Belgian Computer Vision Startup Robovision Sets Sights on US Expansion to Tackle Labor Shortages
Robovision, a Belgian startup, is addressing the challenge of implementing AI solutions in sectors like manufacturing and agriculture by offering a user-friendly computer vision platform. With labor shortages driving the need for automation, Robovision aims to make deep learning tools more accessible to businesses outside the tech industry.
The company’s platform is designed to be “no-code,” meaning that software developers or data scientists are not required for every step of the process. Customers can easily upload data, label it, test their models, and deploy them in production. This approach streamlines the implementation of AI-powered automation solutions.
While Robovision does not manufacture robots, its platform caters to robotics companies looking to develop new machines that support AI-enabled automation. The versatility of the platform allows for various applications, such as recognizing fruit in large-scale supermarket operations, identifying faults in electrical components, and even automating tasks like cutting rose stems. By offering a simplified and accessible AI solution, Robovision aims to facilitate the adoption of automation across different industries.
Robovision, based in Belgium, has already established a global presence, serving customers in 45 countries. Now, with a recent Series A funding round of $42 million, the company is expanding its operations to the United States. This expansion is driven by the significant market potential in the U.S., particularly in industrial and agribusiness sectors.
The Series A round is co-led by Astanor Ventures, a Belgian agtech investor, and Target Global, a Berlin-based investor. Target Global’s involvement in the funding marks a strategic move, emphasizing its interest in supporting Robovision’s growth. Additionally, Red River West, a French venture capital firm specializing in funding European startups seeking to enter the North American market, also participated in the round.
The substantial investment will fuel Robovision’s expansion efforts and enable the company to capitalize on opportunities in the U.S. market, further solidifying its position as a leader in providing accessible AI solutions for automation across industries.