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.
“The exceptional match of KBC Focus Fund, Volta Ventures, and Expon Capital’s Digital Tech Fund will allow Wizata to become an Industry 4.0 champion that will optimize and digitize manufacturing production processes through AI”, said Jean-Philippe Hugo, CEO of Wizata.
“We are happy to support Wizata’s ambition in driving operational efficiencies in the process manufacturing industry, leveraging their AI technology,“ said Koen De Waele, Venture Partner at Volta Ventures. “This marks the first investment of Volta’s second fund and our first investment in Luxembourg.”
Nuno Carvalho, Investment Director at KBC Focus Fund said: “At KBC, we are investing in companies active in the IIoT domain that have the potential to become global players. Wizata is one of these. 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. We are delighted to actively support Wizata through the network and expertise of KBC Group.”
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
