Landing AI Secures Funding to Unlock Power of Small Datasets, Unleashing Next Era of AI

Landing AI, which provides tools that make building and deploying AI systems in manufacturing faster and easier than ever, announced Series A funding of $57 million led by McRock Capital, the first investment firm focused exclusively on the Industrial IoT. In addition, New York-based global private equity and venture capital firm Insight Partners, Taiwania Capital, Canada Pension Plan Investment Board (CPP Investments), Intel Capital, Samsung Catalyst Fund, Far Eastern Group's DRIVE Catalyst, Walsin Lihwa, and AI Fund all participated in the round. Landing AI, led by artificial intelligence visionary, Andrew Ng, developed LandingLens, a fast, easy to use enterprise MLOps platform. It applies AI and deep learning to help manufacturers solve visual inspection problems, find product defects more reliably, and generate business value. Landing AI sees the next era of AI as one in which all companies access the benefits of AI--not just consumer internet companies like Google and Facebook--but legacy industries such as manufacturing, healthcare, and agriculture.