Cavalry Ventures

Assembly Line bags €4.5M to combat manufacturing labour shortage using AI and computer vision

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Deltia AI, Cavalry Ventures

Berlin-based, a computer vision software company, recently announced the completion of €4.5M in a seed funding round led by Cavalry Ventures, with participation from existing investor Merantix. The German company will use the funds to accelerate customer onboarding, enhance AI capabilities for machining processes, and integrate customer IT systems’ data.

The Berlin-based offers a solution by using visual digitisation to convert manual production processes such as assembly, packaging, and machinery adjustments into digital formats. The algorithm used by the company analyses factors like hand movements and cycle times to identify any unnecessary steps, thereby proposing ways to improve the process.

Read more at Silicon Canals

Openvolt raises €1.5M Pre-Seed round for its innovative smart meter API

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Openvolt, Cavalry Ventures

Openvolt has developed a smart meter API to enable companies to accurately report carbon emissions, support property owners with the information needed to decarbonise their buildings and to enable ‘the growth of flexibility markets’. It is launching its Beta API, granting access to meter-level energy consumption data in the United Kingdom.

The remote startup, with British and Irish roots, has raised a Pre-seed round of €1.5 million. The round was led by Cavalry Ventures and included participation from Übermorgen Ventures. Funds fuel Openvolt’s recruitment drive to attain its commitment to secure European talent for key roles, in particular remote software engineers.

Read more at Tech EU