Cambridge-based RoboK, a startup applying AI-powered computer vision to logistics and industrial workplaces, announced that it has secured $2.1M in a fresh round of funding for accelerating commercial expansion.
The company has now raised $4M in funding to date.
The computer vision startup transforms passive video into actionable insight to improve safety and productivity at large-scale infrastructure projects.
The investment was led by Cambridge Enterprise.
The round also saw participation from new and existing investors such as the Bristol Port Company, U-blox AG, Amadeus Capital Partners, Martlet Capital, the University of Cambridge Enterprise Fund managed by Parkwalk Advisors, Deeptech Labs, and a number of angels.
Co-founded by Hao Zheng in 2017, RoboK is a computer vision company with the goal of using AI to make all industrial workplaces safe and effective.
The company claims to provide safe, always-on, and proactive insights based on extensive operating knowledge in the industry by using its computer vision algorithms, which are both cost-effective and privacy-preserving.
Several of the major critical infrastructure operators now cooperate with RoboK to transform their on-site visual data into highly valuable actionable insights.
RoboK’s technology has applications in ports and other large-scale infrastructures where safety dangers, inefficiencies, and delays can have economic and environmental consequences.
RoboK claims it will use the money to connect to more sites, including ports and other industrial infrastructure, and provide even more valuable insights.
This will enable operators of large sites to better monitor potential safety issues as well as improve productivity and throughput.
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