Acerta, a Waterloo, Ontario-based startup that provides an AI platform that ensures vehicle systems’ quality and reliability throughout a vehicle’s lifecycle, received $2m in venture capital funding.
Microsoft Corp. (Nasdaq “MSFT”) venture fund M12, in partnership with EQT Ventures and SVB Financial Group, provided the funds as part of the Female Founders Competition.
The company will use the funds to continue to expand operations and its business reach.
Led by Greta Cutulenco (CEO and co-founder), Jean-Christophe Petkovich (CTO & Co-Founder) and Jean-Christophe (CSO & Co-Founder), Acerta provides an AI-powered solution designed specifically for automotive applications. By integrating domain expertise into machine learning models, the company delivers results to reduce scrap and rework, accelerate root cause analysis, reduce waste, increase throughput, and boost product quality.
The company’s solutions include:
– Acerta Cortex™, a dynamic data governance solution, designed specifically for the automotive industry, which transforms any existing storage structure into a smart data hub.
– Acerta LinePulse™, a production quality analytics solution for automotive manufacturing, whose neural network analyzes in-line and end-of-line data in real time to augment existing processes by detecting more faults and predicting failures, sooner.
– Acerta AutoPulse™, a condition analysis platform for predictive maintenance, whose deep neural network communicates potential system failures before they happen, providing remaining useful life analytics that enables predictive maintenance.