Eight Advisory supported Astanor Ventures and Target Global on their investment in Robovision
Eight Advisory performed financial due diligence on Robovision in the context of their capital raise with Astanor Ventures and Target Global.
Ghent-based Robovision is an AI-powered computer vision platform that provides an end-to-end, code-free solution for machine manufacturers and production lines. The models, which can be used in medical environments where the computer recognises which organs can be seen in a photo or scan, have so far proven to be particularly efficient in agriculture, as the machine is able to fully automate the recognition, planting and picking of crops.
The company’s vision, its innovative approach, the quality of its platform and its outstanding financial performance compared to the industry convinced Astanor Ventures and Target global to invest $42 million (around €39 million) in Robovision, bringing the funding to $65 million.
The funding round will help accelerate Robovision’s expansion in the US and foster a solid local presence to meet the growing demand for automated solutions in American factories. The funds will also be used to invest in R&D, as well as the development and growth in existing markets, with plans to open additional offices in Germany, France, the UK, the Middle East and Asia.
Eight Advisory team members supporting on this transaction:
- Financial Due Diligence: Edouard Decamp, Partner, Yara Abdelnour, Senior and Carl Couvreur, Analyst
