Ghent-based Robovision Secures $42Million in fundingfrom Target Global and others

AI-powered computer vision platform, Robovision secures $42million in funding increasing its total funding to $65 million. The financing was headed by Astanor Ventures and Target Global. Red River West entered the financing round as well, Startup Rise reports.

Production lines and machinery makers can benefit from an end-to-end, no-code solution provided by Robovision’s AI-powered computer vision platform.

The business has brought in over $250 million in revenue for its partners, and it excels in the agricultural industry. Through a cooperation with ISO Group, Japan’s largest company Hitachi is able to make semiconductor wafers and plant one billion tulips annually, or half of the world’s total production.

The Robovision platform is special because it can use Vision AI to modernise manufacturing lines and current machinery, enabling next-generation automation. This makes it possible for end users to develop and manage their own AI models, including farmers and industry owners.