Auto Parts Company Denso Signs Collaboration Agreement With Robotics Startup Kitov
31 October 2019 - calcalistech
Israel-based Kitov develops artificial intelligence-based solutions for visual inspection in industrial manufacturing
Tokyo-listed auto parts supplier Denso Corporation has signed a collaboration agreement with robotics startup Kitov Systems Ltd. (Kitov.ai), the companies announced Tuesday. The deal is valued at several million dollars, a Kitov spokesman told Calcalist.
Founded in 2014, Israel-based Kitov develops artificial intelligence-based solutions for visual inspection in industrial manufacturing. The software uses golden parts—unblemished examples for each component—to visually train robots for inspection tasks. Its technology is used by companies in the electronics, automotive, defense, and aviation industries globally. The company raised $10 million to date and employs 30 people.
Under the agreement with Denso, Kitov's technology will be installed in all of the supplier's relevant systems, more than 100 systems overall, over the next three years.