DarwinAI, a Waterloo, Canada-based Industry 4.0 company focused on manufacturing, raised $6M in funding.
The round was led by Deep Tech Venture Fund with participation from Honeywell Ventures, Obvious Ventures and Inovia Capital.
The company intends to use the funds to enhance the system for mass market deployment and ramp up hardware production, as they anticipate serving more customers in 2023.
Led by CEO Sheldon Fernandez, DarwinAI provides Electronics (PCBA) manufacturers with a visual quality inspection system to improve product quality and production efficiency. Numerous Fortune 500 companies have adopted DarwinAI’s patented technology to integrate AI and create tangible value. Its IP stems from years of research led by Dr. Alexander Wong, Canada’s Research Chair in the area of AI, and Professor at the University of Waterloo.
FinSMEs
23/12/2022