Cerrion funding news – Zurich-based Cerrion Secures $5 Million in Funding

Production flaws cost the manufacturing sector an estimated $1 trillion in losses every year. A rapidly aging skilled population and over a million empty jobs present manufacturers in both Europe and the US with unprecedented manpower issues, resulting in an average annual output loss of twenty percent.

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Despite a labor crisis, Cerrion's AI video-led technology helps manufacturers retain efficiency by automating operations that were previously performed by human operators. It uses common CCTV cameras to watch and learn from industrial processes, identifying and responding to deviations instantly.

This technology guarantees that minor faults are swiftly resolved and lessens the need for ongoing human oversight, thereby preventing minor disruptions from becoming significant ones.

Manufacturers can minimize downtime, minimize disturbances, and retain efficiency thanks to Cerrion's early detection and reaction capacity. It also lessens the chance of injury by eliminating the necessity for human engagement with a broken process.

Karim Saleh, CEO of Cerrion, said: “At Cerrion, we set out with a bold vision: to create production lines where problems are detected and resolved in real-time before they ever disrupt operations. This vision led us to develop our AI-powered video platform, which not only reduces costly disruptions and enhances overall efficiency but also tackles critical safety risks. By automating production line monitoring, we're helping manufacturers meet the challenges of an aging workforce and increasing operational complexity, ensuring they remain competitive in a rapidly evolving industry landscape.”

Cerrion's technology is presently being used in factories in eight nations, including the USA, Germany, Italy, and Turkey. On average, it has already decreased production losses by more than 30%.

Some of the biggest glass manufacturing businesses in the world, including as Vidrala, Sisecam, and Stoelzle Glass Group, have already expressed interest in working with the company. These producers provide products for well-known companies like Novartis, Pfizer, Coca-Cola, and Pepsi.

Jeremias Meier, Partner at session.vc adds: “Cerrion has enormous potential to become a global leader in video AI for industrial automation. The talented team is incredibly dedicated, and working with them is an absolute pleasure."

With this new round of funding, Cerrion plans to expand its reach across Europe and the United States, enhancing its platform's capabilities and increasing its impact on the manufacturing industry.

About Cerrion

Computer vision technology is being developed by Cerrion, an AI software business with headquarters in Zurich, to produce production insights and instantly identify process abnormalities. Their system uses artificial intelligence (AI) to learn how a manufacturing process appears during regular business operations and can instantly identify abnormalities. enabling production teams to decide more quickly and effectively.