UnitX, a cutting-edge robotics company specializing in AI vision systems, is thrilled to announce a $5 million investment from SE Ventures, a prominent Silicon Valley-based venture fund with strong ties to global energy and automation leader, Schneider Electric.
UnitX is revolutionizing the manufacturing industry with its groundbreaking technology. Their software-defined vision system, known as “OptiX,” along with their edge AI compute platform, “CorteX,” offers manufacturing customers unparalleled capabilities in inspection and defect detection. These innovations significantly enhance the detection of visual defects that often go unnoticed by human inspectors or legacy machine vision systems, leading to reduced scrap, improved yield, and consistently high-quality standards for customers.
Varun Jain, General Partner at SE Ventures, commented, “After a thorough review of startups in this field over the past two years, it is evident that UnitX has not only developed the right product but also a compelling go-to-market strategy that promises rapid ROI for large enterprise customers. Furthermore, their focus on underserved market segments, such as electric vehicle and lithium-ion battery manufacturing, positions them well for substantial growth in the coming years as these sectors experience significant capacity expansion.”
Keven Wang, CEO & Co-Founder of UnitX, added, “UnitX has rapidly emerged as one of the fastest-growing players in our industry, with our systems already operational on the production lines of leading manufacturers in the lithium battery and automotive sectors. The profound industry expertise of the SE Ventures team, combined with the synergies offered by Schneider Electric’s leading automation and software solutions, will empower UnitX to deliver even greater value to manufacturers on a global scale.”