India, Sept. 2 -- In a strategic move to advance its digital mobility services, Sumitomo Rubber Industries has finalised an agreement to acquire US-based AI startup Viaduct, Inc. for USD 104 million. This acquisition, signed on 27 August, is a direct result of a successful existing partnership and is designed to rapidly accelerate the global deployment of Sumitomo's predictive maintenance solutions.
The collaboration centres on integrating Sumitomo's proprietary SENSING CORE tyre sensing technology with Viaduct's sophisticated artificial intelligence algorithms. This powerful combination will form the foundation of a new predictive maintenance service for corporate fleet vehicles in North America, scheduled to launch in October. The servi...