Elementary, a Pasadena, CA-based startup that built an AI machine vision platform for quality and inspection in manufacturing, closed a $30 million in Series B funding.
The round was led by Tiger Global, with participation from existing investors Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures.
The company intends to use the funds to scale its solution worldwide with existing and new customers and continue to recruit talent.
Company: Elementary
Raised: $30.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Tiger Global
Additional Investors: Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures
Company Website: https://elementaryml.com/
Software Category: AI machine vision platform
About the Company: Led by Arye Barnehama Founder and CEO, Elementary provides a full-stack solution that captures data and generates insights to improve manufacturing processes using visual AI. Elementary’s easy-to-use software, deep learning AI, and camera systems are built to capture visual data, deliver fast and reliable real-time judgments, and provide lasting value to your business. Its no-code approach allows customers to create inspection routines and train models by labeling data through a user-friendly interface rather than requiring expensive programming and integration. Elementary is headquartered in Pasadena, CA, with offices in Mexico City, Austin, and the East Coast.
Source: https://www.finsmes.com/2021/12/elementary-raises-30m-in-series-b-funding.html