ARTIFICIAL INTELLIGENCE FOR ALL FOUNDRIES: NORICAN STRENGTHENS DATAPROPHET PARTNERSHIP WITH STRATEGIC INVESTMENT
06 September 2020
Norican’s participation in DataProphet’s $6 million Series A financing round follows its industry-exclusive partnership with DataProphet, announced in January 2020, and Norican’s May 2020 launch of its commercial AI application Monitizer® | PRESCRIBE which incorporates DataProphet’s AI engine.
AWARD WINNING AI FOR MANUFACTURING COMPANY DATAPROPHET RAISES $6M FUNDING ROUND FOR INTERNATIONAL EXPANSION
26 August 2020
Founded in Cape Town in 2014, DataProphet is a leader in artificial intelligence (AI) that enables manufacturers to step towards autonomous manufacturing. Their AI-as-a-service, DataProphet PRESCRIBE, proactively prescribes changes to plant control plans to continuously optimize production without the expert human analysis that is typically required.
Norican Global A/S has taken a minority share in DataProphet, a developer of Artificial Intelligence (AI) technology for manufacturing processes, including metalcasting. Without revealing the value of its investment, Norican and DataProphet reported the former is a participant in a recent financing round in which DataProphet raised $6 million, and that Norican CEO Anders Wilhjelm will take a directorship with the South Africa-based developer.
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