Exhibitor News
Profet AI Close US$5.6M Series A Round to Fuel Regional Expansion and Produvt Development
Profet AI , a Taiwan-based developer of auto machine learning solutions, has raised US$5.6 million in a Series A funding round led by Darwin Ventures. Existing investors Hive Ventures, AUO and SVTI also participated in the round, joined by Harbinger Venture Capital, and Jensen-Capital Management. Profet AI will use this funding to accelerate its overseas expansion into Japan, Southeast Asia and China, further develop its AutoML Virtual Data Scientist Platform and Ready To Go Applications and accelerate new product development.

Enterprise AI is a significant enabler of corporate digitalization worldwide. The market is projected to grow globally at a compound annual growth rate (CAGR) of 34.6 percent from 2022 to 2030 as more enterprises employ AI and machine learning tools to drive predictive algorithms and applications for operational optimization. The Asia Pacific currently reports the highest growth rate in the enterprise AI market, unveiling market opportunities that Profet AI seeks through its eventual overseas expansion.

“Profet AI is designed for rapid model development and deployment to deliver instant time to value for enterprises around the world. Our solutions have been very well-received in Taiwan, giving us confidence that we can deliver value to more enterprises in other markets – beginning with Japan, Southeast Asia, and China. We will be looking at establishing joint ventures with strong partners in overseas markets to ensure the right product-market fit for each location, and we look forward to supporting more companies in leveraging the power of machine learning in the coming year,”

See more:https://www.profetai.com/post/series_a_funding_round-3?lang=en
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