Venture Capital Access Online | Venture Capital News
Summary
Built on the companys deep AI expertise, Neuralas VIA software delivers an integrated solution designed to help manufacturers improve quality inspection on the production line. This past year we were able to turn a global crisis into an opportunity to both completely transform our business and to catalyze much-needed innovation in the AI space, said Max Versace, CEO and co-founder of Neurala. The new capital represents the next phase of growth for Neurala as it will be used to expand upon its newfound global presence as the company continues to help manufacturers around the world harness the power of vision AI. Todays manufacturers are leveraging AI and automation to address challenges such as production constraints, supply chain disruptions, and imperfect workforce availability, said Tony Palcheck, managing director of Zebra Ventures. Founded in 2006, Neuralas research team invented Lifelong-DNN (L-DNN) technology, which lowers the data requirements for AI model development and enables continuous learning in the cloud or at the edge.