The combined platform will provide data and risk management solutions to enterprises for collecting and analysing data.
“Combining Planet OS with Intertrust’s security, risk management and data rights management technologies will allow us to expand our trusted big data capabilities by creating a powerful, multi-party data platform for enterprise-scale, industrial IoT applications,” said Talal G. Shamoon, CEO of Intertrust.
Planet OS, with nearly $5 million in VC funding, is a platform for managing large amounts of data from different sources, such as sensors, for analysis. It’s used in different sectors including energy, automotive (namely self-driving cars), transportation, food security, and healthcare. One of the startup’s biggest clients is German energy company Innogy, who uses its Powerboard product for predictive maintenance.
“We built Planet OS to help enterprises, government organizations and researchers understand and act on vast amounts of data coming from Internet-connected sensors, so that they can make informed decisions,” explained Rainer Sternfeld, CEO of Planet OS. “We are proud that we were able to achieve this goal through our pioneering solutions for geospatial data, and were able to apply these solutions to the energy market.”
Planet OS’ team will join Intertrust and will remain based in Estonia where it will grow the team as the country is a “serious source of engineering talent,” said Intertrust’s Shamoon.