There are over 64 zettabytes of data in the global data sphere. The largest tech giants in the world like Amazon.com Inc., Apple Inc, Microsoft Corp, and Meta Platforms Inc. all live and breathe in the world of data. From the storage on one's phones to purchasing history, and satellites transmitting data around the world, it’s big business.
With the growing prominence and use cases surrounding artificial intelligence (AI), one startup is using AI to transform data transmission. AtomBeam has developed a groundbreaking technology that dramatically improves data transmission and security for Internet of Things (IoT) devices.
To stay updated with top startup news & investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter
By reimagining how machine-generated data is transmitted and stored, AtomBeam's patented Compaction software increases average bandwidth by 4x while adding strong security and making stored data searchable, features that conventional data compression methods fail to provide.
AtomBeam's impressive list of customers and partners includes Saab, USAF, CrowdPoint, Lockheed Martin, Inmarsat, Intel, and Cribl. AtomBeam has also raised over $3.6 million from retail investors to help scale the technology. The company's Compaction technology is versatile enough for applications in aircraft, automobiles, sensors, phones, and even data transfer between processors to accelerate computers. With 20 issued and 14 pending patents, AtomBeam's technology is on track to revolutionize data transmission and storage across multiple industries.
Compaction uses AI to identify repeating patterns in IoT data files and assigns each pattern a unique Codeword in a Codebook. When IoT devices need to transmit data, they send Codewords instead of the full data, resulting in reduced latency, lower data size, and added security through obfuscation. This process is both efficient and secure, making it a game-changer for machine communication.
AtomBeam's technology is particularly relevant in situations where conventional methods fail to deliver results. For example, a large company transitioning from daily data collection and compression to real-time transmission would face a significant increase in connectivity costs. With AtomBeam's Compaction, they can achieve real-time data transmission without increased costs, all while enhancing security.
Don’t Miss: The Startup Behind The Automated Future Of The Fast-Food Industry
Another example is a military aircraft manufacturer that requires increased bandwidth for downlink but faces a costly radio hardware upgrade. By implementing Compaction, they can achieve their goals at a fraction of the cost while improving security. Similarly, a pharmaceutical company that typically takes days to decompress millions of genomes for drug research can achieve the same results in seconds using Compaction.
AtomBeam's Compaction software is protected by numerous patents, making it a significant player in the upcoming 4th industrial revolution. The company's technology has the potential to impact a multi-trillion dollar market, with IoT projected to reach $11 trillion by 2025. AtomBeam's cost-effective solution could reduce total costs of connectivity, security, and cloud services by up to 75%, resulting in an estimated $200 billion impact in 2025.
As AtomBeam continues to gain traction, their innovative Compaction technology is poised to become a standard in IoT data transmission and security. With successful corporate trials, patented technology, and wide-ranging applications, AtomBeam is rethinking the way machines communicate and secure data.
See more on startup investing from Benzinga.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
