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Reshape Raises $20 Million Series A to Scale AI-Powered Imaging and Analysis Platform for Biotech, Agriculture, and Food R&D

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Reshape, Astanor Ventures

Reshape, the world’s first AI and robotics-powered imaging and analysis platform, today announced a $20m Series A investment led by Astanor Ventures, R7, ACME, Y Combinator, Unity Co-Founder Nicholas Francis, and Per Falholt. The company plans to use the funding to expand its US operations and continue automating R&D for agricultural, industrial, and biotech organizations.

Founded in 2018 in Copenhagen, Reshape enables biological researchers to automate visual experiments by capturing and analyzing data points instantly and accurately. The solution empowers research labs to accelerate the pace towards scientific discoveries by minimizing errors and maximizing time for value-adding tasks, guiding microbiological research with precision towards a deeper understanding of nature. The company’s technology is already used by dozens of leading organizations including Syngenta, University of Oxford, Novozymes, and others who save more than 500,000 hours each year in manual research processes.

Read more at Web Wire

Robovision raises $42M to accelerate AI-powered industrial automation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Robovision, Target Global, Astanor Ventures

AI-powered computer vision, Robovision, has raised $42 million in its latest investment round, bringing its funding to $65 million. Headquartered in Ghent, Robovision’s AI-powered computer vision platform offers an end-to-end, no-code solution for machinery manufacturers and production lines. Target Global and Astanor Ventures led the round. Red River West also joined the funding round.

The funding round will help accelerate Robovision’s U.S. expansion, fostering a robust local presence to address the increasing demand for automated solutions in American factories. The funds will also be used to invest in R&D and growth in existing markets, with future office openings planned across Germany, France, the UK, the Middle East, and Asia.

Read more at Tech EU