AVEVA

AVEVA

Industrial SaaS for engineering asset management

About AVEVA

Simplify's Rating
Why AVEVA is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Energy

Enterprise Software

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Cambridge, United Kingdom

Founded

1967

Overview

AVEVA provides industrial software and is a subsidiary of Schneider Electric. The company’s software is designed to support digital transformation across industries such as manufacturing, energy, and infrastructure. It has shifted to a subscription-based service model (SaaS) focused on engineering asset management, offering flexible access for clients. The software is hardware-agnostic, usable with or without Schneider Electric hardware, which broadens its market reach. AVEVA’s main product is the CONNECT platform, an open industrial intelligence platform that enables businesses to scale their operations with cloud-based solutions. The company also offers online training to help clients and partners adapt to the SaaS model and new ways of working.

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Simplify's Take

What believers are saying

  • I-care partnership expands predictive maintenance via PI System integration.
  • Archaea Energy contract builds data infrastructure for US renewable natural gas.
  • 33% emissions cut in 2024 report advances net-zero readiness.

What critics are saying

  • Schneider Electric erodes AVEVA autonomy, bundling software with EcoStruxure hardware.
  • ETAP alliance fragments digital twin market share in electrical systems.
  • I-care commoditizes PI System data, bypassing CONNECT for cheaper analytics.

What makes AVEVA unique

  • CONNECT platform delivers AI-powered industrial intelligence across asset lifecycles.
  • Hardware-agnostic SaaS enables broad market reach beyond Schneider Electric hardware.
  • PI System integration with partners like I-care enhances predictive maintenance capabilities.

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Funding

Total Funding

$4B

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Life Insurance

Disability Insurance

Paid Vacation

Parental Leave

Professional Development Budget

Hybrid Work Options

401(k) Company Match

Stock Price

Company News

PR Newswire
Jan 29th, 2026
I-care joins AVEVA partner ecosystem, integrates PI System data into analytics platform

I-care, a global leader in predictive maintenance and reliability solutions, has joined the AVEVA Partner Ecosystem as a Managed Solution Provider. The Belgian company is integrating its I-see analytics platform with AVEVA PI System to support predictive maintenance, asset health monitoring and reliability use cases across industrial environments. The integration allows I-care to leverage operational data from AVEVA PI System, which collects and manages real-time data from sensors, control systems and industrial equipment. This extends I-care's analytics capabilities whilst aligning with customers' existing industrial data infrastructures. Founded in 2004, I-care employs over 1,000 professionals across 36 offices in 16 countries and monitors hundreds of thousands of machines worldwide using technologies including Wi-care vibration sensors and AI-driven analytics.

TahawulTech
Oct 28th, 2025
AVEVA highlights the role of Industrial Intelligence in Net-Zero Energy at ADIPEC 2025

AVEVA highlights the role of Industrial Intelligence in net-zero energy at ADIPEC 2025. AVEVA, a global leader in industrial software, driving digital transformation and sustainability, announced its participation at ADIPEC 2025 to be held in Abu Dhabi from 3-6 November 2025. At the event, the company will showcase CONNECT, its industrial intelligence platform powered by AI which enables energy companies to harness AI-powered analytics for smarter and more sustainable business operations. AVEVA will demonstrate the power of CONNECT through augmented and virtual reality, highlighting how the platform supports every stage of the industrial lifecycle, from design and build, to operate, maintain, and optimise. The platform empowers organisations to drive innovation, enhance performance, and advance their sustainability goals in a rapidly evolving digital landscape. As the UAE accelerates its transition to a low-carbon economy and diversifies its energy mix, national initiatives such as the UAE Net Zero 2050 Strategy highlight the country's commitment to sustainable growth and emission reduction. Aligned with these strategic ambitions, AVEVA provides energy companies with end-to-end industrial software solutions that seamlessly integrate engineering, operations, and performance, enabling them to enhance project execution, improve asset reliability, and drive measurable progress toward net-zero objectives. Jesus Hernandez, SVP of EMEA, AVEVA said, "As the energy industry shifts towards a more sustainable future, our technologies ranging from digital twins to AI-driven analytics, are helping companies optimise operations, enhance asset reliability, and drive progress towards net-zero goals. We look forward to meeting regional customers and partners at ADIPEC and demonstrate how our solutions can support in navigating this complex transition to strengthen performance and organisational agility". "The energy sector in the region is grappling with many challenges, from managing complex project execution and improving CAPEX efficiency to reducing unplanned downtime and addressing operational inefficiencies. There is a growing urgency around sustainability targets, particularly in emissions tracking and reporting. At ADIPEC, we will highlight how Industrial Intelligence-as-a-Service can help organisations across the Middle East unlock efficiency, sustainability, and growth by combining the power of AI, data, and human expertise", said Nayef Bou Chaaya, AVEVA Vice President, Middle East, Africa and Türkiye. AVEVA experts will be at Hall 4, Stand 4410 to present CONNECT, the world's largest industrial software platform with an intelligent digital twin that integrates insights across the industrial ecosystem. The live demonstration will help visitors and customers understand how they can improve performance and advance sustainability, while delivering measurable value and maximising ROI. Image Credit: AVEVA

PandCT? or PandaCT
Jun 27th, 2025
AVEVA cuts total emissions by 33%, eyes net-zero readiness in latest sustainability report

AVEVA, a global leader in industrial software, has launched its 2024 Sustainability Report at London Climate Action Week.

TahawulTech
Jun 23rd, 2025
AVEVA recognised at annual Data + AI Summit

Presented at the annual Data + AI Summit, the award highlights AVEVA's exceptional contributions to innovations in data-powered manufacturing.

Grantek
May 12th, 2025
CIMSOFTech Event 2025 Coming to Burlington, Ontario

CIMSOFT - an AVEVA Select Distributor partner offering the entire AVEVA portfolio ranging from Engineering, Operations, Performance, Subscription and Cloud Based solutions - is hosting CIMSOFTech Event 2025 on May 29, 2025 in Burlington, ON.

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