South Africa, 5 November 2024 – visionAI, a leader in artificial intelligence and computer vision solutions, has announced an investment from Kalon Venture Partners. This funding will fuel visionAI’s growth as it continues to transform not only the manufacturing and supply chain sectors but also a wide array of industries through its innovative AI-driven technology.
visionAI has been making waves by helping manufacturing and supply chain operations leverage their existing CCTV camera feeds with visual AI to track business critical metrics that lead to increased productivity, cost savings and reduced operational risk. The partnership with Kalon Venture Partners will further empower visionAI to redefine the use of AI in these sectors.
visionAI is the brainchild of the leaders at Mint Technology Group, a leading global Microsoft partner recognised within the top 1% of Microsoft’s Global AI systems integrators.
Trevor Ahier, Chairperson and Co-Founder of visionAI, commented on the partnership: “We’re delighted to welcome Kalon Venture Partners on board. Their investment highlights the substantial impact our visual AI technology is already making across South Africa, the UK, and Australia, while signalling the immense growth potential ahead. Together, we look forward to advancing AI innovation to further enhance operational efficiency.”
Peter Reid, CEO and Co-Founder of visionAI, added, “This partnership with Kalon Venture Partners is a major milestone for visionAI. Their support will help us scale our offerings and redefine the potential of AI across the manufacturing and supply chain sectors. We aim to make visual intelligence an essential driver of operational excellence and industry-wide transformation.”
Kalon Venture Partners is known for investing in innovative, high-growth companies, and visionAI aligns perfectly with their strategy. Leron Varsha, Acting CEO of Kalon Venture Partners, highlighted the disruptive potential of visionAI, stating, “visionAI is set to transform the visual intelligence landscape. The combination of their exceptional team and innovative technology positions them as leaders in the AI space. We are thrilled to support their growth journey.”
With this latest investment, visionAI is poised to enhance its product development and extend its reach, enabling businesses to leverage AI for smarter, data-driven decisions.
About visionAI
visionAI is a leading AI platform that uses visual intelligence to optimise operations in industries such as Manufacturing, FMCG, Mining, Logistics and Supply Chain. visionAI’s core solutions include factory production efficiency monitoring and Work Health and Safety incident tracking for supply chain operations. visionAI is a 3-time Microsoft AI Partner of the Year, delivering transformative solutions that improve efficiency, reduce costs and operational risk across multiple sectors.
About Kalon Venture Partners
Kalon Venture Partners is a South African venture capital firm focused on investing in disruptive digital technologies with high growth potential. Their portfolio includes companies at the forefront of innovation, scaling globally and driving change across industries.
