Profet AI helps manufacturers build prediction models and industrial AI software

Profet AI helps manufacturers build prediction models and industrial AI software

Profet AITaiwanese startup e-learning software company e-machine learning announced today that it has raised $5.6 Million in Series A funding. Darwin Ventures led the round. Harbinger VC, Jensen Capital Management, and Hive Ventures were also present as returning investors.

Profet AI was founded in 2018 and has customers such as Foxconn, Advantech, and ASE Group. It claims it has doubled its revenue by 2022. The funding will be used to expand Profet AI in Japan, Southeast Asia, and China. There are plans to sign joint ventures overseas partners.

Profet AI software allows users to build prediction models and industrial AI applications for production and digitalization.

The company’s most popular products are the Ready To Go Applications and AutoML Virtual Data Scientist Platform. These products are designed for clients in the semiconductor and textile manufacturing industries.

The AutoML Virtual Data Scientist Platform allows users to design enterprise AI applications. Ready To Go Applications are specific AI apps that can be used in both public cloud and on-premise environments.

Kay Lin, a partner at Darwin Venture Management, stated that Profet AI’s AutoML Virtual Data Scientist Platform is based on “empowering, which rapidly enables digital transformation and intelligent evolutionary in the manufacturing sector.” Darwin is optimistic about Profet AI and will use our strong background in the semiconductor-electronics industry to assist Profet AI with its market development.

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