Robovision has successfully raised $42 million in its latest investment round.
The funding round will help accelerate Robovision's US expansion, fostering an improved local presence to address the increasing demand for automated solutions in American factories. The funds will also be used to invest in R&D and growth in existing markets, with future office openings planned across Germany, France, the UK, the Middle East, and Asia.
CEO Thomas Van den Driessche commented, "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."
Robovision founder Jonathan Berte said, "More than a decade ago, I sat down with Tim Waegeman, my co-founder and CTO who was in the midst of 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 in order to accelerate the industrial adoption of AI on a global scale."
Bao-Y Van Cong, Partner at Target Global, states, "Robovision epitomizes the caliber of visionary teams we aspire to champion. The advanced Robovision AI platform, propelling transformative applications across diverse sectors, underscores the profound potential of cutting-edge vision technology. Our investment in Robovision is underpinned by our belief in their forward-thinking approach, surpassing industry benchmarks in key metrics."
Hendrik Van Asbroeck from Astanor Ventures adds, "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 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 on other industries like manufacturing."
For more information:
Robovision
www.robovision.ai