Wizata, founded in 2014 and based in Luxembourg, provides an open architecture platform that enables engineers to optimize and automate production processes with AI in real time. The platform is used by leading companies in the materials sectors to autonomously build and deploy AI directly on production lines while keeping data, models and IP under customers' exclusive control. Wizata's customers report using fewer resources, achieving improved quality and yield, and reducing downtimes and energy costs. Today the company raised €2.7 million in a financing round that the team says will help it scale its Industry 4.0 offering. Leadership frames the raise as enabling Wizata to become an Industry 4.0 champion that digitizes and optimizes manufacturing processes. Investors will bring capital, network access and domain expertise to support the company's growth plans.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020