AVEVA provides industrial software that helps companies digitally transform their operations in manufacturing, energy, and infrastructure. Its offerings are delivered as a subscription-based service (SaaS) for engineering asset management, rather than traditional perpetual licenses. The core product, CONNECT, is an open industrial intelligence platform that runs in the cloud and can scale as a business grows; it works with or without Schneider Electric hardware, thanks to its hardware-agnostic design. Along with software, AVEVA offers online training to help clients adopt the new SaaS model. Compared with competitors, AVEVA differentiates itself by being hardware-agnostic, offering a cloud-first, subscription platform, and an open platform that supports scalable, cloud-based engineering asset management. The company aims to help customers digitally transform their operations, improve efficiency, and reach broader markets through flexible, cloud-based software solutions.
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$4B
Headquarters
Cambridge, United Kingdom
Founded
1967
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