Acerta Analytics Solutions, a Kitchener, Canada-based supplier of analytics options that leverage machine studying and synthetic intelligence (ML/AI) to show product knowledge into actionable insights, raised $8M in funding.
The spherical was led by BDC Capital’s Industrial Innovation and Thrive Enterprise Funds with participation from OMERS Ventures and StandUp Ventures.
The corporate intends to make use of the funds to increase its buyer base in North America and Europe, whereas strengthening ties with main OEMs and automotive suppliers.
Led by CEO Greta Cutulenco, Acerta assists precision producers to take their digital transformation past manually crunching sensor knowledge. To this finish, its ML/AI-powered software program providers allow firms to make the precise selections quick, optimize manufacturing, and enhance product high quality. The corporate helps automakers like Nissan and suppliers of advanced automobile components akin to Dana enhance high quality of their manufacturing processes and assist early defect detection, making them extra environment friendly, serving to them scale back scrap and rework and keep away from delivery faulty components that result in recollects and model injury.
Acerta at present operates in Canada, the US, Europe and Japan.