Tuesday, November 17, 2020

Continue to focus on industrial AI vision platform services, "Aqiu Technology" completes US$20 million in Series B financing

 Its standardized product AIDI has received orders from Foxconn and Luxshare Precision in the precision manufacturing industry.

 Akiu Technology , an industrial AI vision platform service provider, announced the completion of US$20 million in Series B financing. Xianghe Capital led the investment, and the old shareholders DCM and Legend Capital followed in the investment. This round of financing will be mainly used to increase core product research and development, expand delivery and sales teams, and provide better products and services to customers in the domestic industrial AI vision market.

Akiu Technology was established in 2017. The core team comes from the artificial intelligence laboratory of Tsinghua University, focusing on the research and development of artificial intelligence and industrial machine vision core technologies. The industry-oriented AI vision platform that has been launched currently covers subdivision scenarios such as 3C, automotive, semiconductor, and logistics, and provides enterprises with functions such as defect detection, character recognition, complex classification, and target positioning.

Akiu disassembled the industrial AI vision landing process into standardized steps, and through the visual interface, users without programming knowledge can complete AI model training and deployment according to their own business scenarios. Aciu standardized products AIDI Foxconn has been in the precision manufacturing industry, sophisticated telecommunications legislation and other customer orders. The easy-to-use features of the platform enable industry equipment vendors and integrators to quickly develop industrial AI visual inspection systems for specific scenarios based on AIDI.

There are three main driving forces for the growth of the machine vision market: one is the increased demand for quality inspection and automation in the industry; the second is the increase in demand for vision-guided robotic systems; the third is the increase in the application rate of 3D machine vision systems.

According to the latest research report released by MarketsandMarkets, the global machine vision market will be worth 10.7 billion U.S. dollars in 2020. By 2025, the market will grow to 12.7 billion U.S. dollars, with a compound annual growth rate of 13.6% during the forecast period (2020-2025). . As the Asia-Pacific region has large-scale manufacturing plants worldwide, the application of automated production processes is also regarded as a top priority and is expected to occupy a major market share as expected. It is mainly used in consumer electronics, medical, automotive and other industries.

In the current era of Industry 4.0, China's manufacturing industry is facing transformation and upgrading, and AI technology has just begun to be used in the industrial field. In the future, there will be more use cases for machine vision in the industrial field. Companies that use machine vision for object inspection have also reported on Lingshang Technology, Shuyou , Gaoshi Technology , Elite Vision , and Square Sum .

Huang Yao, founder and CEO of Akiu Technology, said, “The core basic software of industrial machine vision has always been a domestic shortcoming. The impact of the 2020 epidemic and complex international relations have made us see the lack of basic software in China’s industrial sector. In the future. , Archiu Technology will work hard to build technical barriers, improve local-end-cloud capabilities, starting from the penetration of key industries such as 3C, semiconductors, and automobiles, and then empower the entire industry. We will be globalized Vision, set up enough determination to make the products match similar competitors such as foreign leading manufacturers Cognex and Orbotech."

About investment:

Tang Hesong, the founding partner of Fang Xianghe Capital, the lead investor of this round, said: "The application of AI in the vertical field has always been the focus of Xianghe. Vision technology has been used in the industrial field for a long time. The introduction of AI has greatly enhanced the vision. The scope of application of technology. Aqiu has been deeply involved in the field of industrial AI vision. Its easy-to-use standardized products, the recognition of top customers in multiple fields, and the spirit of Huang Yao and his team's hard work have left a deep impression on us. Xianghe I am very pleased to lead the new round of financing for Akiu. I believe that under the leadership of CEO Huang Yao, Akiu can become a leading company in the field of industrial AI vision." 


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