AI startup looks to transform data into AI models and applications, closes series A funding

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The company has raised over $5 million in a funding round. No-code artificial intelligence and machine learning solutions are developed for manufacturers in a range of industries.

Profet's mission is to enable manufacturers to transform their data into artificial intelligence models and applications to identify inefficiencies and improve productivity in factories.

Focus and speed: AI/ML solutions for manufacturers

Profet claims to be able to generate data models in less than a week. This is possible because the solution was designed for manufacturers and not for data scientists who are far away from the factory environment.

Profet is working with large manufacturers in Taiwan to build a solution that fits their needs. Small- to medium-sized manufacturers that don't have the resources for a data science team can use its products. Semiconductor and electronics are some of the industries that are applicable.

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Profet AI: Advancing into new markets

Profet is designed to deliver instant time to value for enterprises around the world. In Taiwan, our solutions have been very well received, giving us confidence that we can deliver value in other markets. We will be looking at establishing joint ventures with strong partners in overseas markets to ensure the right product/market fit for each location, and we will be supporting more companies in utilizing the power of machine learning.

Profet Artificial Intelligence has two solutions. The Virtual Data Scientist Platform is a no-code platform. Ready To Go Applications is a library of tried and tested industry specific artificial intelligence applications.

The products can be used for both public and on- premises deployment. Once a model has been created with the Virtual Data Scientist platform, it can be deployed for inference on edge server or PCs connected to the factory system Profet is able to provide a RestfulAPI for integration with other systems.

Profet's goal is to expand into Japan, China, and Southeast Asia with the $5.6 million round. Over 100 customers have been acquired by it, doubling its revenue in the next four years.

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