Taiwanese Startup Revolutionizes Auto Machine Learning for Manufacturers
Taiwanese startup Profet AI, a leading provider of auto machine learning software for manufacturers, has announced a significant milestone – securing $5.6 million in Series A funding. The round was led by Darwin Ventures, with returning investors Hive Ventures, AUO, and SVTI also participating, alongside Harbinger VC and Jensen Capital Management.
Profet AI’s Journey to Success
Founded in 2018, Profet AI has established itself as a trusted partner for manufacturers, including Foxconn, Advantech, and ASE Group. The company boasts impressive revenue growth, doubling its sales in 2022. With this latest funding round, Profet AI is poised to further expand its presence in key markets, including Japan, Southeast Asia, and China.
Utilizing Auto Machine Learning for Industrial Digitalization
Profet AI’s software empowers users to build prediction models and industrial AI applications, even with basic knowledge of machine learning. The company’s flagship products are the AutoML Virtual Data Scientist Platform and Ready To Go Applications, designed specifically for clients in the semiconductor, electronics, chemicals, and textile manufacturing industries.
Key Features:
- AutoML Virtual Data Scientist Platform: A no-code development program that enables users to design enterprise AI applications.
- Ready To Go Applications: Industry-specific AI apps ready for use in public cloud or on-premise environments.
Market Development and Future Plans
Darwin Venture Management partner Kay Lin expressed confidence in Profet AI’s strengths, stating, "The AutoML Virtual Data Scientist Platform of Profet AI is based on empowering, which quickly enables digital transformation and intelligent evolution in the manufacturing industry." With this funding, Profet AI aims to sign joint ventures with overseas partners and accelerate its expansion in key markets.
Investment and Growth Opportunities
This Series A funding round underscores the growing demand for auto machine learning solutions in the manufacturing sector. As manufacturers seek to digitize their operations and improve efficiency, Profet AI’s innovative software is poised to play a significant role in driving this transformation.
Conclusion
Profet AI’s success serves as a testament to the potential of Taiwanese startups in the technology sector. With this latest funding milestone, the company is well-positioned to continue its growth trajectory, empowering manufacturers worldwide with cutting-edge auto machine learning solutions.
About Profet AI
- Founding Year: 2018
- Headquarters: Taiwan
- Industry Focus: Auto Machine Learning for Manufacturers
Related News and Developments
- Smartex secures $24.7M to enhance textile manufacturing with smarter eyes
- Nvidia releases tools and guardrails to nudge enterprises to adopt AI agents
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