Cybord, a Wilmington, Delaware-based provider of a visual AI-driven solution ensuring electronic component quality, authenticity, and traceability, has raised $8.7 million in Series A funding.
Investors
The round was led by Capri Ventures, with participation from Ocean Azul Partners, IL Ventures, and NextLeap Ventures.
Capri Ventures is an early-stage venture capital firm focused on Enterprise Technology. They invest in and partner with early-stage software companies to help them expand globally. The firm invests globally, focusing on Israel and the United States, where their team has deep relationships.
Cybord Use of Funds
The funds will accelerate global expansion and support growth as Cybord's AI solution helps prevent defects, counterfeits, and costly recalls in industries such as automotive, aerospace, and healthcare.
About Cybord
Founded in 2018 by CTO Eyal Weiss and led by CEO Oshri Cohen, Cybord provides a visual AI component analytics solution for the electronics manufacturing ecosystem. The platform uses advanced visual AI and deep learning to inspect 100% of electronic component in real-time during PCBA assembly. The solution implements proprietary visual AI and big data technology to ensure quality, authenticity, and forensic traceability, supporting OEMs and EMSs globally. Headquartered in Wilmington, Delaware, Cybord technology is integrated into over 60 manufacturing lines worldwide, inspecting millions of components daily.
Funding Details
Company: Cybord Ltd.
Raised: $8.7M
Round: Series A
Funding Date: September 2024
Lead Investors: Capri Ventures
Additional Investors: Ocean Azul Partners, IL Ventures, NextLeap Ventures
Company Website: https://cybord.ai/
Software Category: Visual AI Solutions
Source: Cybord Round A Funding Announcement