Belgian startup Robovision, which offers companies a no-code platform to develop AI-based computer vision solutions, has raised $42 million in a Series A round led by Astanor Ventures and Target Global. The French venture capital firm Red River West also participated in the round.
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Robovision already serves clients in 45 countries and, thanks to a new round of investment, intends to expand in the United States, with the interest of clients in industry and agribusiness, writes TechCrunch.
Today, in agriculture, in a situation of personnel shortage, companies are striving to use artificial intelligence, computer vision capabilities for data collection, tracking and collection. But these types of solutions are quite complex and expensive.
Belgian startup Robovision claims to have found a solution to this problem. The company is making AI analytics tools that use computer vision more accessible.
This is achieved through the nocode platform, which does not require the participation of software developers or data processing specialists at the stage of creating software for specific company purposes. For example, to recognize fruits and vegetables, identify low-quality fruits or products or even trim plant stems if necessary.
Robovision does not manufacture robots itself, but specializes solely in process automation. The company’s valuation amounts to about $180 million and in total about $65 million was raised in investment rounds.
Author:
Ekaterina Alipova
Source: RB
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