Friday, December 17, 2021

Elementary Picks Up $30M For Manufacturing AI

Los Angeles-based Elementary, which is developing artificial intelligence, machine vision software for the manufacturing industry, said Thursday that it raised $30M in its Series B funding. The funding was led by Tiger Global, and also included Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures. Elementary is focusing its machine learning and artificial intelligence efforts on automating inspections in manufacturing. The company says its software is capable of inspecting parts and assemblies that were previously impossible to inspect, in a highly repeatable and scalable way. Arye Barnehama is the Founder and CEO of Elementary. More information »

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