Panda builds an all-in-one system combining hardware, software and a user interface to cover steps from data acquisition to AI-based analysis and visualization for industrial production. The company uses a self-developed open source software framework to handle heterogeneous and often unlabeled industrial data (images, sensor data, machine information) and to provide evidence of significance for auditability. Its solution detects errors in the production process with AI and aims to reduce downtimes and performance deficits. Panda planned to launch its Drift system in summer 2020 as a packaged hardware-plus-software offering. Led by Co-Founder and CEO Michael Welsch, the company intends to use recent funding for product development and expansion of the team. The article notes the company is based in Hamburg, Germany.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2019