A series A round-headed by Darwin Ventures garnered US $5.6 million for Profet AI, a Taiwanese manufacturing firm.
Hive Ventures, AUO, SVTI, Harbinger Venture Capital, and Jensen Capital Management are additional investors in this round.
Artificial intelligence is used by Profet AI to increase operational effectiveness for producers of electronics, textiles, semiconductors, and chemicals.
AutoML and ready-to-use apps are the two products that the firm now offers. The first comprises plug-and-play AI algorithms tailored to various industries, while the latter is a no-code development software for building bespoke apps.
Jerry Huang founded Profet AI in 2018, and it has since grown to serve over 100 clients in 12 significant sectors. Among its customers are the optoelectronics solutions provider AUO, the textile producer Everest Textile, and the electronics maker Qisda Corporation.
Additionally doubling its income in 2022, Profet AI achieved a capital efficiency ratio of 1:1.
The firm will utilize the additional funding to hasten the creation of new goods and revamp its two main items. Additionally, it intends to expand into other areas, such as Southeast Asia, Japan, and China.
The enterprise AI market, estimated at US $11.4 billion in 2021, is anticipated to develop at a compound annual growth rate of 34.6%.
