Computer vision software developer Invisible AI has raised $15 million (£13.5m) in a Series A round of funding.
New investment, led by Van Tuyl Companies (VTC), brings the company’s total amount raised to $21 million (£19m). Other investors included 8VC, K9 Ventures, FM Capital, and Sierra Ventures.
Invisible AI powers its computer vision technology through an edge AI software platform that requires no coding knowledge. This allows developers to easily build AI applications in sectors such as smart manufacturing and Industry 4.0.
One key use case includes tracking employee body movement and providing real-time feedback to ensure safety and improve productivity.
The newfound funds will be used to grow Invisible AI’s team and expand to meet growing demand from the industry.
Invisible AI’s tech is already installed in six large-scale facilities, with eight more planned for installation over the next six months.
In May this year, the company partnered with Toyota Motor North America in a bid to integrate its computer vision solutions across Toyota’s fourteen manufacturing plants. Through Invisible AI’s solutions Toyota gains practical insights into issues on its assembly lines.
Mark McNabb, a managing director at VTC with a wealth of automotive industry experience, said: “What Invisible AI stands to offer for manufacturing is truly revolutionary. VTC is excited to work with the Invisible AI team to offer best-in-class solutions for manufacturers.”
Invisible AI technology is equipped with edge AI devices powered by an AI chipset. It offers 1TB of storage with a high-resolution 3D camera tracking activity across manufacturing plants. The software takes real-time actions to identify the potential for high-stress injuries and prevent simple defects.
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