Invisible AI, a Palo Alto, CA-based provider of AI solutions for manufacturing, raised $15M in Series A funding.
The round was led by Van Tuyl Companies with participation from new investor FM Capital, 8VC, Sierra Ventures, K9 Ventures and Vest Coast Capital.
The company intends to use the funds to grow the team and meet the demand from existing and new customers.
Led by CEO Eric Danziger, Invisible AI provides manufacturing companies with a computer vision system that uses the data collecting process of manual operations and improves the productivity, quality, and safety of manual operations. The company’s key application tracks body movement to improve manual assembly processes in manufacturing facilities, augmenting the workforce by giving operators real-time feedback to improve quality, ensure safety, and increase productivity at scale.
Invisible AI’s technology uses edge-based AI devices with a built-in AI chipset, 1 TB of storage, and a high-resolution 3D camera to track activity across manufacturing facilities without using the cloud or any bandwidth. The self-contained AI device processes body motion data to identify potential for high-stress injuries and prevent simple defects in real-time, which generates millions in savings for customers. The software is entirely anonymized and privacy-centric by design.
The technology is currently utilized in 6 facilities, with an additional 8 new deployments scheduled for the next 6 months. The system has gained traction across top manufacturing companies like Toyota North America.
FinSMEs
28/09/2022