🏆 Deal of the Week · KW 13/2024
Robovision raised USD 42 million in a Series A round, announced in March 2024; the post-money valuation was not disclosed. The round was backed by Target Global, Red River West, and Astanor Ventures.
Robovision — key deal facts
| Company | Robovision |
| Founded | 2009 |
| Headquarters | Ghent, Belgium |
| Amount raised | USD 42M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Target Global Red River West Astanor Ventures |
| Sectors | Agtech |
Who invested in Robovision?
The syndicate combines Target Global, a global multi-stage venture firm, Red River West, a transatlantic tech investor, and Astanor Ventures, a specialist in agri-food technology. The presence of Astanor Ventures is particularly notable given that agtech accounts for approximately half of Robovision's commercial activity. The mix of generalist and sector-focused capital reflects the platform's dual positioning as both an industrial automation tool and an agri-food AI solution.
What does Robovision do?
Robovision, founded in 2009 and headquartered in Ghent, Belgium, develops an enterprise-grade computer vision AI platform for industrial automation. Its flagship product is a no-code AI platform that enables companies to build and deploy image-based deep-learning models without data science expertise. Core use cases include automated quality control, robotic plant pruning, and fruit sorting, with the platform deployed across more than 1,000 machines globally. The company serves sectors spanning agriculture, food processing, and recycling, with agtech representing roughly 50% of its business.
Robovision valuation & multiples
No verified multiples analysis is available for this transaction, as the post-money valuation was not disclosed. Once a valuation benchmark is established, this deal would typically be assessed against EV/Sales and EV/EBITDA ranges for comparable enterprise AI and agtech software businesses. Visit the Venionaire DealMatrix agtech and enterprise software sector multiples pages for current benchmark ranges.
Explore the benchmarks: Series A.
Frequently asked questions
How much did Robovision raise in its Series A?
Robovision raised USD 42 million in its Series A round, announced in March 2024.
What is Robovision's valuation?
Robovision's post-money valuation was not disclosed in connection with this Series A round.
Who invested in Robovision?
The Series A was backed by Target Global, Red River West, and Astanor Ventures.
When was Robovision founded and where is it based?
Robovision was founded in 2009 and is headquartered in Ghent, Belgium.
Source: original announcement — read the full report.