Cerrion closed $5M funding round

Cerrion, a developer of video AI for industrial automation, secured $5 million in a funding round. The round was led by Y Combinator and Justin Kan's Goat Capital, with participation from session.vc, Soma Capital, 10x Founders, Rebel Fund, and renowned angel investors.

Cerrion's AI-powered video platform utilizes standard CCTV cameras to learn and monitor production processes, automatically detecting and acting on deviations in real-time. This technology aims to reduce costly disruptions, enhance overall efficiency, tackle critical safety risks, and help manufacturers maintain productivity despite workforce shortages. The company plans to use the new funding to expand its reach across Europe and the United States, enhance its platform's capabilities, and increase its impact on the manufacturing industry.