Mitsubishi Corporation Invests in ThinkIQ to Drive Digital Transformation

Aliso Viejo, Calif.—ThinkIQ, a pioneer of digital manufacturing transformation solutions, today announced an investment by Mitsubishi Corp. 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 is partnering with ThinkIQ to accelerate digital transformation with smart manufacturing solutions for the industrial supply chains in its ecosystem. ThinkIQ has built its open platform working closely with United States and European government smart manufacturing and Industry 4.0 initiatives and global standards bodies, the company says. 

“We are honored to have been recognized by Mitsubishi Corporation as its partner to drive global adoption of smart manufacturing solutions,” says 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.”

“Our team has spent years driving thought leadership for a digital transformation strategy for the manufacturing sector,” says Yoshiyuki Watanabe, Division Chief Operating Officer of Mitsubishi Corp. “As well as doing research and diligence to find the right partner to drive adoption of those strategies into our industrial supply chains, and we are excited to have chosen ThinkIQ as our technology partner. We expect ThinkIQ’s solutions to have a major impact on manufacturers to help improve yield, quality, safety and compliance while dramatically reducing waste and environmental impact. ThinkIQ's open, innovative platform and leadership in digital transformation for the manufacturing industry is what prompted our investment and go-to-market partnership.”

ThinkIQ provides visibility to the manufacturing shop floor across each tier of complex supply chains. The SaaS platform connects to the physical world of legacy and smart equipment, IoT sensors, OT and IT systems to bring all relevant data into a single analytics platform that brings context, meaning and discoverability for all participants in supply chain and manufacturing operations. ThinkIQ Vision brings vision-processing software combined with pre-packaged machine learning and artificial intelligence capabilities to turn standard cameras on the shop floor into sensors that eliminate blind spots across equipment, materials and people to enhance the available data for continuous intelligence, the company says.