Invisible AI, a next-generation computer vision company, today announced that it has raised a $3.6-million seed round, led by 8VC. Participating investors include iRobot Ventures, K9 Ventures, Sierra Ventures and Slow Ventures.
SAN FRANCISCO, CA – MAY 6TH, 2020 – Invisible AI, a next-generation computer vision company, today announced that it has raised a $3.6-million seed round, led by 8VC. Participating investors include iRobot Ventures, K9 Ventures, Sierra Ventures and Slow Ventures.
Invisible AI offers the industry’s first no-code, edge-based computer vision platform. Their first application tracks body movement to improve manual assembly processes in manufacturing facilities. Invisible AI's technology augments the workforce by giving operators real-time feedback to increase productivity, improve quality, and ensure safety.
Earlier this year, Invisible AI was showcased by Toyota Motor North America as one of four technologies augmenting the workforce on the manufacturing floor of the world’s largest automaker.
"We are proud to be working closely with 8VC and other strategic partners to help us advance the product and meet demand," said Eric Danziger, CEO of Invisible AI. "We are already working with some of the best names in manufacturing, but we believe every organization can benefit from our AI-enabled cameras. Our service helps to assure high quality, a safe workplace, and replicate best practices throughout manufacturing facilities."
Businesses are starting to rapidly install cameras to gain visibility but this simply increases the burden on employees to review the video to gain insights. Invisible AI instead uses computer vision to help businesses answer critical questions, consistently and inexpensively. Specifically, the inability for manufacturers to monitor assembly processes results in millions of dollars of waste, lost worker time and preventable human injury or error. With this first product, Invisible AI has seen strong demand within top-tier manufacturing companies and this round of funding will be used to rapidly grow the team and expand product capabilities.
Invisible AI’s low-bandwidth and low-cost cameras can be deployed at each workstation to enable full visibility into assembly processes. This computer vision technology operates entirely at the edge with deep learning models 100x smaller than the current state-of-the-art technology available today. The proprietary, custom solution can be deployed in hours, compared to their competition which typically has a lead time of 8 weeks. There is also built-in privacy, with no video data stored in the cloud and no facial data ever utilized.
“8VC is excited to help Invisible AI expand its reach and grow its customer base,” said Alex Moore, partner at 8VC. “We are convinced that Invisible AI is set to have a huge impact on the $200-billion global manufacturing market, saving money and helping improve processes for a multitude of clients.”
For more information about Invisible AI, please visit www.invisible.ai.
ABOUT INVISIBLE AI
Invisible AI is a visual intelligence platform that’s building the next generation of computer vision solutions for manufacturing. Headquartered in San Francisco, CA, the company’s founding team comes from the world of autonomous vehicles, having previously developed state-of-the-art AI systems. Invisible AI has built an intelligent camera that tracks body posture and movement to automatically monitor assembly processes, and works with operators to ensure high production quality. The company recently closed a seed round led by 8VC, with participation from iRobot Ventures, K9 Ventures, Sierra Ventures and Slow Ventures.
Mulberry & Astor
Invisible AI is announcing a major milestone today - they have gone from creating the company to creating value on the manufacturing floor in just one year. At a Toyota event on January 17th, 2020, the largest automotive manufacturer in the world showed off Invisible AI's ground-breaking technology.
TUESDAY, JANUARY 28, 2020, 6AM PT/9AM ET: At a Toyota Motor North America event on January 17th, 2020, Invisible AI showcased its latest efforts in developing a visual intelligence platform to improve manufacturing processes. Invisible AI’s groundbreaking technology is now creating true value on the manufacturing floor for the largest automaker in the world, and was showcased as one of four technologies that are augmenting the workforce at Toyota’s event. Alongside Invisible AI were Elementary Robotics, Microsoft HoloLens, and Ready Robotics.
“We are thrilled to be recognized as a technology that is positively augmenting the workforce and are excited about the many opportunities to leverage visual intelligence to create real value for manufacturers,” said Eric Danziger, CEO of Invisible AI. “The automotive industry shows significant promise for using Invisible AI’s visual intelligence platform at scale to improve quality in manufacturing assembly lines while accentuating human craftsmanship.”
At the core, the Invisible AI computer vision platform measures how assembly is completed, tracking body posture and movement, to support line operators in real time so they can constantly improve their manufacturing processes and innovate on the factory floor. Through Invisible AI technology, operators get the assistance they need to make every part the correct way, every time.
By leveraging existing chipsets, Invisible AI is able to make powerful, low-bandwidth camera systems for its platform that run machine-learning models 100x smaller than existing state-of-the-art solutions. This no-code computer vision platform uses a simple web dashboard that makes the technology usable by a broad audience. In addition, as manufacturing processes improve and new parts or processes are implemented, Invisible AI’s technology digitally updates instruction sheets so unique tribal knowledge is saved.
“Invisible AI’s computer vision platform gets line operators involved with digital innovation to directly increase their productivity and safety, as well as the quality of goods they are manufacturing,” said Prateek Sachdeva, COO of Invisible AI.
Invisible AI is augmenting the workforce by helping operators increase their productivity across manufacturing industry sectors, from automotive to consumer goods to heavy equipment. To learn more, visit www.invisible.ai or reach out to us at firstname.lastname@example.org. To join us in building the future of computer vision, check out our career page.
ABOUT INVISIBLE AI
Invisible AI is a visual intelligence platform that helps manufacturers improve the quality of their products. By leveraging the power of edge computing and computer vision, Invisible AI is able to reduce quality errors in assembly by giving real-time feedback to employees without causing IT and bandwidth issues. We are currently working with some of the most prestigious manufacturing companies in the world, including the largest automaker in the world. To learn more, visit www.invisible.ai and follow Invisible AI on LinkedIn + Twitter.
For all media and news inquiries, please contact Invisible AI at email@example.com.