Darwinai Brings Ai-Powered Visual Quality Inspection To Market And Announces A Funding Round Led By Bdc Capital To Accelerate Growth

Dec 22, 2022•almost 3 years ago

WaterlooMachine LearningArtificial IntelligenceManufacturing

Investors

Inovia CapitalObvious VenturesHoneywell VenturesDeep Tech Venture FundBdc Capital’s

Description

DarwinAI, an innovative Industry 4.0 company that is transforming manufacturing by instilling trust in Artificial Intelligence (AI), today announced a $6M USD investment round led by BDC Capital’s Deep Tech Venture Fund with participation from new and existing investors. The investment extends the capital raised through previous investment rounds led by Honeywell Ventures, Obvious Ventures and Inovia Capital.

Company Information

Company

DarwinAI

Location

Waterloo, Iowa, United States

About

DarwinAI is an innovative Industry 4.0 company that is transforming manufacturing by instilling trust in AI. The company’s visual quality inspection system provides Electronics (PCBA) manufacturers with an end-to-end system to improve product quality and production efficiency. Numerous Fortune 500 companies have adopted DarwinAI’s patented technology to integrate AI and create tangible value. DarwinAI’s IP stems from years of research (+600 research papers and awards) led by Dr. Alexander Wong, Canada’s Research Chair in the area of AI, and Professor at the University of Waterloo. The company has received numerous accolades, including many recent awards from Great Place to Work® and was named in the IRCAI/United Nations’s Top 10 Outstanding Sustainability Projects in 2022, as well as CB Insight's AI 100 list in 2021 and 2020 as one of the 100 most promising private AI companies in the world. To learn more about DarwinAI, visit their website at DarwinAI.com or follow them on linkedin and twitter @darwinai.

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