Palo Alto, 16 June, 2020 – Instrumental, the Silicon Valley based company used by global electronics brands to optimize manufacturing, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. Started by two ex-Apple mechanical engineers who spent years on the factory floor, Instrumental is the culmination of the fundamental belief that manufacturing can be better and that the missing link is data. Instrumental provides real-time, product level data with tools that accelerate current engineering failure analysis workflows and enable remote monitoring of production.
The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.
Following its selection as Technology Pioneer, CEO Anna-Katrina Shedletsky of Instrumental will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Instrumental will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.
“We’re excited to welcome Instrumental to our 20th cohort of Technology Pioneers,” says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “Instrumental and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”
“It’s great to be acknowledged as a pioneer by the World Economic Forum”, said Instrumental’s Anna-Katrina Shedletsky. “The electronics manufacturing industry is operating under extreme pressure. On one side, there’s increased consumer quality expectations and the reality that a few poor Amazon reviews can directly impact sales – on the other, supply chain complexity, labor pressures, and now COVID-19. The status quo has been reactive – held together by band-aids that no longer work, such as sending engineers around the world to discover and solve issues in person. With Instrumental’s technology, teams have the data, visibility, and tools they need to be proactive and drive true optimization, from anywhere in the world. We look forward to contributing to the Forum dialogues on these industry-wide challenges and solutions of the future.”
This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.
2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are led by women, including Instrumental. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. The full list of Technology Pioneers can be found here.
Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.