Profet AI, a Taiwanese startup that makes automated machine learning software for manufacturers, announced today that it has raised $5.6 million in Series A funding. The round was led by Darwin Ventures. The returning investor also participated in Hive Ventures, AUO and SVTI, as well as Harbinger VC and Jensen Capital Management.
Founded in 2018, Profet AI’s customers include Foxconn, Advantech and ASE Group, which it says will double its revenue by 2022. The funds will be used for Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures abroad. partner.
Profet AI’s software allows users to build predictive models and industrial AI apps for production and digitalization with only basic knowledge of machine learning.
The company’s flagship products are the AutoML Virtual Data Scientist Platform and Ready To Go applications. They are intended for use by customers in the semiconductor, electronics, chemical and textile manufacturing industries.
The AutoML Virtual Data Scientist Platform is a no-code development program that enables users to design enterprise AI applications. Ready To Go applications, on the other hand, are industry-specific AI apps that are ready to use in public cloud or on-premises environments.
Kay Lin, partner at Darwin Venture Management, said in a statement: Darwin is highly optimistic about Profet AI’s strengths and will leverage its strong background in the semiconductor and electronics industry to actively support Profet AI’s market development. ”
