Robovision, a Ghent, Belgium-based AI computer vision startup, raised $42m in Series A funding.
Backers included Target Global, Astanor Ventures, and Red River West. The startup also converted a $23m convertible loan they received in 2022, which increased total funding to $65m.
The company intends to use the funds to invest in R&D, and expand its business reach in existing markets (with possible openings in Germany, France, the UK, Middle East, and Asia) and to scale in the US.
Led by Thomas Van den Driessche, CEO, Robovision is an AI powered central platform – which runs in the cloud – to manage vision intelligence inside smart machines, without the need for AI experts. In details, the system enables customers to:
1. Take control of AI vision in a single place
2. Minimize down-time of business-critical automations
3. Scale-out AI solutions to all of their locations globally
4. Avoid dependency on 3rd parties to implement improvements
5. Maximize the ROI of their AI investments
According to the company, the platform is already integrated with over 1,000 robots in 40 countries.
FinSMEs
29/03/2024