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Aerial Technologies selected for prestigious Ping An Cloud Accelerator China Expansion Program
Monday, July 27, 2020Company Profile | Follow Company
Vancouver, BC, July 27, 2020--(T-Net)--Yaletown Partners portfolio company Aerial Technologies has been selected by Ping An Technology for Cohort 5 of its Ping An Cloud Accelerator China Expansion Program.
Montreal-based Aerial was one of only 10 companies selected worldwide—and the only Canadian company chosen—among 1,442 that applied.
The Ping An Cloud Accelerator Program is designed to prepare innovative technology companies with aspirations to enter the Chinese market.
Ping An Technology is the core technology arm of Ping An Group, China's largest diversified integrated financial services group and the world's number one Global listed insurance company by market cap.
Aerial Technologies has developed a unique cloud-based, low-cost solution that leverages existing wireless infrastructure and artificial intelligence to detect and classify human motions. Aerial's state-of-the-art technology does not require special hardware, wearables, installations or invasive cameras.
Instead, by analyzing the disruption in Wi-Fi signals created by motion in the home, Aerial's AI processing infers human activities to create smart solutions that make lives better, finding application in fields such as home automation and security, in addition to remote healthcare.
In selecting Aerial Technologies for its Accelerator Program, Ping An Cloud Technology was attracted by Aerial's Remote Care solution, which is revolutionizing eldercare, allowing seniors to live independently in their own homes for as long as possible.
In this time of rapid digitization, Aerial is changing the paradigm of the Telecare industry by enabling broader access to remote patient care at a fraction of the cost with its passive non-invasive approach. Ping An is connected to 3,000 hospitals and 20,000 clinics in China, and the potential synergies between Aerial's technology and Ping An's healthcare network are appealing to both companies.
Yaletown said in a release that it wishes Aerial continued success as it pursues its mission to become the wireless standard for smart motion detection, while building bridges in China and around the world.
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