The Venture Codex

Participated · Series A · Jan 2023

Profet AI builds AutoML software that lets manufacturers create prediction models and industrial AI applications even with only basic machine learning knowledge. Its flagship products are the AutoML Virtual Data Scientist Platform, a no-code development program for designing enterprise AI applications, and Ready To Go Applications, which are industry-specific AI apps deployable in public cloud or on-premise. The company targets semiconductor, electronics, chemicals and textile manufacturing clients and lists customers including Foxconn, Advantech and ASE Group. Founded in 2018 and based in Taiwan, Profet AI said it doubled its revenue in 2022. The recently announced funding will support expansion in Japan, Southeast Asia and China and plans to sign joint ventures with overseas partners. Profet AI emphasizes quick deployment for production and digitalization use cases through its no-code platform and prebuilt applications.