Agilent Technologies Inc. (NYSE: A) stock fell down the scale Monday, after the company announced it has acquired Sigsense Technologies, a San Francisco, California-based startup that uses artificial intelligence and power monitoring to help optimize lab operations. Financial terms of the acquisition were not disclosed.
Sigsense technology is already available to Agilent customers through CrossLab Connect, a suite of digital applications—inventory management, service management, asset monitoring, smart alerts, and asset lifecycle analytics—that improve lab performance.
Integrated into the Agilent CrossLab Connect asset monitoring solution, Sigsense’s algorithm tracks instrument utilization and status across all scientific assets, regardless of vendor or manufacturer. The operational insights collected from the technology alert lab managers of assets that are underperforming and how to optimize them.
“We are excited to welcome the Sigsense team to Agilent. They are an innovator in leveraging artificial intelligence for lab operations,” said Armin Jehle, vice president, Agilent CrossLab Services Division. “By working closely as one team, we will extend their AI technology further, enabling more customers to gain more insights that contribute to reduced downtime and increased productivity.
CrossLab Connect monitors a wide range of instruments, including chromatography, mass spectrometry, spectroscopy, liquid handlers and plate readers, flow cytometry, centrifuges, NMR, sequencers, PCR, and more.
With this transaction, Sigsense employees, IP, and assets are now part of the Agilent CrossLab Group.
A shares slid 88 cents to $136.33.
