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In a significant leap towards revolutionizing industrial automation, Robovision, the AI-powered computer vision pioneer, has secured a whopping $42 million in its latest funding round, surging its total funding to an impressive $65 million. Headquartered in the vibrant tech hub of Ghent, Robovision specializes in providing cutting-edge AI-powered computer vision solutions, offering an end-to-end, no-code platform tailored for machinery manufacturers and production lines.
Noteworthy for its remarkable contributions in the agricultural sector, Robovision has played a pivotal role in driving over $250 million in sales for its partners. Collaborating with ISO Group, the company has facilitated the annual planting of a staggering 1 billion tulips, accounting for half of the world's production, while also aiding Japanese conglomerate Hitachi in producing semiconductor wafers.
What sets Robovision apart is its unique platform's ability to seamlessly integrate Vision AI into existing machinery and production lines, ushering in a new era of automation. This enables users, including factory operators and farmers, to effortlessly create and manage their AI models, fostering smarter and more tailored automation solutions. This Industrial AI prowess blends specialized industry knowledge with cutting-edge technology, paving the way for more intelligent and purpose-driven automation.
CEO Thomas Van den Driessche expressed his enthusiasm, stating, "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."
Robovision founder Jonathan Berte reflected on the company's journey, remarking, "More than a decade ago, we envisioned leveraging machine learning to redefine industrial automation. Today, with the unwavering support of our investors, we are poised to propel the global adoption of AI in industrial settings."
Leading the investment round are Target Global and Astanor Ventures, with Red River West also joining the funding round. Bao-Y Van Cong, Partner at Target Global, emphasized Robovision's visionary approach, while Hendrik Van Asbroeck from Astanor Ventures commended the company's commitment to driving innovation in a sustainable manner.
The influx of funds will fuel Robovision's expansion into the U.S. market, reinforcing its local presence to meet the surging demand for automated solutions in American factories. Additionally, the investment will be channeled into R&D efforts and further growth in existing markets, with strategic office openings planned across Germany, France, the UK, the Middle East, and Asia, solidifying Robovision's global footprint in the realm of industrial automation.
