Recently, Cybord announced the successful completion of an $8.7 million Series A funding round, led primarily by Capri Ventures, with participation from Ocean Azul Partners and existing investors IL Ventures and NextLeap Ventures.
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Cybord is dedicated to ensuring the quality, authenticity, and traceability of electronic components using visual AI technology. Their solutions are implemented in 60 production lines worldwide, inspecting millions of electronic components daily, serving industries such as automotive and data centers.
In today's landscape, the quality issues of electronic components are becoming increasingly severe, with defect and recall incidents reaching a seven-year high in 2023. Cybord addresses this industry pain point by providing a solution leveraging deep learning and AI algorithms. By analyzing each electronic component in real-time, Cybord can prevent defects, damage, and counterfeit components from being assembled onto circuit boards with 99.9% accuracy. This technology significantly enhances the quality and production efficiency of electronic products, reduces costs, and minimizes the risk of recalls due to quality issues.
With over 4 billion components in their database, Cybord's machine learning models are at the forefront of the electronics manufacturing industry. Oshri Cohen, CEO of Cybord, stated, "We are honored to receive support from our partners and investors. The quality of electronic components is increasingly important, and this funding will help us scale faster, bringing our AI solutions to more companies and ensuring their electronic products meet the highest standards."
Investor Adalio Sanchez of Capri Ventures expressed high recognition for Cybord, viewing them as the only solution for ensuring electronic component quality, and pledged continued support for Cybord's future development. Additionally, Elad Frenkel, Managing Partner at ILVP, highlighted Cybord's disruptive innovation in addressing quality, safety, and traceability of electronic components, looking forward to their subsequent progress.
In the pursuit of high quality and efficiency in manufacturing, Cybord's solutions provide a competitive edge and ensure component quality and traceability, thereby reducing costly recall expenses.
Key Points:
✨ Cybord secures $8.7 million in Series A funding to expand global market presence.
🚀 Utilizing AI technology, Cybord achieves 99.9% accuracy in detecting electronic component quality.
🔍 Over 4 billion component database enhances product reliability in the electronics manufacturing industry.
