AI startup aims to disrupt electronics manufacturing
Implementing AI and big data technology, the company’s software technology detects counterfeit, defective, and tampered components – including hardware-based cybersecurity threats – before or during placement. The software inspects, qualifies, and tracks every component and every electronic board.
With its technology, says the company, 100% of components are checked and provide surgical traceability, thus eliminating any possible use of counterfeit, damaged, or tampered components.
“Today, in the midst of the global supply chain crisis, electronic manufacturers across multiple industry verticals struggle to meet ever-growing customer demand while keeping quality a top priority,” says Zeev Efrat, CEO at Cybord. “The need to acquire components in the free market and not only from well-established suppliers increases manufacturers’ exposure and vulnerability to significant quality issues. These issues can have direct, sudden, and costly effects on their ability to produce quality products.”
Dr. Eyal Weiss, Cybord’s founder and CTO adds, “Cybord’s proven technology allows leading industry players to implement the Zero-Trust approach. As the global shortage in electronic components becomes chronic, this becomes a competitive edge which helps our customers generate more revenues, lower their costs, and increase their profitability.”
The investment round was led by IL Ventures, a VC fund focused on transformational technologies for legacy industries, and joined by NextLeap Ventures, with co-investment by the Israel Innovation Authority.
Elad Frenkel, Managing Partner at IL Ventures says, “Cybord’s proprietary technology is already deployed, serving FLEX and other global industry leaders at several manufacturing sites globally. The company has made remarkable technological and commercial achievements to date. By now, Cybord scanned over 1.2 billion components while supporting high production volumes with value delivered every day. We are confident this genuinely disruptive AI technology will change the entire industry, solving a multi-billion-dollar pain of the electronics industry.”
The company says that it will use the proceeds from the investment round to advance its R&D and product offering as well as to expedite business growth into additional verticals such as telecom, automotive, defense, and healthcare.