categories: 100 Best Places to Work, 50 Best Small Places to Work, 100 Best Midsize Places to Work, 50 Companies with the Best Benefits and 50 Best Paying Companies, 100 Best Large Companies to Work For, and 50 Best Remote-First Places to Work.

ABOUT BEYOND LIMITS

Beyond Limits is an enterprise-scale AI company that optimizes operations, boosts efficiency, and increases productivity for demanding industries including energy, utilities, and healthcare.

13 DECEMBER 2021

ABU DHABI

Companies sign Memorandum of Understanding at ADIPEC 2021 to jointly boost innovation and AI commercialization to support oil and gas organizations in the UAE

AIQ, ADNOC’s Artificial Intelligence (AI) joint venture with Group 42, and Beyond Limits, a pioneer in industrial and enterprise-grade AI technology, signed a Memorandum of Understanding to explore collaboration in the development of new AI solutions that accelerate energy transition for the oil & gas industry.

The partnership will support both companies’ innovation efforts in AI to empower organizations in the energy sector to boost performance, optimize operations and increase revenues. It will also see AIQ and Beyond Limits collaborate on advancing the commercialization of AI in a way that delivers a positive impact across the oil & gas value chain.

The Memorandum of Understanding was signed during the groundbreaking Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2021 by Omar Al Marzooqi, CEO of AIQ and AJ Abdallat, CEO of Beyond Limits.

AIQ and Beyond Limits will leverage each other’s regional and global footprints, technology portfolios and partnerships, to expand and scale on a global level.

Omar Al Marzooqi, CEO of AIQ said: “This collaboration will allow both companies to strengthen their portfolios of enterprise grade AI solutions for the energy industry. We truly believe that AIQ’s and Beyond Limits’ experiences in delivering tailor-made applications will accelerate digital transformation and energy transition in the UAE and beyond. We welcome Beyond Limits as our new partner and look forward to jointly deliver breakthrough cognitive AI solutions across the whole Oil & Gas value chain .”

AJ Abdallat, CEO of Beyond Limits, said: “We are very excited about this collaboration with AIQ, through which we will work to enable the wider oil and gas industry to become more agile and effective, through the use of AI. The new avenues of advanced technology we will explore together with AIQ will unlock efficiencies across the entire oil and gas value chain. We trust our collaboration will accelerate the development of new AI solutions that shall optimize processes, improve planning and increase profitability of oil and gas organizations.”

Kenneth Habson, Managing Director EMEA of Beyond Limits, said: “Research and development is a key priority for Beyond Limits in the region, as we look to stimulate innovation in AI, accelerate the adoption of advanced technologies and further digitize the value chain of the oil & gas industry to enhance efficiencies and performance. We align with AIQ to achieve these goals and believe our collaboration will create a solid platform to empower the commercialization of AI and help raise awareness among decision makers of the value that AI brings to solving some of the most pressing challenges organizations face in the industry.”

The Memorandum of Understanding is aligned with UAE Strategy for Artificial Intelligence, and to increase AI innovation and capabilities to enable the digitization of different industries and support the realization of the digital economy. AIQ and Beyond Limits’ capabilities will deliver fruitful results for AI innovation, technological development and digital transformation of traditional oil & gas organizations in UAE and beyond.

LEARN MORE ABOUT BEYOND LIMITS OIL & GAS SOLUTIONS HERE.

About AIQ

AIQ is a joint venture between ADNOC and Group 42. This joint venture is built on ADNOC’s world class industry know-how and cutting-edge facilities along with Group 42’s elite data scientists and AI modelling capabilities. Across the entire value chain, AIQ efficiently collects, categorizes, and models data allowing for smarter, safer, and more informed decision making.

Founded in 2020, AIQ was able to rapidly grow its team of world-class professionals, including more than 16 PhDs all in Abu Dhabi, UAE. AIQ uses its own data management platform – E-Novus, which incorporates four dedicated suites of applications – Drill-Novus, Geo-Novus, Opti-Novus and Eco-Novus, covering every domain of Oil & Gas enterprises looking to accelerate digital transformation and energy transition.

About Beyond Limits

Beyond Limits is an industrial and enterprise-grade artificial intelligence company built for the most demanding sectors including energy, utilities, and healthcare. Beyond traditional artificial intelligence, Beyond Limits’ unique Cognitive AI technology combines numeric techniques like machine learning with embedded human knowledge to provide clear, reliable recommendations. Customers implement Beyond Limits AI to boost operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits as a result. Beyond Limits EMEA is currently headquartered in Dubai, with operations across the region.

23 NOVEMBER 2021

LOS ANGELES, CA

Next-generation artificial intelligence provides commercial and supply chain advantages for energy companies

Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors, today announced the general availability of its new LUMINAI Refinery Advisor. Developed in collaboration with bp, this cloud-based offering leverages Beyond Limits’ Cognitive AI software to better adhere to commercial operating plans, capture and operationalize expert knowledge, reduce production material costs, maximize operational efficiencies, accelerate time to market, and reduce waste in critical downstream oil and gas sectors.

Beyond Limits LUMINAI Refinery Advisor allows plant operators to meet refinery operating plans more consistently and adapt to ever-changing constraints by providing real-time guidance and specific instructions based on expert engineering, operator knowledge, and process conditions. The no-code solution provides an easily integrated and affordable application to optimize plant-wide process functions in a unified, digital space, improving alignment between planning, engineering, and operations to ensure all teams have the specific directions they need to keep the refinery running at enhanced efficiency.

“Our new LUMINAI Refinery Advisor product is specifically designed to take on the toughest challenges facing the energy industry today,” said AJ Abdallat, CEO of Beyond Limits. “Beyond Limits’ industrial-grade AI solutions provide plant operators and R&D organizations with explainable real-time recommendations to optimize operations and improve decision-making speed and accuracy across a broader decision space. These AI-powered extensions are already making a valuable impact, allowing companies to maximize profits and gain a competitive advantage.”

“In a dynamic and complex manufacturing environment, having real-time insights into current optimization opportunities has proven valuable to our operations team,” said Maddy Hoyne, Optimization Superintendent, bp Whiting Refinery. “The rapid deployment of LUMINAI Refinery Advisor site-wide has helped us make quick and ongoing adjustments resulting in improved operating performance over a short period of time.”

Learn more about the new Beyond Limits LUMINAI Refinery Advisor by clicking here.

TAKE A DEEPER DIVE INTO HOW THE REFINERY ADVISOR WORKS BY READING OUR PRODUCT SHEET HERE.

About Beyond Limits

Beyond Limits is an enterprise-scale AI company that optimizes operations, boosts efficiency, and increases productivity for demanding industries including energy, utilities, and healthcare.

For more information, please visit www.beyond.ai

23 NOVEMBER 2021

Los Angeles, CA

LESLIE RITTENBERG, BEYOND LIMITS

Beyond Limits recently announced the General Availability of a flagship product, LUMINAI Refinery Advisor – an AI for refinery cloud-based decision support software product that advises your operators on how to realize optimal refinery plans, guiding them to hit production planning targets while improving refinery operational and start-up dependability. Empower your operators to close the profitability gap in real-time, maximize efficiency, and operate closer to plan with this artificial intelligence-driven solution that captures the full refinery margin by upholding a holistic view of an entire site and making timely, transparent, and explainable recommendations.

TAKE A DEEPER DIVE INTO HOW THE REFINERY ADVISOR WORKS BY READING OUR PRODUCT SHEET HERE.

Address Your Refinery’s Most Critical Optimization, Operations & Profitability Challenges

Seeing as refinery profitability is constantly at risk, margins are tight, decision-making is complex, and variability is a challenge to current processes – reaching or exceeding optimization goals requires a uniform application of best practices and unique human expertise to achieve planning objectives. While closed-loop control systems have been effective tools for applying and attaining refinery optimization targets, a breach between plan objectives and actual performance results remains an issue.

Aligning production strategies and operational realities of complex refineries with financial goals is just one major issue; other challenging factors include:

Loss of long-standing operator and domain expert knowledge and experience as professionals increasingly retire out of the workforce.
Crude weight plus quality variability, resulting in process hurdles such as constrained systems, bottlenecks, and more.
Siloed communications create a struggle for operations teams to connect effectively and efficiently, resulting in delayed escalation and time-to-decision for remediation tactics.
Inadequate operator support for the immediate need/ability to take manual control.

“Only 40 percent of refiners delivered above-average returns over the past 10 years and 31 percent of the companies were negatively disrupted.” (Deloitte Insights)

LEARN MORE ABOUT HOW THE ADVISOR OVERCOMES CHALLENGES FACED BY REFINERIES – CHECK OUT OUR CASE STUDY HERE.

The Essential Advisor for Humans in the Loop

Make every operator your best operator by implementing AI that combines engineering knowledge and experience with real-time process data to advise them on how to best achieve refinery plans through human-readable, auditable recommendations. To facilitate closing the gap and recouping revenue, LUMINAI Refinery Advisor is designed to accelerate how humans in the loop identify off-plan behavior and make fast, accurate, consistent, and confident remediation decisions when control systems cannot.

This advanced artificial intelligence software optimizes many different, often changing, constraints. Designed to think like an engineer and provide expert guidance to solve problems across the entire refinery, the Refinery Advisor works with (and goes beyond) traditional automation-focused methods to ensure process objectives are always met.

“The addition of a symbolic AI approach, layered on top of conventional artificial intelligence methods, has been an invaluable technological advancement. Capturing and encoding domain knowledge, expertise, and best practices vastly reduces the amount of data necessary for AI applications to function effectively. The explainability factor that comes along with this approach establishes trust in the technology which has been invaluable for accelerating user adoption and configuration – as compared to long model training requirements for solutions that employ machine learning alone.” (Michael Krause, Senior Manager of AI Solutions)

Streamline Communication & Preserve Valuable Knowledge

This landmark AI solution helps your refinery commercial, engineering, and operations teams communicate more effectively across silos to make timely judgments that remediate risks regarding throughput, quality, reliability and profitability, resulting in a more resourceful approach to returning processes to desired performance ranges. When it comes to determining how to best optimize your refinery to meet ever-changing commercial plans, LUMINAI Refinery Advisor is the key to removing communication barriers between commercial, engineering, and operations teams.

Another concerning factor involves the quickly declining number of experienced individuals in the sector’s workforce. Years of proficiency and essential knowledge threaten to be lost as more and more professionals approach retirement, ready to move on to that next step in their lives and taking with them decades-worth of knowledge too valuable to become lost to the passage of time.

The Society of Petroleum Engineers (SPE), a global industry organization, found that nearly 54% of its members are over 55 years old. 44% of Generation Y and 62% of Generation Z say a career in oil and gas is unappealing. (EY Global)

However, LUMINAI Refinery Advisor works to bridge the knowledge-loss gap as well by capturing and encoding veteran operator knowledge and then distributing essential expertise, best practices, and business logic across an entire organization so that it’s never lost and easily transferrable to less experienced, up-and-coming professionals. The Refinery Advisor grants users the ability to digitize how they plan, operate, and improve process operations while also easily readable, configurable, extensible, and maintainable by engineering and operations staff, requiring minimal to no guidance from data specialists.

Work with & Surpass APC Capabilities

Users have found that the LUMINAI Refinery Advisor actually fills a gap that Advanced Process Control (APC) systems do not cover – and that the two systems are complementary. APC can compensate well for changes in the system on which it’s trained, but an operator can respond to an infinitely larger set of optimization challenges. They found that their objectives and constraints were changing frequently as they tried to keep up with shifting market conditions and as equipment degraded or was modified.

In many cases for the operator to optimize the process, they need to turn the APC off and take manual control. This is especially true during start-up conditions before the refinery has reached a steady state. Rather than requiring the process engineer to look over their shoulder, if they were even available, the Refinery Advisor will give them explicit instructions of how to operate outside of the norm but still within safe operating parameters to meet operational goals and drive more profit.

Accelerate Digital Transformation & Drive Operational Consistency Across the Enterprise

As a no-code artificial intelligence solution that facilitates rapid operator adoption and easy-to-use functionality, the Refinery Advisor is a more economical option than other solutions and a fraction of the typical cost of other refinery-wide optimization software products. The Advisor grows your crude selection opportunities and enables operations teams to optimize across highly varying campaign feedstocks, giving your teams the ability to steadily meet profitability plans using intuitive support and explicit instructions.

Unlike standard static guidance, the Refinery Advisor determines an operation’s constraints through real-time sensor values from plant historians, advises corrective actions for operators to optimize up to constraints, and enhances desired target prioritization capabilities to maximize profitability. The Refinery Advisor also provides a straightforward, transparent environment to connect engineer and operator workflows for improved communication and collaboration.

TAKE A DEEPER DIVE INTO HOW THE REFINERY ADVISOR WORKS BY READING OUR PRODUCT SHEET HERE.

A New AI Software Product Shaping the Future of Refinery Profitability

Beyond Limits LUMINAI Refinery Advisor addresses the most critical challenges faced by refinery stakeholders to accelerate digital transformation. From training a whole new workforce to unifying cross-functional teams and increasing crude purchasing options while dealing with variability and reduced margin from market oversupply, the Advisor provides a premier AI for refinery software. With the unprecedented ability to capture the knowledge and expertise of the most highly skilled operators and engineers before your best people retire, the Advisor is equipped to meet your most ambitious profitability plans.

The outcomes paint a crystal-clear picture; real-world implementations of Beyond Limits LUMINAI Refinery Advisor have achieved increases in heavy feedstock utilization, operator adoption timetables in only a matter of weeks, and increases in refinery efficiency with 17% more time on plan efficiency improvements in some cases – resulting in significant profitability.

Advanced artificial intelligence software solutions like Beyond Limits LUMINAI Refinery Advisor provide transparent recommendations for visibility into operations on a global scale. Such holistic capabilities are being leveraged by refinery stakeholders to reach an elevated comprehension of how best to apply their valuable data while acquiring superior insight into how domain expertise and knowledge play in the decision-making process. Get ready because AI in refining results in the extraction of more value from your operations. Ready to get started? Contact products@beyond.ai

TO SEE EVEN MORE ABOUT HOW BEYOND LIMITS LUMINAI REFINERY ADVISOR CAN GIVE YOU THAT COMPETITIVE EDGE, CHECK IT ALL OUT HERE.

21 November 2021

Dubai, UAE

The expansion follows the company’s latest funding round led by UAE’s G42. The US-based pioneer in enterprise and industrial artificial intelligence launched a new product to accelerate the adoption of AI for companies in the energy sector.

UAE, Dubai, 21 November 2021 – Beyond Limits, a pioneer in industrial and enterprise-grade artificial intelligence (AI) technology, today announced its expansion to the Middle East. The company will be regionally headquartered in Dubai with operations across the greater EMEA region.

Drawing on AI expertise developed at NASA, Beyond Limits creates hybrid AI solutions for energy, utilities, finance, and healthcare powered by ‘Cognitive AI’ technology, designed to address complex challenges and as a result, elevate operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits.

The technology replicates human-like intelligence by combining numeric techniques like machine learning with embedded human knowledge to provide clear, reliable recommendations that can match the in-depth understanding and experience of human experts.

In response to the region’s accelerated digital transformation, Beyond Limits seeks to empower organizations to take advantage of the transformative benefits that AI technology can offer to support in the most demanding sectors they operate in. The new office, located in Dubai Internet City, will act as a platform for the company to drive its operations in MENA.

Beyond Limits recently partnered with G42, the Abu Dhabi-based Artificial Intelligence and Cloud Computing company, where the latter led a milestone funding round to boost Beyond Limits’ scale and reach in the Middle East across other markets, and to explore synergies between the two companies in applying advanced AI solutions.

AJ Abdallat, CEO of Beyond Limits, said: “Beyond Limits is very pleased to announce its expansion to the Middle East with a new office in the UAE and to be taking this important step in building our presence in such a dynamic region. “Countries in the region are always taking bold steps to establish a culture of innovation and set AI strategies that enable the digital transformation of their economies, and Beyond Limits is committed to using advanced artificial intelligence to close the skills gap and improve human performance. I believe that we have a lot of synergy with the leading industries of the Middle East, and we look forward to exploring the new opportunities that the region represents,” he added.

Peng Xiao, Group CEO, G42 said “We are pleased to see Beyond Limits establish a regional presence in the UAE, in response to the region’s accelerated digital transformation and increasing adoption of advanced technologies. Beyond Limits’ AI capabilities will bring new levels of intelligence and efficiency to high-impact sectors in the UAE and the region, helping drive future economic growth. We look forward to collaborating and co-creating with them to further strengthen our respective offerings, drive innovation and unlock opportunities for growth and positive progress, across a wide range of industries and societies.”

LEARN MORE ABOUT BEYOND LIMITS PRODUCTS HERE.

Beyond Limits is excited to announce that it has been named in 2021 Gartner® Hype Cycle™ for Oil and Gas report. Gartner provided the following summary regarding the report:

“Oil and gas companies are intensifying the scale and scope of digital innovations to drive rapid change while maintaining efficiency. In the face of rapidly expanding technology choices, CIOs can use this Hype Cycle to align relevant technologies with goals and take action on them.”

READ THE FULL REPORT – HERE.

GET THE INSIDE SCOOP ON ALL BEYOND LIMITS OIL & GAS SOLUTIONS – HERE.

*Gartner, “Hype Cycle™ for Oil and Gas, 2021”, Rich McAvey, Nicole Foust, Simon Cushing, July 22, 2021.

Disclaimer:

GARTNER and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

ORIGINALLY RELEASED: 24 OCTOBER 2021

UAE, DUBAI

The first Cognitive AI company in the MENA region will showcase its advanced range of solutions at the leading energy event

Beyond Limits, a pioneer in industrial and enterprise-grade artificial intelligence (AI), is set to participate at ADIPEC 2021 for the first time ever, to showcase its array of AI products and solutions that are powered by Cognitive AI.

During the event, the company will demonstrate how its hybrid AI approach, which combines machine learning with human knowledge to augment and improve human decision making, can help organizations in the Oil & Gas industry confront some of the most daunting challenges, and empower them to improve performance, increase efficiencies, and optimize costs.

Beyond Limits’ participation comes in line with ADIPEC’s focus this year on Digitalization and Smart Manufacturing, as the global energy platform aims to highlight disruptive and transformational technologies that can help the energy sector unlock untapped value and opportunities, in order to set out the energy future roadmap that will ensure ongoing resilience and deliver sustainable value in the wake of Covid-19.

Beyond Limits’ hybrid AI solutions are engineered to solve complex problems for the world’s most demanding industries; and as a result, advance operational insights, improve operating conditions, enhance performance at every level, and subsequently increase profits. The technology replicates human-like reasoning by combining numeric techniques like machine learning with embedded human knowledge to provide clear, explainable, and reliable recommendations that can match the in-depth understanding and experience of human thinking.

Commenting on the company’s regional debut at ADIPEC, Kenneth Habson, General Manager EMEA at Beyond Limits, said: “ADIPEC 2021 provides a valuable platform for Beyond Limits to showcase our technology and raise awareness about the value AI technologies bring to Oil & Gas players in the region. We are very excited to get the opportunity to meet with key industry players in-person and have insightful discussions about the industry’s accelerated digital transformation, what this means for the future of the energy sector and the different ways to leverage the transformative benefits Cognitive AI technology offers to organizations in the sector.

“Countries in GCC are hosting an exceptional culture of innovation and are setting AI strategies that empower the digital transformation of their economies. In such context, Beyond Limits is dedicated to using advanced AI to amplify human capabilities and optimize operational performance. There are lots of synergies that enable various partnerships with key industry players in the region, which we look forward to explore. We are proud to have such a Global event hosted in the UAE and look forward to welcoming our clients and partners,” he added.

Beyond Limits recently partnered with Group 42 (G42), the Abu Dhabi-based Artificial Intelligence and Cloud Computing company, where the latter led a milestone funding round to boost Beyond Limits’ scale and reach in the Middle East and other markets, and to explore synergies between the two companies in applying advanced AI solutions.

About Beyond Limits

For more information, please visit www.beyond.ai

23 August 2021

Los Angeles, CA

Jordan Design and Development Bureau (JODDB) and Beyond Limits, a leading technology company specializing in Cognitive Artificial Intelligence (AI), have signed a Memorandum of Understanding (MoU) to explore avenues of cooperation in the field of Artificial Intelligence, Advanced Technology, Security, and Strategic Solutions.

The MoU was signed by the CEO of JODDB, Brigadier General Engineer Ayman Al-Batran, and the CEO of Beyond Limits, Mr. Amjad Abdallat, on the 9th of August 2021.

During the signing ceremony, Brigadier General Ayman Al-Batran confirmed that the partnership with Beyond Limits reflects JODDB’s prioritization of fostering partnerships with the industrial sector as part of the Bureau’s strategic plan to enhance practical skills and encourage applied scientific research that directly supports the local industry, in addition to creating joint research projects and encouraging entrepreneurial ideas.

Together, JODDB and Beyond Limits aim to advance sustainability initiatives by optimizing infrastructure assets in utilities, improving fuel consumption and energy efficiency gains for power plants, and reducing operating costs through joint venture AI-driven projects. Beyond Limits’ AI technology will be deployed in applications across security, medical, and energy markets – as well as power scalable water solutions for agriculture in addition to localizing sensor networks for leak detection in water and gas distribution systems.

Brigadier General Ayman Al-Batran mentioned that the Bureau has a distinctive infrastructure that encourages innovation and scientific research – and qualifies employees with the necessary modern skills to develop the local industrial sector through advanced academic programs, such as the establishment of a highly qualified, certified, and advanced Cyber Security Academy that provides new training programs in this field.

Similarly, Mr. Amjad Abdallat expressed his excitement about the partnership with JODDB, as the Bureau is considered to be a leading scientific incubator in Jordan, having a distinguished scientific and practical reputation locally and regionally while also embracing various distinguished scientific competencies across different fields.

14 July 2021

Los Angeles, CA

Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today announced a new partnership with Mitsui & Co., Ltd. (Mitsui) to expand access to Cognitive AI solutions in the Asia-Pacific region.

The collaboration will establish digital transformation and AI-readiness consulting services for Mitsui’s clients in Japan and other countries in the Asia-Pacific region, in addition to expanding globally. The services will first be deployed with one of the Liquified Natural Gas (LNG) Plants where Mitsui is involved as an investor, utilizing Beyond Limits’ Cognitive AI solution to accumulate operational knowledge, analyze datasets, and boost production efficiency.

“Beyond Limits is committed to developing AI solutions that go beyond solving today’s challenges to address the needs of new industries and regions that are recognizing the impact of artificial intelligence,” said Leonard Lee, President, Beyond Limits Asia-Pacific. “We’re proud to partner with Mitsui, an established leader in business development and trade in so many global industries. This collaboration is a testament to our joint commitment to building knowledge and value with AI for many sectors which are just now exploring its potential.”

The AI market in the Asia-Pacific region, including software and other services, is expected to reach a value of $136 billion by 2025 according to a report by research firm Tractica. The high market potential, coupled with growing technology adoption across traditional industries including infrastructure, energy and manufacturing, is expected to create a need for expert resources as more companies look to capitalize on digital services.

“Mitsui announced the DX Comprehensive Strategy in November 2020,” said Yuji Mano, Managing Officer, General Manager of Integrated Digital Strategy Division at Mitsui. “We are working to improve productivity, strengthen competitiveness, and create new business models by integrating the various sites of Mitsui’s global portfolio with the power of digital. Through this partnership, we will accelerate our short to medium-term goals through efficiency improvement and execution of high added value of the existing business.”

“Mitsui is delighted to partner with Beyond Limits,” said Hiroki Tanabe, Deputy General Manager, Forth Dept, Division Ⅲ, Infrastructure Projects Business Unit at Mitsui. “We have been working on this deal for several years, and believe that the integration of Mitsui’s Operation Technology (OT) knowledge & Digital Transformation (DX) expertise under global portfolio and Beyond Limits’ AI technology will be able to deliver impact for companies across the energy industry and beyond.”

For more information on Beyond Limits’ Cognitive AI energy solutions, click here.

About Beyond Limits

Beyond Limits is an industrial and enterprise-grade artificial intelligence company built for the most demanding sectors including energy, utilities, and healthcare.

Beyond traditional artificial intelligence, Beyond Limits’ unique Cognitive AI technology combines numeric techniques like machine learning with embedded human knowledge to provide clear, reliable recommendations. Customers implement Beyond Limits AI to boost operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits as a result.

For more information, please visit www.beyond.ai.

About Mitsui & Co., Ltd.

Mitsui & Co., Ltd (8031: JP) is a global trading and investment company with a diversified business portfolio that spans 64 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania.

Mitsui has over 5,600 employees and deploys talent around the globe to identify, develop, and grow businesses in collaboration with a global network of trusted partners. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries.

For more information on Mitsui & Co’s businesses visit, www.mitsui.com.

17 June 2021

Los Angeles, CA

Beyond Limits’ Shahram Farhadi, Chief Technology Officer of Industrial AI was recently awarded on Hart Energy’s 2021 40 Under Forty list of Technology Innovators. Out of hundreds of nominations across the oil and gas industry, Hart Energy carefully selected 40 prominent professionals making moves to advance oil and gas technologies, fostering the objectives of their respective companies and the industry as a whole. Hart Energy also took the opportunity to spotlight Shahram further in a Q/A-style feature.

“I joined Beyond Limits to bring emerging technologies to the industry with the goal of helping it evolve with our changing times,” said Shahram. “The most valuable projects I’ve worked on are those that incorporate AI/machine learning into traditional processes to improve asset performance and augment human expertise.”

Honorees were selected based on their initiative, intelligence, and persistence to make an impact across the board. The awards list was announced this month – and is currently viewable on Hart Energy’s website.

“Hart Energy proudly announces the honorees for E&P’s 2021 40 Under Forty recognition program for technology innovators. Those being honored range from engineers to company founders, from sales representatives to chief scientists, and they represent a broad array of organizations, from oil and gas producers, service companies and technology providers to industry associations. Qualified individuals who demonstrated workplace leadership were nominated by their peers, colleagues or superiors in an open process. All are being recognized for their positive impact on and significant individual technological contributions to their organizations.” (Hart Energy)

CHECK OUT HART ENERGY’S ENTIRE INTERVIEW WITH SHAHRAM HERE.

18 May 2020

Los Angeles, CA

Microsoft Azure customers worldwide gain access to Beyond Limits’ Cognitive AI solution to take advantage of the scalability, reliability, and agility of Azure to drive application development and shape business strategies.

Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today announced the availability of its Cognitive AI technology in the Microsoft Azure Marketplace. Beyond Limits customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.

Beyond Limits Cognitive AI applies human-like reasoning to solve problems by combining encoded human knowledge with machine learning techniques, enabling systems to adapt easily and continue to operate even when data is in short supply or uncertain. By employing Beyond Limits’ offering, customers are able to elevate operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits.

“We’re very excited to be part of the global Azure Marketplace network,” said AJ Abdallat, CEO and Founder of Beyond Limits. “AI technologies have the potential to make a tremendous impact across energy, healthcare, manufacturing, and other industries, but they require significant computing power and resources. By combining the human-like reasoning capabilities of Beyond Limits Cognitive AI with the scalability and availability of Azure, customers will be able to unlock valuable new insights and efficiencies that drive business outcomes.”

The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure. The Azure Marketplace helps connect companies seeking innovative, cloud-based solutions with partners who have developed solutions that are ready to use.

“Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they can trust,” said Sajan Parihar, Director, Microsoft Azure Platform at Microsoft Corp. “We’re happy to welcome Beyond Limits to the growing Azure Marketplace ecosystem.”

Learn more about Beyond Limits Cognitive AI at www.beyond.ai/technology/cognitive-ai

About Beyond Limits

Founded in 2014, Beyond Limits is an industrial and enterprise-grade artificial intelligence (AI) company built for the most demanding sectors, including energy, utilities, and healthcare. Customers implement Beyond Limits AI to boost operational insights, improve operating conditions, enhance performance, and increase profits. Beyond Limits leverages a portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by Frost & Sullivan with its 2021 Global Company of the Year Award, and by CB Insights via inclusion in its 2020 Top AI 100 list of the most innovative AI startups. For more information, visit www.beyond.ai.