- Robovision raises $42 million in its latest investment round, totaling $65 million in funding.
- The AI-powered computer vision platform offers a no-code solution for machinery manufacturers and production lines.
- Notable partnerships in agriculture and semiconductor production highlight the platform’s effectiveness.
- Robovision’s unique ability to upgrade existing machinery with Vision AI sets it apart in automation.
- The CEO and founder express gratitude for investor support and commitment to global AI adoption.
- Leading investment from Target Global and Astanor Ventures underscores confidence in Robovision’s vision and achievements.
- Funding to fuel US expansion and R&D efforts, with plans for new offices in key global markets.
Main AI News:
In a significant stride towards revolutionizing industrial automation, Robovision has successfully secured a substantial $42 million investment in its latest funding round, thereby catapulting its total funding to an impressive $65 million. Headquartered in Ghent, Robovision specializes in AI-powered computer vision technology, offering a comprehensive end-to-end solution devoid of complex coding for machinery manufacturers and production lines.
Having already facilitated over $250 million in sales for its partners, Robovision has emerged as a formidable force, particularly in the agricultural domain. Noteworthy collaborations, such as the one with ISO Group, have enabled the annual plantation of 1 billion tulips, accounting for half of the world’s production, and have also facilitated Japanese conglomerate Hitachi in the production of semiconductor wafers.
What sets Robovision apart is its distinctive capability to enhance existing machinery and production lines with Vision AI, ushering in a new era of automation. This empowers end-users, including factory operators and farmers, to develop and sustain their AI models autonomously. Leveraging domain-specific expertise coupled with state-of-the-art technology, Robovision’s Industrial AI prowess facilitates smarter, application-specific automation solutions.
Commenting on this milestone, CEO Thomas Van den Driessche remarked, “Securing investments from distinguished backers positions us uniquely to drive innovation, strengthen our global presence, and further solidify our position as pioneers in AI-powered automation. I look forward to this next chapter in our journey as we accelerate our expansion into new markets and carry out our strategic vision.”
Founder Jonathan Berte reminisced, “More than a decade ago, I sat down with Tim Waegeman, my co-founder and CTO, who was completing his PhD in machine learning. We quickly realized that this technology had the potential to completely rewrite the rules of the game in industrial automation. We are grateful to our investors for their support and look forward to putting our technological leadership to use to accelerate the industrial adoption of AI on a global scale.”
Leading the investment round are Target Global and Astanor Ventures, with Red River West also participating in the funding. Bao-Y Van Cong, Partner at Target Global, emphasized, “Robovision epitomises the calibre of visionary teams we aspire to champion. Our investment in Robovision is underpinned by our belief in their forward-thinking approach, which has allowed them to surpass industry benchmarks in key metrics.”
Echoing similar sentiments, Hendrik Van Asbroeck from Astanor Ventures stated, “We invest in leaders in innovation, especially if they contribute to a more sustainable food system. Robovision’s spectacular innovations in agriculture were made possible by a team that is not just capable of imagining the future, but knows how to execute on it. It’s even more exciting to see the quality of the platform they’ve built, which is successfully enabling them to scale their impact to other industries like manufacturing.”
With the infusion of funds, Robovision is poised to expedite its expansion efforts in the United States, establishing a robust local presence to cater to the burgeoning demand for automated solutions in American factories. Furthermore, the investment will fuel R&D initiatives and bolster growth in existing markets, with plans underway for the establishment of new offices across Germany, France, the UK, the Middle East, and Asia.
Conclusion:
Robovision’s substantial investment signals a significant advancement in AI-powered industrial automation. With strong backing from prominent investors and a track record of successful partnerships, Robovision is poised to lead the market by expanding its solutions globally. This infusion of funds will not only accelerate its US presence but also drive innovation and market penetration across diverse industries, solidifying its position as a frontrunner in the evolving landscape of automation technologies.
