Banking ML News

AInnovation Completes Series D Financing, Further Focusing on Smart Manufacturing

AInnovation Completes Series D Financing, Further Focusing

AInnovation announced that it has completed Series D financing led by SoftBank Vision Fund 2*. After this round, AInnovation will continue to focus on empowering the manufacturing industry with artificial intelligence and become a leading provider of industry intelligence transformation solutions.

Dr. Eric Chen, Managing Partner at SoftBank Investment Advisers: “The smart manufacturing area focused by AInnovation has considerable value-added potential for its customers. We are pleased to support AInnovation in applying its technology to help enterprises and continuing its innovation.”

Read More: EY Announces Industry Cloud Innovations to Help Organizations Accelerate Business Transformation

Hocking Xu, Co-Founder & CEO at AInnovation: “China has a comprehensive range of manufacturing industries and a large industrial scale, and many fields are worth exploring and upgrading with AI technology. AInnovation focuses on iron and steel metallurgy, engineering and construction, OLED panel, automotive equipment, energy and power, high-tech/3C and other subsectors. We have launched a variety of industry leading and AI products and solutions for specific industries, and have won recognition from many industry benchmark customers.”

Read More: Mogo Announces Close of Previously Announced Increased Investment in Canada’s Leading Crypto Platform, Coinsquare

Based on its computer vision and machine learning technologies, AInnovation has developed three proprietary platforms including ManuVision Intelligent Machine Vision Platform, MatrixVision Intelligent Edge Video Platform, and Orion Distributed Machine Learning Platform, to accumulate algorithm assets and provide rapidly deployable products and solutions. Because of its innovations in applying AI in manufacturing industry, AInnovation has been listed by Gartner as global machine vision “Example vendor” and “Cool Vendor” in AI for Computer Vision.

Read More: AppBrilliance Unveils ‘Push-to-Business’ Digital Payments Model; Solidifies Leadership with Strategic Appointment of Steve Mott to Advisory Board

Related posts

SnapFi: First Lender in California to Close a Digital Mortgage

FTS News Desk

Kasasa Wins Three Telly Awards for Community in Focus and Kasasa Care Videos

FTS News Desk

Coconut Software Partners With Google to Help Financial Institutions Drive Increased Branch Traffic Through Search

FTS News Desk