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AI-powered computer vision startup secures $42M in funding

2 mins

Jude Foster

Published by: Jude Foster

08 April 2024, 05:56PM GMT+00:00

In Brief

RoboVision secures $42M for AI vision platform.

Total funding now $65M, eyes expansion in Europe & US.

Big investors include Target Global & Astanor Ventures.

Platform integrates AI into production, no AI expertise needed.

Tech used by Stanford for disease research, in 38 countries.

RoboVision, a startup from Belgium that specializes in computer vision, just landed $42 million in a big funding round. This cash injection is a game-changer for their AI vision platform, which is all about making it easier to blend AI into production lines in all kinds of industries. With this new funding, RoboVision’s total money raised hits $65 million. They're planning to use this to break into new markets like Germany, France, the U.K., and maybe even the Middle East, and to beef up their operations in the U.S.

The funding round attracted big names like Target Global, Astanor Ventures, and Red River West. With their wallets a bit thicker, RoboVision is set on not just stepping into new territories but also upping their game where they already are. The company’s head honcho, Thomas Van den Driessche, is buzzing about the future. He's ready to use this financial leg-up to boost their presence worldwide and keep leading the charge 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," he shared. It’s clear they’re on a mission to bring deep learning tools to more companies, even those without their own AI wizards.

What’s cool about RoboVision’s platform is that it fits right into the machines and production lines companies already have, bringing smart vision tech to the factory floor. It’s user-friendly, too, aiming to tear down the barriers to deep learning tech, so staff can whip up and roll out AI models without needing a background in AI. This push to democratize AI tech is set to shake up industries like farming, retail, and healthcare, proving that advanced tech isn’t just for the tech-savvy. Already, their tech is powering over a thousand robots in 38 countries, showing just how versatile and impactful it can be.

And it’s not just about industry stuff. Stanford University is using RoboVision’s tech for something super important: developing AI solutions for complex diseases. This partnership gives Stanford’s brainiacs a way to work with medical models and data easily, even without deep AI know-how. It’s a perfect example of how RoboVision is helping push AI beyond the tech world, making it a powerful tool for solving real-world problems.

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