More news about Nnaisense

AI startup NNAISENSE attracts German technology group as investor

21.12.2018 13:34
artificial intelligence

Ticino-based NNAISENSE has received new capital. Lead investor is SCHOTT AG. The Mainz, Germany based company has an annual revenue of more than 2 billion euros.

Founded in 2014 and based in Switzerland and the USA, NNAISENSE is one of the leading research teams worldwide in the field of artificial intelligence (AI). The team around chief scientist Jürgen Schmidhuber leverages a 25-year proven track record in AI to build large-scale neural network solutions for superhuman perception and intelligent automation. NNAISENSE’s solutions can be used for intelligent automation processes to leverage ever more advanced levels of efficiency and control during the complex glass production process.

Now the startup has managed to attract SCHOTT as lead investor in a Series B financing round. The international technology group’s focus is on the areas of specialty glass and glass-ceramics. «This is an exciting investment and partner opportunity for SCHOTT as part of our digitization program. NNAISENSE is at the forefront of international AI research. We are confident that they will be a global leader in applying advanced AI solutions to complex industrial processes», commented Jens Schulte, CFO and Member of the Board of Management of SCHOTT.

«We are pleased to have SCHOTT invest in our firm. As part of its participation, SCHOTT will receive a seat on NNAISENSE’s Board of Directors and I am confident that its business expertise and insight will benefit us going forward», says Faustino Gomez, CEO of NNAISENSE.

(Press Release)
(Picture: Pixabay)

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