On June 23, Accenture has completed its acquisition of Flutura, an industrial artificial intelligence (AI) company, headquartered in Bangalore, India. Terms of the transaction, which Accenture announced on March 21, 2023, were not disclosed.
Flutura strengthens Accenture’s industrial AI services for clients in the energy, chemicals, metals, mining, and pharmaceutical industries.
The IT giant has not disclosed the terms of the deal but Accenture has announced earlier an investment of $3 billion over three years in data and artificial intelligence practice and an aim to double the headcount in the AI services to 80,000 through hiring, buyouts and training.
About the Flutura
Flutura is a pioneering Industrial AI company focused on unlocking high-value operational outcomes for the Energy, Chemicals, Process Manufacturing & Heavy Engineering industries.
Its industry-leading platform Cerebra has advanced capabilities to integrate First Principle-based and Machine Learning based models to generate actionable business insights for reliability, production excellence, supply chain, and quality functions to impact yield, uptime & sustainability outcomes for industrial facilities.
Flutura’s vision is to unlock a billion-dollar in outcomes for its customers and empower 100,000 industrial engineers on leveraging data science for solving engineering problems.
It works with many industry-leading names like TechnipFMC, Al Mansoori, GTT etc in O&G and Hitachi amongst Heavy machinery OEMs.
Flutura is backed by global Venture Capital firms and strategic partners out of USA, Singapore, and Japan and main offices are located in Houston, Palo Alto, and Bengaluru, India.