TQ Ventures
Assembly Line
Rl Core Technologies Announces Successful Close of $5 Million Seed Round Funding Led by TQ Ventures
RL Core Technologies, (RLCore) has closed a USD $5 million Series Seed funding round led by TQ Ventures, a leading New York-based venture capital fund, with participation from Flying Fish Ventures. RL Core Technologies provides deep learning software which boosts the efficiency and reliability of industrial control systems.
RLCore has proven that its software solutions can lower two of the largest drivers of cost in water treatment- energy and chemical consumption - resulting in increased efficiency, reduced operational expenses, and consistent regulatory compliance. For its customers, RLCore has conducted automatic PID tuning improving flow rate 50% over default, achieved fully automatic chlorine injection allowing for precise dosing and attained a 20% improvement in backwash.
RLCore employs reinforcement learning to improve the efficacy and performance of industrial control systems. Reinforcement learning is a branch of artificial intelligence where software learns to make decisions to achieve improved performance while interacting with its environment as opposed to imitating humans. It was inspired by animal learning and psychology and mimics trial-and-error learning processes used by humans to achieve goals.