Profet AI, a Taiwanese startup that makes auto machine learning software for manufacturers, announced today it has raised $5.6 million in Series A funding. The round was led by Darwin Ventures. Returning investors Hive Ventures, AUO and SVTI also participated, along with Harbinger VC and Jensen Capital Management.
Founded in 2018, Profet AI’s customers include Foxconn, Advantech and ASE Group, and it says it doubled its revenue in 2022. The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners.
Profet AI’s software lets users build prediction models and industrial AI apps for production and digitalization, even if they only have basic …
