Profet AI Closes US$5.6M in Series A Funding

Profet AI, a Taiwan-based developer of manufacturing auto machine learning solutions, raised US$5.6M in Series A funding.

The round was led by Darwin Ventures, with participation from Hive Ventures, AUO, SVTI, Harbinger Venture Capital, and Jensen-Capital Management.

The company intends to use the funds to accelerate its overseas expansion into Japan, Southeast Asia and China, further develop its AutoML Virtual Data Scientist Platform and Ready To Go Applications, and accelerate new product development.

Led by Jerry Huang, Founder and CEO, Profet AI provides auto machine learning solutions for semiconductor, electronics, chemicals and textile manufacturers to boost their operational efficiencies with the power of artificial intelligence (AI). The platform has two flagship solutions:

• Profet AI’s AutoML Virtual Data Scientist Platform, a no-code development program powered by its AutoML engine that enables users to rapidly design and develop enterprise AI applications for their everyday processes; and
• Ready To Go Applications, which is built on Profet AI’s enterprise AI platform and is a library of tried and tested, industry specific “Plug & Play” AI applications ready to be deployed and hyper-scaled in any public cloud or on-premises environment.

Since its establishment, Profet AI has been used by brands in various manufacturing industries and has accumulated more than 100 customers across 12 major industries, successfully assisting companies such as ASE Inc., Qisda Corporation, Everest Textile, WUS Printed Circuit, Symbio Inc., AUO, and Cheng Shin Rubber etc., to achieve AI-empowered core manufacturing competitiveness.

FinSMEs

05/01/2023