Interspectral secures investment to advance AI-driven quality assurance in metal Additive Manufacturing
August 29, 2024
Interspectral, a SaaS provider specialising in AI-driven quality assurance and process monitoring, based in Norrköping, Sweden, has announced a successful investment round led by Navigare Ventures, a prominent Swedish investor in industrial innovation and deep tech, and a wholly owned subsidiary of Wallenberg Investments. The round also included strong support from existing shareholders, including Skagerack Ventures.
This strategic investment is expected to accelerate the growth and development of Interspectral’s digital twin solutions, which aim to transform the landscape of smart manufacturing in Industry 4.0, with a special focus on enhancing metal Additive Manufacturing.
“We are delighted to partner with Interspectral as they continue to lead the way in AI-driven quality assurance and process monitoring for Additive Manufacturing,” stated Salla Franzén, Investment Manager at Navigare Ventures. Franzén, who will also join Interspectral’s board of directors, brings deep expertise in Artificial Intelligence to the team. “Interspectral’s proficiency in developing advanced visualization tools, AI-based algorithms for automatic error detection and efficient big data management is unparalleled. Together, we can accelerate the adoption of digital twins and revolutionize manufacturing on a global scale.”
As the manufacturing industry continues its digital transformation, digital twins are becoming essential tools for optimising production processes. Interspectral utilises advanced visualisation and AI to efficiently review and automatically detect errors in manufactured parts. These innovations are said to be crucial in enabling manufacturers to achieve higher levels of precision, quality, and efficiency in their Additive Manufacturing operations.
The investment will enable Interspectral to scale its operations, expand R&D, and bring its AI-based technologies to the global market. It will also boost the adoption of digital twin solutions, driving Industry 4.0 growth and advancing AM capabilities.
“This investment is a major endorsement of our vision and technology. It will allow us to make significant strides in enhancing the accuracy, efficiency, and scalability of digital manufacturing,” added Interspectral’s CEO, Isabelle Hachette. “The infusion of capital will allow us to push the boundaries of what’s possible with AI and digital twin technology, with the enormous potential for our solutions to redefine manufacturing excellence in metal AM.”
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