Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, January 05 2023 - 14:00
Profet AI Closes US$5.6M Series A Round To Fuel Regional Expansion And Product Development
TAIPEI, Jan. 5, 2023 /PRNewswire-AsiaNet/ --

Profet AI (, a Taiwan-based developer of auto 
machine learning solutions, has raised US$5.6 million in a Series A funding 
round led by Darwin Ventures.  Existing investors Hive Ventures, AUO and SVTI 
also participated in the round, joined by Harbinger Venture Capital, and 
Jensen-Capital Management. Profet AI will use this funding to accelerate its 
overseas expansion into Japan, Southeast Asia and China, further develop its 
AutoML Virtual Data Scientist Platform ( ) and Ready To Go Applications 
( and accelerate new 
product development.

Enterprise AI is a significant enabler of corporate digitalization worldwide. 
The market is projected to grow globally at a compound annual growth rate 
(CAGR) of 34.6 percent from 2022 to 2030[1] as more enterprises employ AI and 
machine learning tools[2] to drive predictive algorithms and applications for 
operational optimization. The Asia Pacific currently reports the highest growth 
rate[3] in the enterprise AI market, unveiling market opportunities that Profet 
AI seeks through its eventual overseas expansion.

"Profet AI is designed for rapid model development and deployment to deliver 
instant time to value for enterprises around the world. Our solutions have been 
very well-received in Taiwan, giving us confidence that we can deliver value to 
more enterprises in other markets – beginning with Japan, Southeast Asia, and 
China. We will be looking at establishing joint ventures with strong partners 
in overseas markets to ensure the right product-market fit for each location, 
and we look forward to supporting more companies in leveraging the power of 
machine learning in the coming year," said Jerry Huang, Founder & CEO of Profet 

Founded in 2018, Profet AI provides auto machine learning solutions for 
semiconductor, electronics, chemicals and textile manufacturers to boost their 
operational efficiencies with the power of artificial intelligence (AI). The 
platform has two flagship solutions: Profet AI's AutoML Virtual Data Scientist 
Platform, a no-code development program powered by its AutoML engine that 
enables users to rapidly design and develop enterprise AI applications for 
their everyday processes; and Ready To Go Applications, which is built on 
Profet AI's enterprise AI platform and is a library of tried and tested, 
industry specific "Plug & Play" AI applications ready to be deployed and 
hyper-scaled in any public cloud or on-premises environment.

"In today's digital age, it is crucial that enterprises adopt the best tech 
solutions to optimize their operational growth and avert digital transformation 
challenges. Profet AI has established an impressive track record of 
fast-tracking enterprise AI adoption via their plug-and-play AI applications, 
which helps enterprises optimize their productivity and gain a competitive 
advantage. The company has come a long way since we began supporting them, and 
we look forward to its next stage of growth," said Yan Lee, Founder and 
Managing Partner, Hive Ventures.

"Moving forward, companies in the manufacturing sector must digitalise their 
operations to ensure success and continuity. Profet AI's AutoML Virtual Data 
Scientist Platform enables this digital transformation as it enables companies 
to rapidly develop and deploy Industrial AI applications, resulting in 
maximised efficiency through streamlines operations," said Kay Lin, Partner at 
Darwin Venture. "We have high hopes for Profet AI's contributions to the 
manufacturing industry potential and will leverage our extensive experience in 
the semiconductor and electronics sectors to actively support them in market 
"Profet AI's no-code AutoML platform democratises AI for the manufacturing 
industry by improving accessibility of machine learning capabilities for people 
who may not have the necessary expertise in coding. Furthermore, with talent 
attraction being a huge pain point in the industry, Profet AI's no-code AutoML 
platform is the perfect solution for companies to retain their domain know-how 
and tackle talent shortages. As such, we are excited to join forces with Profet 
AI to accelerate the development of smart factories powered by AI and machine 
learning (ML) - powered technologies," said TC Chou, President of Harbinger 
Venture Capital.

Since its establishment, Profet AI has been trusted by leading brands in 
various manufacturing industries and has accumulated more than 100 customers 
across 12 major industries, successfully assisting world-renowned companies 
such as ASE Inc., Qisda Corporation, Everest Textile, WUS Printed Circuit, 
Symbio Inc., AUO, and Cheng Shin Rubber etc., to achieve AI-empowered core 
manufacturing competitiveness.

Profet AI doubled its revenue in 2022, demonstrating strong growth with a 
capital efficiency ratio of over 1:1. The firm was also recently selected as a 
representative company in the Data Science and Machine Learning (DSML) category 
in the 2022 Gartner(R) Market Guide for Artificial Intelligence Startups in 
Greater China, a leading international IT research and advisory firm. In the 
near future, the firm will be concentrating on product development and overseas 
expansion as it furthers its mission of empowering more enterprises by helping 
them rapidly adopt, deploy, and scale Industrial AI solutions for optimal 
operational efficiency.

About Profet AI
Profet AI is a manufacturing auto machine learning software company that 
provides an end-to-end no-code AutoML platform and on-demand AI application 
knowledge base to enable industry sectors or IT professionals to quickly build 
high-quality predictive models and rapidly deploy AI applications to solve 
daily production and digitization challenges. EMS, Semi-OSAT, PCB, IC design 
houses, display panel and material solution providers.For more information, 




Image Attachments Links:


   Caption: (Left) Profet AI Co-founders Foster Lin (Profet AI CTO), Jerry 
Huang (Profet AI CEO), Max Chen (Profet AI CRO); (Right) Profet AI all staff, 
in 2023, will actively recruit international talents to accelerate the 
expansion of overseas markets.

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