On June 3, AInnovation announced completion of Series D funding round from Softbank Vision Fund II-2. With this funding round, AInnovation will invest more in AI-enabled manufacturing, striving to become an industry leader in intelligent transformation solutions.
"AInnovation attaches great importance to intelligent manufacturing as it holds considerable value increment for customers and promises a great future. We are confident in the AI commercialization capability of AInnovation and hope more breakthroughs made by the company," said Dr. Chen Xun, a partner of Softbank Vision Fund.
"China has a wide scope of manufacturing industries and a large industrial scale, and many fields are worth exploring and upgrading with AI technology. AInnovation has launched a number of industry-leading or sector-unique AI products and solutions in segments like steel and metallurgy, engineering and construction, panel semiconductor, automotive equipment, energy and power, and 3C high-tech, winning recognition from many major industry customers," said Hocking Xu, Co-founder and CEO of AInnovation.
Dedicated to developing computer vision and machine learning technologies, AInnovation has built AInnovation ManuVision machine vision intelligence platform, MatrixVision edge video intelligence platform, and Orion automated machine learning platform, and offered products and solutions that can be delivered and commercialized quickly based on the algorithmic assets accumulated on the three major platforms. With its technological innovation prowess in the intelligent manufacturing industry, AInnovation is listed by Gartner, the world's leading research institute, as a global "Example Vendor" for machine vision and a "Cool Vendor" for AI computer vision".
* As of the date of this press release, SoftBank Group has made capital injection and allowed Softbank Vision Fund II-2 to invest in certain portfolio companies. The information contained herein is for informational purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests in any of the Funds (including Softbank Vision Fund II-2). Softbank Vision Fund II-2 has not yet closed its external fundraising and third-party investors will receive additional information related to Softbank Vision Fund II-2 investment projects prior to the closing of the fundraising.