Luxembourg-based Wizata nabs €2.7 million to digitize manufacturing with AI
Summary
Today Wizata, the Industry 4.0 artificial intelligence startup from Luxembourg, has raised €2.7 million in a round led by two new partners Volta Ventures and KBC Focus Fund, with participation from the original founders and longtime partner Expon Capital. Wizata, founded in 2014, provides an open architecture platform that empowers engineers to optimize and automate the production process with AI in real time. The Wizata platform is being used by leading companies in the materials sectors to autonomously build and deploy AI directly on their production lines, while keeping data, models and IP under their exclusive control. Wizata customers use less resources, at improved quality and yield, while reducing downtimes and energy costs. We see great potential in their open and very scalable platform, which will allow organizations to embrace the Industry 4.0 transformation and implement AI in their manufacturing operations.
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