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Synergies raises $12M to give factory managers an AI analytics assistant – TechCrunch

#artificialintelligence

There's no lack of startups around the world trying to make industrial activities more efficient with artificial intelligence. Some invent robots to assist or replace manual labor, while others use machine learning to help businesses discover insights. Synergies Intelligent Systems falls into the second category. Michael Chang founded Synergies in 2016 in Boston to provide easy-to-use AI-powered analytics tools to medium-sized manufacturers. Having worked at Foxconn in Shenzhen in the late 2000s helping the Apple supplier improve yield rate, or reduce the percentage of defective products, using data analysis, Chang realized that not every factory has the financial prowess to spend tens of thousands of dollars on digitization.