MACHINING
INSPEKTO INVESTMENT
INSPEKTO
MILLIONS
TO BACK
AUTONOMOUS
MACHINE VISION
Leading multinational industrial companies
from Germany and Switzerland have
invested more than US $10 million into
Inspekto. The company is the founder and
developer of the Autonomous Machine
Vision category ─ a visual system that allows
manufacturers to set-up, install and detect
defects in production in minutes, without
the help of any external experts or systems
integrators. The start-up will meet the needs
of a yearly multi-billion-dollar market across
a broad range of vertical manufacturing
sectors, including automotive and
electronics.
The $10 million injected comes from leading
industrial players, as well as expert financial
investors. Inspekto’s investors include:
Grazia Equity, ZFHN, Mahle, Planven, THI
Investments and Steinbeis. The company’s
valuation post investment is in the region of
$60 million.
The funding is for Inspekto’s launch
activities of Plug & Inspect™ technology
driving its leading product, the INSPEKTO
S70. During research and development
(R&D), Inspekto collaborated with tens of
leading DACH manufacturers to ensure the
product is perfectly aligned with market
needs and requirements. The company
is now heading to its official launch at
VISION 2018 in Stuttgart, where it will hold
live product demonstrations and make
its product available for general sale to
manufacturing plants worldwide.
“The INSPEKTO S70 is the world’s first ever
Autonomous Machine Vision product, which
will reinvent machine vision QA,” explained
Harel Boren, CEO of Inspekto. “Leading
players chose to invest in Inspekto because
of its huge expected impact on industry,”
added Boren. “This financial support offers
a vote of confidence in the expected impact
of Autonomous Machine Vision on the
quality assurance (QA) industry – a multi-
billion-dollar market. Inspekto’s mission is
to make quality assurance managers love
their jobs, by giving them complete control
of where, when and how visual QA can be
conducted.”
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“Inspekto’s research team aspires to explore
and push the boundaries of computer-
vision and artificial-intelligence to allow
autonomous machine-vision solutions for
industrial manufacturers,” added Yonatan
Hyatt, CTO of Inspekto. “Our introduction
of zero-friction setup of inspection
units throughout entire production
lines is bringing factories to peak levels
of efficiency and ensuring immediate
detection of defects right as they appear
in the manufacturing process. The current
financing will allow us to further deepen our
domain-specific research, alleviating major
points of pain in the industrial domain.”
“As one of the largest automotive suppliers
worldwide, we identified early-on the
enormous potential impact of Autonomous
Machine Vision on production, performance
and competitive edge,” said Johannes Diem,
Corporate Planning, Corporate Strategy,
Venture Capital and M&A Strategy at MAHLE
International GmbH.