Mitsubishi Corporation invests in ThinkIQ to drive digital transformation for the manufacturing industry
ThinkIQ, a pioneer of digital manufacturing transformation solutions, today announced an investment by Mitsubishi Corporation and a collaboration agreement to jointly accelerate the growth of ThinkIQ’s digital manufacturing platform in Japan. Terms of the investment were not disclosed.
Mitsubishi Corporation is partnering with ThinkIQ to accelerate digital transformation with smart manufacturing solutions for the many industrial supply chains in its ecosystem. ThinkIQ has built its open platform working closely with U.S. and European government smart manufacturing and Industry 4.0 initiatives and global standards bodies. The investment is further testament to ThinkIQ’s technology and will drive expansion leveraging Mitsubishi’s global presence.
“We are honored to have been recognized by Mitsubishi Corporation as its partner to drive global adoption of smart manufacturing solutions,” said Doug Lawson, CEO of ThinkIQ. “Our platform addresses a growing market need to operate and manage complex manufacturing supply chains more efficiently. With our strategic relationship and Mitsubishi’s investment, we will expand our market reach and accelerate our efforts to provide end-to-end supply chain visibility.” More