Robovision Raises $42M in Series A Funding to Propel Global Expansion of AI Computer Vision Platform
Robovision is making strides in the AI computer vision sector with its cloud-based platform designed to streamline the integration and management of vision intelligence in smart machines.
Company Name: Robovision
Location: Ghent, Belgium
Sector: AI/Computer Vision
Funding Details: Raised $42m in Series A funding, with a $23m convertible loan conversion from 2022, totaling $65m. Backers include Target Global, Astanor Ventures, and Red River West.
Purpose of Investment: To fund R&D, expand business reach in existing markets with potential openings in Germany, France, the UK, Middle East, and Asia, and to scale operations in the US.
Leadership: Led by CEO Thomas Van den Driessche
Product: Robovision offers an AI-powered central platform that manages vision intelligence inside smart machines in the cloud, allowing users to control AI vision, minimize downtime, scale solutions globally, reduce dependency on third parties, and maximize ROI on AI investments.
About Company: Robovision is making strides in the AI computer vision sector with its cloud-based platform designed to streamline the integration and management of vision intelligence in smart machines. The platform’s flexibility and ease of use empower customers to leverage AI vision capabilities without the need for AI expertise, facilitating global scale-out of AI solutions and enhancing operational efficiency across diverse industries.