Profet AI helps manufacturers build prediction models and industrial AI software
Profet AI, a Taiwanese startup that makes auto machine learning software for manufacturers, announced today it has raised $5.6 million in Series A funding. Darwin Ventures led the round. Harbinger VC, Jensen Capital Management, and Hive Ventures were also present as return investors.
Founded in 2018, Profet AI has customers such as Foxconn, Advantech, and ASE Group. It claims it has doubled its revenue for 2022.. The funding will be used to expand Profet AI in Japan, Southeast Asia, and China. There are plans to sign joint ventures overseas partners.
Profet AI software allows users to build prediction models and industrial AI applications for production and digitalization.
The company’s most popular products are the Ready To Go Applications and AutoML Virtual Data Scientist Platform. These products are designed for clients in the semiconductor and textile manufacturing industries.
The AutoML Virtual Data Scientist Platform allows users to design enterprise AI applications. Ready To Go Applications are specific AI apps that can be used in public cloud and on-premise environments.
Kay Lin, a partner at Darwin Venture Management, stated that ProfetAI’s strengths are very strong and that she is optimistic about its market potential. She will use her extensive experience in the semiconductor and electronics industry to assist ProfetAI’s market development. Darwin is optimistic about Profet AI’s strengths and will leverage our strong background in the semiconductor-electronics industry to actively support Profet AI’s market development .”
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