October 27 news, South Korean artificial intelligence quality management solution provider SaigeResearch intelligent technology (SaigeResearch) completed 15.5 billion won (about $11.54 million) B round of financing, led by Junlian Capital. This round of financing aims to improve AI technology and develop domestic and foreign customers in various fields.

Founded in 2017, Saige Research draws on decades of experience in machine learning, image and signal processing, systems management and other fields, focusing on the research and development of AI solutions for industrial inspection and quality control.

SaigeVision is a product appearance inspection solution based on deep learning. It is researched and developed by the Shubo team from Seoul National University. It adopts AttentionTraining and other technologies to independently develop the core engine. It can automate inspection in manufacturing areas that are difficult to use traditional visual inspection, and the accuracy of defect detection is industry-leading. Another industrial video intelligent monitoring system Saige VIMS is the industry’s first product, which can simultaneously monitor and manage more than 200 IP cameras, detect anomalies in real time and report them to users in time, provide abnormal data analysis for improving the process, and save customers from losses caused by anomalies in the production process.

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With its technical capabilities, Cysee Intelligent Technology has won the recognition of advanced manufacturing enterprises such as Samsung SDI, LG Energy Solutions, Foxconn, and continues to expand customers at home and abroad, from new energy to 3C, semiconductor and other fields. The Ministry of Small and Medium Business of Korea recognized the company as one of the “200 BabyUnicorn” for its technological capability and development potential.

The company’s founder and CEO, Professor Park Jong-㝢, graduated from Massachusetts Institute of Technology (MIT) and Harvard University, and served as a doctoral supervisor at Seoul National University. He has nearly 30 years of academic research experience in the fields of mathematics, optimal algorithms, and machine learning. Professor Park Jong 㝢 said that this financing is a manifestation of CEL’s unique AI technology gaining market recognition, and hopes to help more global enterprises build smart factories.

Cyvision Intelligent Technology attaches great importance to the Chinese market, and its Shenzhen Cyvision Intelligent Technology Co., Ltd. set up in Shenzhen is committed to localization of Cyvision technology, providing Chinese customers with landed services and systematic solutions, and has now served BYD, Hengru Pharmaceutical, Foxconn, LG Nanjing factory and other advanced manufacturing enterprises, covering new energy, 3C digital, robotics and other fields.