LOS ALTOS, Calif.– Jan. 14, 2020–SymphonyAI announced today that Dominic Gallello has joined as CEO of SymphonyAI Industrial and its portfolio company, SymphonyAI Industrial. Effective immediately, Gallello will lead the portfolio company into the next phase of growth in the industrial IoT and AI market segments.
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“The market opportunity for industrial IoT and AI across sectors is significant, and SymphonyAI Industrial is bringing substantial value to customers by maximizing the impact AI can have,” said Romesh Wadhwani, founder and CEO, SymphonyAI. “There is no better person to lead the next phase of SymphonyAI Industrial innovation and growth than Dominic Gallello. His strength in building great products, driving an intense customer focus, and globally developing brands will ensure we continue to rapidly deliver the most innovative technology to the industry.”
Research and analysis firm IDC estimates the industrial IoT and AI market sectors will exceed $1 trillion annually by 2022. McKinsey & Company estimates that AI will create between $1.2 and $2 trillion in supply chain management and manufacturing economic value annually, with $500 to $700 billion in manufacturing predictive maintenance value alone.
Gallello is an established technology executive with a comprehensive background in engineering vertical software solutions at companies, including MSC Software, Autodesk, Macromedia and Intergraph Japan. He has led three successful public and private software companies over the past 16 years, resulting in $1.3 billion in exit value, with an average increase in value of more than 300 percent. He was named a SaaS Top 50 CEO in 2018 and brings a track record of company culture awards and more than fifty product awards, including two R&D 100 awards.
“SymphonyAI Industrial’s solutions are industry-leading, and I am energized to join such a great and experienced team,” said Dominic Gallello, CEO of SymphonyAI Industrial and SymphonyAI Industrial. “We are at the forefront of the rapid advances in value that industrial IoT and AI technologies will bring to customers. I look forward to leading the team to deliver even greater value with advanced AI industrial software solutions.”
SymphonyAI Industrial acquired Industrial Global in 2019 to expand its focus beyond condition monitoring, vibrational analysis, reliability and predictive maintenance and services to deliver end-to-end Industrial IoT and AI process management. Working with key companies in the oil and gas, utility, defense, food and beverage, high tech, chemical, pharmaceutical and other industries, SymphonyAI Industrial has refined its industrial IoT and AI platform to help customers improve product quality and yield while reducing costs. SymphonyAI Industrial, a subsidiary of SymphonyAI Industrial, serves a wide-ranging group of leading organizations such as ExxonMobil, ConocoPhilips, Anadarko, Marathon Oil, Philips 66, Cargill, Linde, Air Liquide, Ingersoll Rand, ABB, Flowserve and NRG.
About SymphonyAI Industrial and SymphonyAI Industrial
SymphonyAI Industrial is the emerging leader of industrial IoT and AI-based process-centric software solutions used to predict the operational performance, inefficiencies, and health of industrial processes and assets. SymphonyAI Industrial solutions use state-of-the-art cloud technology combined with leading sensor and edge computing capabilities to enable customers to continuously improve operational excellence. SymphonyAI Industrial is a subsidiary of SymphonyAI Industrial.
About SymphonyAI
SymphonyAI is the fastest-growing private group of B2B AI companies, backed by a $1 billion commitment to deliver next-generation AI solutions for transforming the enterprise. Since its founding in 2017, SymphonyAI has grown rapidly to a group of six companies with a combined revenue run rate approaching $300 million. Over 1,600 talented leaders, data scientists, and other professionals operate the group under the leadership of one of Silicon Valley’s most successful serial entrepreneurs, Dr. Romesh Wadhwani.
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