Yokogawa
Acquisition of AI company completed
Yokogawa has acquired all shares in Grazper. The Danish company specializes in artificial intelligence technologies for image recognition and image analysis.
Yokogawa develops and distributes AI-based software solutions for industrial plants and public infrastructure projects. With the technology acquired from Grazper, the company can now also offer solutions that use AI for image recognition and analysis, such as capturing image information for robots, detecting anomalies on equipment and security monitoring with cameras.
As a first step, Yokogawa's subsidiary Amnimo will integrate Grazper's FPGA IP core into its industrial LTE gateway 'Edge Gateway', which will be launched soon. This will form the basis for solutions for smart city projects and security applications for airports and railroads.
Grazper was founded in Copenhagen in 2015 as a start-up company and was later financed by the Danish venture capital company Promentum Equity Partners. The company develops AI-based technologies for image recognition and image analysis and has made a name for itself primarily with a software solution that enables AI software to run efficiently on an FPGA, a digital integrated circuit. The software uses image recognition methods that have been theorized using algorithms and 3D modelling and can be operated with limited computing resources.
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