Elementary
Assembly Line
Elementary Secures Strategic Investment from Rockwell Automation to Drive Adoption of AI Machine Vision for Manufacturing
Elementary, an innovator in AI-powered machine vision, proudly announces a significant milestone in its mission to redefine manufacturing automation with its AI-powered vision inspection. Rockwell Automation, a global leader in industrial automation and digital transformation, makes a strategic investment, signifying strong support for Elementary’s visionary approach to elevating manufacturing quality standards.
Elementary’s dedication to “closing the loop on quality” has set them apart in the field, leveraging advanced AI algorithms to ensure unprecedented accuracy and consistency in quality assurance processes. This new injection of capital enables Elementary to continue enhancing its product offerings - paving the way for a new era in AI-powered digital transformation within the manufacturing industry.
Elementary Raises $30M Series B Led by Tiger Global for its AI Vision Platform for Manufacturing
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. Unlike manual inspection, Elementary’s platform enables customers to inspect 100% of their produced goods and is capable of inspecting parts and assemblies that were previously impossible to inspect, in a highly repeatable and scalable way.
The $30M Series B investment was led by Tiger Global and joined by existing investors including Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures.