Robovision, which serves customers in 45 countries, initially gained traction in the agtech sector, which still represents 50% of its activities. However, the company is seeing faster growth in other verticals, such as life sciences and tech. The company's ability to apply learnings from one sector to another has been a key part of its success. For example, it was able to apply 3D deep learning developed for disease detection in tulips to disease detection in human lungs during the Covid crisis.
Key takeaways:
- Belgian startup Robovision has developed a "no-code" computer vision AI platform that can be used by businesses without the need for software developers or data scientists at every step of the process.
- Robovision has recently raised $42 million in a Series A funding round, co-led by Belgian agtech investor Astanor Ventures and Target Global, bringing its total equity funding to $65 million.
- The company is planning to expand to the U.S., targeting industrial and agribusiness customers, after already serving customers in 45 countries from its base in Belgium.
- Robovision's platform can be used for a variety of applications, including recognizing fruit at supermarket scale, identifying faults in newly made electrical components, and even cutting rose stems.