Elementary Raises $30M Series B Led By Tiger Global For Its Ai Vision Platform For Manufacturing
Dec 16, 2021•over 3 years ago
Amount Raised
$30 Million
Round Type
series b
Description
Elementary, a fast-growing startup that has built an AI machine vision platform for quality and inspection in manufacturing, has closed $30M in Series B funding to support customer demand. Following the new round of capital, the company is now poised to aggressively scale its solution worldwide with existing and new customers. Given the current manufacturing market dynamics, the demand for Elementary's platform has been overwhelming. As the world has shifted to requiring automated solutions to address labor constraints, Elementary's customers have needed automated inspection solutions to keep pace with their quality goals
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech