Belgian AI startup Robovision has raised a $42 million Series A round led by Target Global to expand its computer vision platform and operations in the US. At $42M, it’s one of the largest Series A rounds ever recorded in Belgium’s startup ecosystem according to Dealroom data.
Robovision provides an AI-powered computer vision platform that gives machines human-like vision capabilities. Its no-code solution is used by over 1,000 robots worldwide to automate processes like sorting tulip bulbs and identifying produce at checkout.
The $42M Series A round, which also included Astanor Ventures and Red River West, will be used to accelerate Robovision’s US expansion as it addresses growing labor shortages. It plans to open new offices globally.
Headquartered in Ghent, Belgium, Robovision employs 130 people today. The new funding will also support continued R&D, growth in existing markets, and plans to hire 70 additional employees by year’s end.
This large Series A round is a vote of confidence in Robovision’s computer vision technology as it scales its solution across industries and around the world.