Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch group, invests additional funds in Allegro.AI, an Israel start-up based in Ramat-Gan. Allegro.AI offers the first end-to-end artificial intelligence (AI) lifecycle management solution, with a focus on deep learning applied to computer vision. The recent investment round brings the total investment in the company to USD11m from RBVC, Mizmaa Ventures, Samsung Catalyst Fund, Dynamic Loop Capital and JumpGate Ventures. “One key challenge in deep learning based solutions available in the market today, is that “learning” stops when products – for example security cameras or autonomous vehicles – are deployed to the field, “ says Dr. Ingo Ramesohl, Managing Director of RBVC. “Providing deep learning solutions for computer vision that function in real-world scenarios is an industry wide challenge, and of strategic importance to Bosch.”
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Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.
Additional information is available at www.rbvc.com
About Allegro.AI
Allegro.AI is a deep learning computer vision platform, which provides a complete product lifecycle management solution for AI development & production, starting with computer vision. Founded by seasoned veterans leading a team with extensive expertise in computer vision, deep learning, embedded and high performance computing, Allegro’s investors include Robert Bosch Venture Capital GmbH, MizMaa Ventures, Samsung Catalyst Fund and Dynamic Loop Capital. For more information, visit www.allegro.ai.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.
