Cerrion Raises $5M Funding To Manage Manufacturing Challenges With AI-Powered Platform
Cerrion, a developer of video AI for industrial automation, has announced the completion of a $5 million funding round. The investment will fuel Cerrion’s mission to transform the $12 trillion global manufacturing industry, using AI technology to tackle the current 20% production loss caused by labor shortages and late detection of issues. The investment will allow Cerrion to expand into additional use cases, while also growing their commercial and customer success teams to better serve their global customer base.
The manufacturing industry, critical to the global economy, faces an estimated $1 trillion in annual losses due to production shortcomings. Manufacturers across Europe and the United States are also experiencing unprecedented workforce challenges, with over one million unfilled jobs and a rapidly aging skilled workforce, contributing to an average annual production loss of 20%.
Cerrion’s AI-driven approach not only addresses these inefficiencies but also supports the broader trend of reshoring and revitalizing Western manufacturing capabilities which has accelerated since the pandemic.
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.”
By automating tasks traditionally handled by skilled operators, Cerrion’s AI video-led technology helps manufacturers maintain productivity despite workforce shortages. It leverages standard CCTV cameras to learn and monitor production processes, automatically detecting and acting on deviations in real-time. This automation reduces the need for continuous human oversight and ensures that subtle issues are promptly addressed, preventing minor problems from escalating into major disruptions. Cerrion’s early detection and response capability enables manufacturers to maintain efficiency, reduce disruptions, and minimize downtime. It also reduces the need for human interaction with a malfunctioning process, lowering the risk of injury.
Cerrion’s platform is currently deployed across factories in eight countries including the USA, Germany, Italy and Turkey where it has already reduced production losses by over 30% on average. The company has already attracted some of the world’s largest glass manufacturing companies, including Stoelzle Glass Group, Sisecam, and Vidrala. These manufacturers produce goods for major brands like Pepsi, Coca-Cola, Pfizer, and Novartis, showcasing the broad applicability and value of Cerrion’s technology in critical production environments.
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.
For more information: www.cerrion.com
