RoboK, the Cambridge start-up applying AI-powered computer vision to logistics and industrial workplaces, has concluded a $2.1m Series A investment round.
RoboK applies AI in CCTV cameras to help logistics companies like large ports, warehouses and sortation hubs prevent safety hazards, inefficiencies, and delays as well as make operations more efficient inside facilities.
The computer vision start-up, a graduate of the DeepTech Labs programme, turns passive videos into actionable intelligence for enhanced safety and efficiency at large-scale infrastructure sites. One customer, Bristol Port Company, reported a reduction of more than 90 per cent in potential safety incidents after just three months of deploying RoboK’s solution.
The use of funding will enable RoboK to connect to more sites, including ports and other industrial infrastructure, and provide even more valuable insights as the solution becomes more embedded within the day-to-day operations of customers, helping operators of very large sites better monitor the potential safety issues as well as improve productivity and throughput. Additionally, RoboK plans to hire additional commercial and product roles to support its growth plans. This infusion of new talent will enable the company to continue to innovate and improve to meet customers’ evolving needs.
“Our technology has the potential to revolutionise the entire infrastructure industry and we are starting with ports. This is especially significant for the UK, as 95 per cent of all UK imports and exports are transported by sea,” said Hao Zheng, co-founder and CEO at RoboK.
“We are committed to making it accessible to as many workplaces with existing industrial CCTV cameras as possible.
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“Supported by strong research expertise, our solution stands out in our ability to provide accurate and robust AI insights at scale and cost-effectively. Our team has built an easily configurable solution that can address the many key challenges of our customers and we are excited to use this funding to continue our journey of making industrial workplaces safer and more efficient.”
Desmond Cheung, senior investment analyst at Cambridge Enterprise, said: “Cambridge Enterprise has been a staunch supporter of RoboK since it spun-out of the university’s Department of Computer Science and Technology in 2017 and is delighted to have led RoboK’s latest funding round alongside existing investors, the Port of Bristol and the port’s major shareholder.
“We look forward to seeing RoboK’s platform scale across the logistics and supply-chain sector, and potentially save many more lives to come.”
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