Target Global, Astanor Ventures and Red River West invested $42 million in artificial intelligence startup Robovision. The Series A round closed on March 28. This follows from Crunchbase data, to which RB.RU drew attention.
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Robovision is an adaptive engine for artificial intelligence solutions that transforms image into action. The company was founded in 2009 in Belgium. Over the entire period of its existence, the startup managed to receive 60.7 million dollars.
Robovision will use the funds raised in the latest round for R&D (research and development) and growth in the markets where it operates. In the future, the company plans to open offices in Germany, France, Great Britain, the Middle East and Asia.
Target Global is a venture fund that specializes in investing in fast-growing, large-market, globally focused B2C or B2B companies at any stage of business development and across a wide variety of industries. The founders are Alexander Frolov, Mikhail Lobanov.
Author:
Karina Pardaeva
Source: RB
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