Groundlight Raises $10M in Funding

Groundlight

Groundlight, a Seattle, WA-based visual understanding service based on natural language instructions, raised $10M in funding.

The round was led by Madrona, with participation from Greycroft Partners, Founders Co-op, Flying Fish, AscendVC, and EssenceVC.

The company intends to use the funds to expand operations and its business reach.

Led by CEO Leo Dirac and Avi Gaiger, Groundlight enables small to mid-sized manufacturers to activate productivity-enhancing ML solutions and to build vision solutions quickly. It gets started by simply describing their visual task in natural language, which is instantly transformed into an application-specific model. Groundlight tracks the confidence of this model and continuously optimizes it using feedback from expert human monitors.

The platform is easily integrated into applications such as industrial automation, process monitoring, retail analytics, video stream analysis, and robotics. This pilot service is now available to select customers.

FinSMEs

19/04/2023