Robovision, a pioneer in AI-powered computer vision headquartered in Ghent, has secured $42 million in its recent funding round, elevating its total funding to $65 million.
Unique AI-Powered Solutions for Machinery Manufacturers and Production Lines
Robovision’s AI-powered computer vision platform offers a groundbreaking, no-code solution tailored for machinery manufacturers and production lines. With over $250 million in sales generated for its partners, Robovision has demonstrated its effectiveness, particularly in the agricultural sector.
Revolutionary Impact in Agriculture and Beyond
The company’s partnership with ISO Group has facilitated the annual planting of 1 billion tulips, accounting for half of the world’s production, and has aided Japanese conglomerate Hitachi in semiconductor wafer production. Robovision’s platform stands out for its capacity to upgrade existing machinery and production lines with Vision AI, empowering end-users to develop and maintain their AI models seamlessly.
Visionary Leadership and Technological Innovation
Jonathan Berte, the founder of Robovision, expressed gratitude for the support from investors and highlighted the company’s journey towards revolutionizing industrial automation. The collaboration between Berte and co-founder Tim Waegeman, grounded in a shared vision of leveraging machine learning for industrial automation, laid the foundation for Robovision’s pioneering work.
Backing from Visionary Investors
Target Global and Astanor Ventures spearheaded the latest investment round, emphasizing Robovision’s visionary approach and impactful contributions to various industries. The endorsement from investors underscores confidence in Robovision’s ability to surpass industry standards and drive innovation globally.
Expansion Plans and Future Prospects
The funding infusion will facilitate Robovision’s expansion in the United States, catering to the rising demand for automated solutions in manufacturing. Additionally, investments in research and development will fuel growth in existing markets, with strategic office openings planned across Europe, the Middle East, and Asia.
TL;DR:
- Robovision secures $42 million in funding, reaching a total of $65 million.
- The company specializes in AI-powered computer vision for machinery manufacturers and production lines.
- Robovision’s partnerships have made significant impacts in agriculture and semiconductor manufacturing.
- Co-founders Jonathan Berte and Tim Waegeman spearhead the company’s visionary approach to industrial automation.
- Leading investors, including Target Global and Astanor Ventures, endorse Robovision’s innovative solutions.
- The funding will drive expansion in the U.S. and support research and development for global growth.
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