Inspekto

Company Overview

Snapshot

Founded in April 2017 by Yonatan Hyatt and Harel Boren, Inspekto operates with 11–50 employees. The company raised a total of $17 million across one funding round from 6 investors. In February 2024, Inspekto was acquired by Siemens, leading to its inactivation.

Business overview

Inspekto develops autonomous machine-vision systems for automating visual inspection on production lines. Their AMV-AI technology enables the deployment of out-of-the-box quality assurance systems without requiring vision experts or extensive production data. The company's Plug & Inspect S70 system offers affordable, fast, and independent installation for expert-less visual quality inspection, enhancing per-line profitability and overall plant optimization for manufacturers across various industries.

Strategic signal

The acquisition of Inspekto by Siemens in February 2024 signifies a strategic move by a major industrial player to integrate advanced autonomous machine vision technology into its offerings. This event validates the market demand for AI-powered quality inspection solutions and indicates a consolidation trend in the industrial automation sector, suggesting that Inspekto's technology is seen as a critical component for future factory optimization and efficiency.

Company Intelligence Q&A

What was a significant recent corporate development for Inspekto?

In February 2024, Inspekto was acquired by Siemens, leading to its inactivation and cessation of operations.

When was Inspekto founded and by whom?

Inspekto was founded in April 2017 by Yonatan Hyatt and Harel Boren.

What is Inspekto's primary product?

Inspekto's primary product is the S70 system, which utilizes Plug & Inspect technology for expert-less visual quality inspection on production lines.

Which company chose Inspekto to implement AI on their factory floor?

In December 2020, BMW chose Inspekto to bring AI to its factory floor.

What service did Inspekto launch in March 2023?

In March 2023, Inspekto launched its Automated Inspection Service (AIS), which allows manufacturers to outsource their quality control needs to Inspekto's team of experts and its AMV-AI technology.