Sierra said Florence-based IPWatch Systems’ accomplishments in AI make it a great choice for the joint development partnership.
“It has a solid track record of developing and commercializing disruptive technology utilizing artificial intelligence, machine learning and Big Data,” Sierra CEO Terry Bartz said.
“We are confident that by combining our respective technologies and commercial backgrounds, we will be highly competitive and successful in the global markets for artificial intelligence applications. “
AI and artificial neural networks have been used in many applications across a broad range of industries through activities such as medical diagnosis, finance, data mining, manufacturing, and much more.
Greg Canfield, secretary of the Alabama Department of Commerce, said the partnership in Florence will help advance AI research and product development in the state, while also providing a boost to Alabama ’s emerging technology sector.
“We’re committed to facilitating the growth of technology-focused jobs across Alabama and to building a robust tech sector involved in cutting-edge activities that add vitality to the state’s economy,” Secretary Canfield said.
“This partnership will help us expand our expertise in a technology that’s poised to play a critical role in the future.”
Collin said IPWatch Systems has benefitted from a highly talented tech workforce produced by UNA, as well as support from local leaders such as state Sen. Tim Melson and Rep. Lynn Greer, state government officials, and the NFIB Alabama. In addition, the firm received a grant from the Shoals Economic Development Authority.
“We are proud that Sierra has chosen Florence to make this investment, and it would not have been possible without this strong local support,” Collin said.
SEDA President Forrest Wright called the partnership an “exciting project” for the Shoals area.
“We are thrilled to have new high-paying jobs and an increased presence in the tech industry,” he said. “We support this project and look forward to watching it grow in the Shoals.”