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SCHOTT Invests in AI Start-up NNAISENSE - SCHOTT AG, an international technology group in the areas of specialty glass and glass-ceramics has taken a lead role in the Series B financing round of Swiss startup NNAISENSE - NNAISENSE.com
SCHOTT Invests in AI Start-up NNAISENSE

 

NewswireTODAY - /newswire/ - Elmsford, NY, United States, 2018/11/21 - SCHOTT AG, an international technology group in the areas of specialty glass and glass-ceramics has taken a lead role in the Series B financing round of Swiss startup NNAISENSE - NNAISENSE.com.

   
 
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Founded in 2014 and based in Switzerland and the USA, the company is one of the leading research teams worldwide in the field of artificial intelligence (AI). The team around chief scientist Prof. Dr. Jürgen Schmidhuber leverages a 25-year proven track record in AI to build large-scale neural network solutions for superhuman perception and intelligent automation. The developed solutions can be used for intelligent automation processes to leverage ever more advanced levels of efficiency and control during the complex glass production process.

Dr. Faustino Gomez, Chief Executive Officer of NNAISENSE, stated,“SCHOTT has a long history of technological innovation. We are pleased to have it invest in our firm. As part of its participation, SCHOTT will receive a seat on NNAISENSE’s Board of Directors and I am confident that its business expertise and insight will benefit NNAISENSE going forward.”

Prof. Dr. Schmidhuber stated: “NNAISENSE is seeking to apply state-of-the-art machine learning knowledge to complex industrial production processes with the ultimate goal of creating general-purpose artificial intelligences. Specialty glass is a particularly interesting application field, and we are excited to work with SCHOTT on pushing the boundaries further.”

Dr. Jens Schulte, CFO and Member of the Board of Management of SCHOTT, commented: "This is an exciting investment and partner opportunity for SCHOTT as part of our digitization program. NNAISENSE is at the forefront of international AI research. We are confident that they will be a global leader in applying advanced AI solutions to complex industrial processes. This partnership will help us lift productivity in production processes further. I am looking forward working with Dr. Faustino Gomez and Prof. Dr. Schmidhuber.”

As a part of a wider strategy towards strengthening SCHOTT’s global position and growing its business through focused, strategic acquisitions, the company has also recently entered into acquisition agreements with Primoceler Oy, a Finnish pioneer in glass micro bonding, and invested in Smart Skin Technologies, a Canadian company, specializing in the development of Industry 4.0 Big Data solutions.

Further information about NNAISENSE can be found at nnaisense.com/.

SCHOTT is a leading international technology group in the areas of specialty glass and glass-ceramics. The company has more than 130 years of outstanding development, materials and technology expertise and offers a broad portfolio of high-quality products and intelligent solutions. SCHOTT is an innovative enabler for many industries, including the home appliance, pharma, electronics, optics, life sciences, automotive and aviation industries. SCHOTT strives to play an important part of everyone’s life and is committed to innovation and sustainable success. With more than 15,500 employees at production sites and sales offices in 33 countries, the group has a global presence. In the 2016/2017 fiscal year, SCHOTT generated sales of $2.26 billion.

 
 
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Agency / Source: SCHOTT North America

 
 

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SCHOTT Invests in AI Start-up NNAISENSE

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NNAISENSE | SCHOTT North America
Contact: Rina DellaVecchia - SCHOTT North America, Inc. 
914-831-2286 public.relations[.]us.schott.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SCHOTT North America securities in any jurisdiction including any other companies listed or named in this release.

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