DarwinAI, a company that transforms quality inspection through AI, announced a $6M seed funding round led by BDC Capital’s Deep Tech Venture Fund along with new and existing investors.
Located in Ontario, Canada, DarwinAI is using AI to transform the $75B global PCB industry. The company focuses on changing the electronics manufacturing industry by empowering Printed Circuit Board Assembly (PCBA) production efficiency through AI. PCBs are embedded in everything from microwaves to cameras and are difficult to inspect due to their different board sizes and complicated geometrics. Also, there’s a requirement for qualified workers to inspect PCBs, which takes a lot of work. Therefore, DarwinAI leverages AI technology to solve such issues.
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Thomas Park, the Lead Partner of Deep Tech Venture Fund at BDC Capital, mentioned that he is thrilled to lead the seed funding round. He is also proud of the tremendous Canadian company (DarwinAI) led by a top-tier AI technical and research team that has commercialized its technology in a formidable manner.
Visual inspection powered by AI and the growing need for manufacturers to digitalize their production processes are the two key drivers of the DarwinAI company. Digitalization is a part of DarwinAI’s plan and its VQI product. The seed funding will allow the company to make the system more capable of mass-market deployment and enhance hardware production, as DarwinAI aims to serve more customers in 2023.