UnitX – a robotics company building next-generation AI vision systems at the forefront of quality and yield management in manufacturing – recently announced a $5 million investment from SE Ventures, a venture fund backed by energy and automation giant Schneider Electric.
UnitX – through its software-defined vision system (OptiX) and its edge AI compute platform (CorteX) – offers manufacturing customers unparalleled inspection and defect detection capabilities. This technology can drive step-change improvements in detecting visual defects that often escape error-prone and overworked human inspectors or legacy machine vision systems. By partnering with UnitX, customers are able to significantly reduce scrap, improve yield, and maintain the highest quality standards.
The investment from SE Ventures will help UnitX to expand its geographic reach and accelerate its mission to radically elevate the quality, traceability, and profitability of manufacturing operations.
KEY QUOTES:
“We have looked at every major startup in this category in the past two years and it is clear to us that UnitX has cracked the right product and go-to-market approach to quickly deliver significant ROI to large enterprise customers. Moreover, they are focused on large yet underserved market segments like electric vehicle and lithium-ion battery manufacturing that are going to see a significant capacity expansion in the near future.”
- Varun Jain, General Partner at SE Ventures
“UnitX is one of the fastest growing players in our category and our systems are running on the production lines of the world’s top manufacturers in Li battery and automotive. That said, the deep domain knowledge of the SE Ventures team coupled with the complementary offerings with Schneider Electric’s market leading automation and software solutions will enable UnitX to deliver value to manufacturers on a larger scale.”
- Keven Wang, CEO & Co-Founder of UnitX
