Time Reactor, a spin-off of Galaksiya, has secured an investment from Siskon Industrial Automation and Software at a valuation of $2 million.
This investment aims to enable Time Reactor to bring its predictive maintenance and predictive quality solutions to a broader industrial ecosystem and to strengthen its position in both the Turkish and global markets. Furthermore, the initiative seeks to promote the adoption of AI-driven data analytics solutions in the industry, boost efficiency in production processes, reduce error rates, and facilitate industrial enterprises' access to predictive maintenance technologies.
Tayfun Gökmen Halaç, CTO of Time Reactor, stated that they began their work two years ago after identifying a need for AI solutions tailored to time-series data and developed deep neural networks through a TÜBİTAK-supported project. He noted that upon realizing their research had moved beyond the realm of academic study, they decided to transform this technology into a standalone product.
Erdem Eser Ekinci, Co-founder of Galaksiya Information Technologies, remarked that thanks to generative AI, machines would evolve from mere data-generating systems into autonomous entities capable of providing insights into the future. He emphasized that Time Reactor empowers businesses with predictability through big data analytics and AI technologies.
Muvaffak Amasya, Co-founder of Siskon Industrial Automation and Software, stated that data analysis in production processes can now be conducted with a focus on the future, rather than just the past. Stating that AI solutions like Time Reactor represent the future of industrial automation, Amasya noted that with this investment, they are ushering in a new era in the sector by combining Siskon's experience in production processes with Time Reactor's AI vision.
Source: Time Reactor, a Galaksiya spin-off, receives investment from Siskon at a $2 million valuation – Webrazzi