Cybord
Assembly Line
Cybord Raises $8.7 Million Series A to Expand First-of-its-Kind Visual AI Electronic Component Quality and Traceability Solution, Pioneering the Next Generation of Electronics Manufacturing
Cybord, the visual AI solution ensuring electronic component quality, authenticity, and traceability, announced that it has secured $8.7 million in Series A funding led by Capri Ventures, with participation from Ocean Azul Partners and existing investors IL Ventures and NextLeap Ventures, among other new and current investors. Partnered with leading manufacturers including Flex and Siemens, Cybord is integrated into over 60 manufacturing lines worldwide, inspecting millions of electronic components daily. This newest funding will be used to accelerate the company’s growth and further global distribution of its transformative solution.
Using deep learning and AI algorithms, Cybord analyzes and inspects 100% of electronic components on PCBA powering everything from electric vehicles to data centers. The Cybord solution addresses the industry’s critical need to confront electronic component quality to prevent damaging product condition, consumer trust, and manufacturers’ bottom lines. Until now, electronic component quality and security have largely been overlooked, leading to increased occurrences of defects and costly recalls, which hit a seven-year high in 2023. This unreliable state of electronic component quality results in time-consuming and costly reworking and scrapping of electronic boards and products, the allocation of valuable capital in anticipation of warranty claims, and costly recalls worth millions to billions of dollars in lost profits.