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CALIFORNIA, 5 October 2023: UnitX, a pioneering robotics company in the field of manufacturing quality and yield management, is thrilled to announce a significant USD 5m investment from SE Ventures, a prominent Silicon Valley-based venture fund with strong backing from Schneider Electric, a global leader in energy and automation.
Revolutionizing Manufacturing Quality with AI
UnitX is at the forefront of manufacturing quality enhancement, leveraging state-of-the-art AI vision systems. Their software-defined vision system, known as “OptiX,” combined with their edge AI compute platform, “CorteX,” empowers manufacturers with unparalleled inspection and defect detection capabilities. This technology is designed to detect visual defects that often go unnoticed by human inspectors or traditional machine vision systems. Collaborating with the company can result in substantial reductions in waste, improved yield, and the maintenance of the highest quality standards.
Varun Jain, General Partner at SE Ventures, expressed their confidence in UnitX, stating, “We have evaluated numerous startups in this sector over the past two years, and it’s evident that UnitX has developed the right product and go-to-market strategy to deliver significant ROI to large enterprise customers. Additionally, their focus on expanding into underserved markets like electric vehicle and lithium-ion battery manufacturing positions them well for future capacity expansion.”
Keven Wang, CEO & Co-Founder of UnitX, highlighted their company’s rapid growth and strong presence in critical industries. “UnitX is one of the fastest-growing players in our category, with our systems already deployed on the production lines of leading manufacturers in the lithium-ion battery and automotive sectors. The deep industry expertise of the SE Ventures team, combined with the synergies offered by Schneider Electric’s top-tier automation and software solutions, will enable UnitX to bring value to manufacturers on a larger scale.”
Expanding Horizons with SE Ventures
SE Ventures’ investment is set to propel UnitX’s geographic expansion, furthering its mission to revolutionize manufacturing operations by enhancing quality, traceability, and profitability.
Conclusion
UnitX’s collaboration with SE Ventures, supported by Schneider Electric, marks a significant milestone in the journey to elevate manufacturing quality with cutting-edge AI-powered defect detection technology. As former expands its footprint and partners with major manufacturers, the future holds exciting possibilities for streamlining manufacturing processes, reducing defects, and enhancing product quality across various industries.
