AI industrial inspection and automation solutions provider Eigen Innovations closed a $2.6 million equity financing round. The company said the capital will accelerate its growth in promoting its AI-enabled thermal inspection solutions that address the demands and challenges of automating in-line inspections where other solutions fall short. For temperature-sensitive applications within manufacturing, thermal cameras provide visibility beneath the surface of the product being produced. Eigen’s AI software aims to enhance this value, to generate a standard view/perspective of every inspected product. Using standardized images — which Eigen calls a ‘digital record’ — factory teams are enabled to train scalable AI inspection models to deliver a consistent inspection of every product produced. As part of the financing, Ken Forster, founding partner of Momenta Venture, which lent support to the round, was added to Eigen’s board. He joins Jeff White, CEO of New Brunswick Innovation Foundation, who was also added to the company’s board earlier this year.
