36氪 first launch | From "smart vision" to "smart factory", "Squared" completes tens of millions of dollars in Series A financing

36氪 first launch | From “smart vision” to “smart factory”, “Squared” completes tens of millions of dollars in Series A financing

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36 Krypton learned that the industrial vision company “Squared Square” recently announced the completion of a tens of millions of dollars in Series A financing, led by Yunhui Capital, followed by Bohang Capital, Entropy Yiguanxi and Cuihu Fund. The funds will be mainly used for team expansion. , Business scope expansion and the construction of manufacturing and processing centers, Sina Capital acts as the exclusive financial advisor.

SQUARE is a company continuously reported by 36Kr. It started its formal operation in June 2018. Its business scope covers the customization of machine vision and industrial data platform software, the customization and development of industry intelligent vision equipment, the design of optical imaging systems, and the integration of visual production data. Etc., to provide industrial manufacturing enterprises with full-stack visual services and enterprise-level solutions.

Since its inception, SQH has applied advanced visual technology to actual industrial production scenes. Its self-developed Sirius cloud vision software platform can connect multiple industrial cameras at the same time, deploy multiple customized vision algorithms, and provide manufacturing companies with all-round and multi-dimensional production through data collection of the entire production process vision system and production equipment. Data feedback to help them improve production line efficiency, reduce production costs, and improve product quality.

Sum of Square focuses on the defect detection of irregular products. The main application industry of its own brand Insvis is the defects of transparent material products in the field of medicine and medical equipment (contact lenses, optical lenses, medical consumables, light guide materials, glass products, etc.) Detection.

At present, Squaring’s spectacle optical lens testing equipment has entered into many world-renowned contact lens manufacturers and foundries, many well-known optical lens manufacturers and well-known medical device manufacturers, including Southeast Asia, China, and Taiwan. , And replicated the products of multiple production lines.

“With the hotness of the color-printed eyeglass lens (cosmetic contact lenses) industry, contact lenses have begun to jump out of the category of traditional medical devices and enter the category of consumer goods. Contact lens manufacturers in Asia have expanded their production on a large scale, and the impact of the epidemic has also caused Manufacturers are more aware of the importance of automation and intelligent equipment requirements. This is a big plus for technology companies like us that provide smart detection solutions. In this year, Square Sum’s business has increased by nearly three times compared with the previous year. Said Fanghe CEO Cai Zhonglun, “Our goal is to extend the intelligent manufacturing system to the entire process of industrial production enterprises through the visual inspection system, and to combine visual inspection with the manufacturing process to improve the overall production efficiency and quality.

Square sum Insvis intelligent inspection production line

Compared with traditional inspection methods, SQUARE vision equipment has also achieved a significant improvement in inspection efficiency. Take contact lens testing as an example. At present, the square sum standard contact lens testing equipment can complete the detection of about 3,000 pieces per hour, and the more advanced equipment can reach more than 6,000 pieces per hour. Generally speaking, a production line using the sum of squares solution can easily replace 10-20 workers. Manual replacement is only one of the advantages of using smart devices. The greater benefit is that the testing standards of the equipment are more uniform and more repeatable than manual testing.

“These programs can be determined according to the needs of customers. At present, our programs have achieved 80% standardization, and there is still room for user customization.” Cai Zhonglun said.

In addition, Cai Zhonglun also told 36 krypton that after more than 2 years of business implementation, the company found that in addition to the detection end, the automatic collection of industrial production data of many manufacturers was relatively weak, and there were data incompatibility and discontinuity. The production line There is a lot of room for improvement in the overall level of intelligence.

Sum of Square’s vision for future smart factories

In order to solve this problem, Sum of Squares decided to expand the original point-shaped layout of intelligent inspection equipment and intelligent systems to the various process sections of the production link. The quality control of each process section is carried out through visual inspection to cover the entire production line. Copy to multiple production lines. For example, from the final physical or surface flaw detection in the production of glasses, the whole process of the entire industry chain is gradually tested, including printing, injection molding, parting, cleaning, and late packaging inspection.

“We believe that only by deploying enough hardware terminals can we collect enough data to maximize the effect of software and data. For example, using visualization technology to present overall industry data to customers, and then using artificial intelligence and other data analysis methods to give A guiding early warning or feedback for companies helps them improve processes, increase production capacity, and achieve more efficient factory operation efficiency.” Cai Zhonglun said, “This is also in line with our original vision of forming centralized data collection and feedback in the cloud. In the past. We have been practicing this process for more than three years.”

In the future, SQH will continue to expand more scenarios in the pharmaceutical and medical device industries, and gradually explore more other industrial scenarios.

It is reported that SQH received the angel round investment from Hongtai Fund in June 2018, and the ten million yuan angel + round financing from Mingshi Capital and Hongtai Fund in February 2019; in November of the same year, it was led by Boyuan Capital. , Mingshi Capital invested tens of millions of yuan in Pre-A round of financing.

About investment:

Yunhui Capital Comments

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