VisionAI, an artificial intelligence and computer vision solutions provider, has announced an investment from Kalon Venture Partners.
This funding will fuel VisionAI’s growth as it continues to transform not only the manufacturing and supply chain sectors but also a wide array of industries through its innovative AI-driven technology.
VisionAI has been making waves by helping manufacturing and supply chain operations leverage their existing CCTV camera feeds with visual AI to track business critical metrics that lead to increased productivity, cost savings and reduced operational risk.
The partnership with Kalon Venture Partners will further empower VisionAI to redefine the use of AI in these sectors.
Trevor Ahier, Chairperson and Co-Founder of visionAI, commented on the partnership: “We’re delighted to welcome Kalon Venture Partners on board. Their investment highlights the substantial impact our visual AI technology is already making across South Africa, the UK, and Australia, while signalling the immense growth potential ahead. Together, we look forward to advancing AI innovation to further enhance operational efficiency.”
Peter Reid, CEO and Co-Founder of visionAI, added, “This partnership with Kalon Venture Partners is a major milestone for visionAI. Their support will help us scale our offerings and redefine the potential of AI across the manufacturing and supply chain sectors. We aim to make visual intelligence an essential driver of operational excellence and industry-wide transformation.”
Kalon Venture Partners is known for investing in innovative, high-growth companies, and visionAI aligns perfectly with their strategy.
Leron Varsha, Acting CEO of Kalon Venture Partners, highlighted the disruptive potential of visionAI, stating, “visionAI is set to transform the visual intelligence landscape. The combination of their exceptional team and innovative technology positions them as leaders in the AI space. We are thrilled to support their growth journey.”
With this latest investment, visionAI is poised to enhance its product development and extend its reach, enabling businesses to leverage AI for smarter, data-driven decisions.
Since artificial intelligence (AI) became mainstream over the past two years, many of the risks it poses have been widely documented. As well as fuelling deep fake porn, threatening personal privacy and accelerating the climate crisis, some people believe the emerging technology could even lead to human extinction.
But some risks of AI are still poorly understood. These include the very particular risks to Indigenous knowledges and communities.
There’s a simple reason for this: the AI industry and governments have largely ignored Indigenous people in the development and regulation of AI technologies. Put differently, the world of AI is too white.
AI developers and governments need to urgently fix this if they are serious about ensuring everybody shares the benefits of AI. As Aboriginal and Torres Strait Islander people like to say, “nothing about us, without us”.
