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Landing AI Secures Funding to Unlock Power of Small Datasets, Unleashi…

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작성자 Chiquita
댓글 0건 조회 10회 작성일 24-04-01 02:57

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PALO ALTO, Calif., November 8, 2021 - Landing AI, which provides tools that make constructing and deploying AI methods in manufacturing sooner and simpler than ever, right now announced Series A funding of $57 million led by McRock Capital, https://promtschatgpt.com the primary investment firm targeted completely on the Industrial IoT.

In addition, New York-primarily based international private fairness and venture capital firm Insight Partners, Taiwania Capital, Canada Pension Plan Investment Board (CPP Investments), Intel Capital, Samsung Catalyst Fund, Far Eastern Group’s DRIVE Catalyst, Walsin Lihwa, and AI Fund all participated in the spherical.

Landing AI, led by artificial intelligence visionary, Andrew Ng, developed LandingLens™, a quick, straightforward to make use of enterprise MLOps platform. It applies AI and deep studying to assist manufacturers clear up visible inspection issues, discover product defects more reliably, and generate enterprise value.

Landing AI sees the next period of AI as one by which all companies entry the benefits of AI-not just consumer web companies like Google and Facebook-however legacy industries akin to manufacturing, healthcare, and agriculture. To do that, Landing AI says industries should adopt a new, information-centric approach to constructing AI that ensures that the info conveys what they want the AI to learn. Using knowledge-centric AI technology, the application of AI will now not depend upon large knowledge but on the information the entities actually have, which is often restricted.

"You don’t always need massive knowledge to win with AI. You need good information that teaches the AI what you need it to learn," stated Ng, Founder & CEO of Landing AI. "AI built for 50 million information factors doesn’t work once you only have 50 data factors. By bringing machine studying to everyone no matter the size of their data set, the subsequent era of AI can have a real-world influence on all industries."

The info-centric approach of Landing AI can also be key to creating LandingLens fast and simple-to-use. The technique of engineering the data, as an alternative of the AI software, provides an efficient way for manufacturers to show an AI model what to do. Domain consultants, not just AI specialists, can now build an AI system, and take it to manufacturing. For example, quite than needing to write pages of code to practice a neural network, a domain professional can do it with a few mouse clicks. This no code/low code knowledge-centric platform permits new users to construct superior AI fashions in lower than a day. Vision inspection projects that used to take over a yr can be executed in just weeks utilizing LandingLens.

"Landing AI will unleash the ability of the Industrial IoT one company, one manufacturing unit, and one manufacturing line at a time," said Scott MacDonald, Co-Founder and Managing Partner of McRock Capital. "We accomplice with relentless entrepreneurs, like Andrew, who convey transformative digital technologies to giant industrial markets." As a part of the financing, MacDonald has joined the Landing AI Board of Directors.

"Digital modernization of manufacturing is rapidly growing and is anticipated to reach $300 billion by 2023," said George Mathew, Managing Director at Insight Partners. "The alternative and need for Landing AI is barely exploding. It can unlock the untapped section of focused machine vision tasks addressing quality, effectivity and output. We’re trying forward to enjoying a task in the next part of Landing AI’s thrilling journey."

Landing AI is on a powerful growth trajectory and clients are reaping the advantages. "Partnering with Landing AI can improve the reliability and efficiency of our quality inspection course of, which is necessary to our company’s progress. Using chopping-edge deep studying instruments like LandingLens enables our staff to maneuver sooner and deal with creating and commercializing our subsequent-technology batteries," mentioned Tim Holme, Co-founder & CTO, QuantumScape.

The brand new investment will likely be used to accelerate product innovation as well as develop engineering and operations teams inside Landing AI, together with engineering, product, sales, and advertising and marketing. To affix the Landing AI workforce please go to https://landing.ai/careers/ and to schedule a demo of LandingLens, please click right here.

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