CADY, an Israeli company that uses AI to perform automatic inspections of PCBs (Printed Circuit Boards), announced that it raised $3 million in funding to develop automatic PCB inspections.
The round was led by Teramips Technologies and former CEO of Friendly Robotics, Udi Peless, who joins as Chairman of the Board.
Additional participants in the round include TAU Ventures, Tel-Aviv University’s Venture Capital fund and previous CADY investor, Today Ventures, Aristagora VC, Tal Capital, Atooro, Amit Gilon, Rafi Gidron, and additional private investors.
Funding Month: January 2022
Lead Investors: Teramips Technologies and Udi Peless
Additional Investors: TAU Ventures, Tel-Aviv University’s Venture Capital fund, Today Ventures, Aristagora VC, Tal Capital, Atooro, Amit Gilon, and Rafi Gidron
Company Website: http://cadydesign.com/
Software Category: PCB design inspection software
About the Company: CADY was founded in 2020 by Shapira, Tal Ben Porath (CTO), and Or Shabtai (Head of Research). CADY utilizes cutting-edge AI technology to perform automatic inspection and verification of electrical schematics. By detecting errors at an early stage, this solution improves and expedites the design process, yields a significant saving of money and resources, reduces the final product’s “Time to Market” and contributes to the quality, reliability, and safety of the final product. CADY has developed an automotive PCB design inspection software that parses the datasheets of chips and electrical components in the electrical schematic and cross-checks them against connections in the design to detect errors at early stages. Early error detection can shorten the design process, reduce spending, and reduce the Time to Market, all while improving the quality and reliability of the products.