Vanti Analytics, an Israeli startup that provides Artificial Intelligence (AI) based solutions to help manufacturers improve the quality and efficiency of their operations, has raised $16 million in Series A funding led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors True Ventures and MoreVC. This latest round brings Vanti’s total funding to $22 million to date.
Founded by Smadar David and Nir Osiroff in 2019, Vanti Analytics says that it is the only scalable AI product for Manufacturers. Using Vanti’s SaaS solution, boasts the company, manufacturers are able to identify, explain and prevent defects early in their production processes. The platform does not require any data science knowledge and models can be trained and validated within just a day, unlocking the AI scaling challenge for its customers.
The company also says that its manufacturing AI platform provides a “first of its kind, end-to-end offering overseeing the entire AI lifecycle – from raw data to development and maintenance of models.” Leveraging patent-pending adaptive AI technology, Vanti Analytics says that its no-code solution allows manufacturing teams to build and deploy predictive models within a day. Vanti will use the new funding to fuel growth, expand globally and invest in the company’s next generation of AI technology.
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“Coming from manufacturing organizations ourselves, we’ve experienced firsthand the challenges of implementing and scaling AI in these environments. We’re excited to enable these capabilities for our customers and see how they go from raw data to real-time deployed models that help them meet their quality, efficiency and sustainability goals,” said Smadar David, CEO & co-founder of Vanti Analytics. This investment from Insight Partners is a vote of confidence in our work to drive the entire industrial ecosystem to the next level of AI adoption. We’re thrilled to be leveraging the support and experience of Insight Partners, as well as our other outstanding investors, on this journey.”