Retrocausal, a Seattle, WA-based platform provider for manufacturing process management, raised $5.3M in funding.
The round was led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.
The company intends to use the funds to meet the market demand for its proprietary generative AI technology.
Led by CEO Zeeshan Zia, Retrocausal is a company which specializes in AI-powered augmentation systems that help manufacturing workers avoid assembly mistakes while assisting industrial engineers continuously improve shop floor processes. Its Kaizen Copilot software for Manufacturing Assembly Optimization solution simplifies manual assembly operations and the underlying processes to empower the low-skilled workforce to take on high-skill manufacturing jobs.
Retrocausal has been developing multi-modal foundation models focused on manufacturing trained on its proprietary datasets. The company has been granted three patents on its generative AI technology by the US Patent Office (USPTO) and has four pending patents. In April 2023, the company opened a new office in Dallas, Texas to be closer to its manufacturing customers in the Midwest and Mexico. It has also launched joint projects with Honda Innovations and Siemens Digital Industries.
FinSMEs
30/11/2023