Landing AI, a Palo Alto, Calif-based that provides tools that make building and deploying AI systems in manufacturing faster and easier than ever, announced Series A funding of $57 million led by McRock Capital, the first investment firm focused exclusively on the Industrial IoT.
In addition, New York-based global private equity and venture capital firm Insight Partners, Taiwania Capital, Canada Pension Plan Investment Board (CPP Investments), Intel Capital, Samsung Catalyst Fund, Far Eastern Group's DRIVE Catalyst, Walsin Lihwa, and AI Fund all participated in the round.
The new investment will be used to accelerate product innovation as well as grow engineering and operations teams within Landing AI, including engineering, product, sales, and marketing.
Company: Landing AI
Raised: $57.0M
Round: Series A
Funding Month: November 2021
Lead Investors: McRock Capital
Additional Investors: Insight Partners, Taiwania Capital, Canada Pension Plan Investment Board (CPP Investments), Intel Capital, Samsung Catalyst Fund, Far Eastern Group's DRIVE Catalyst, Walsin Lihwa, and AI Fund
Company Website: https://landing.ai/
Software Category: Enterprise MLOps platform
About the Company: Landing AI™ is pioneering the next era of AI in which companies with even limited data sets can realize the business and operational value of AI and move AI projects from proof-of-concept to full-scale production. Guided by a data-centric AI approach, Landing AI's flagship product is LandingLens™, an enterprise MLOps platform that offers to build, iterate and operationalize AI-powered visual inspection solutions for manufacturers. With data quality being key to the success of production AI systems, LandingLens™ enables users to achieve optimal data accuracy and consistency. Founded by Dr. Andrew Ng, co-founder of Coursera, former chief scientist of Baidu, and founding lead of Google Brain, Landing AI is uniquely positioned to lead the development of AI from a technology that benefits a few to a technology that benefits all.
Source: https://www.prnewswire.com/news-releases/landing-ai-secures-funding-to-unlock-power-of-small-datasets-unleashing-next-era-of-ai-301418192.html