~ Founder of the Autonomous Machine Vision category acknowledged as a game-changing company ~
On April 29, 2020, the Red Herring judging panel announced the winners of its highly competitive Top 100 Europe Award. Inspekto, the German-Israeli company founder of the Autonomous Machine Vision category, was one of the companies to receive the prestigious recognition, which celebrates the achievements of visionary enterprises and their potential to revolutionise their respective industries. The judges were impressed with Inspekto’s revolutionary approach to industrial machine vision inspection, rapid growth, and renowned customers.
The Red Herring Top 100 Award recognises the potential of top private companies to revolutionise their respective sectors. The competition is fierce—in 2020, approximately 1,200 companies entered the award in the European region. In the past, Red Herring’s editors were among the first to recognize that companies such as Alibaba, Facebook, Google, Skype, Spotify, Twitter, and YouTube would change the way we live and work.
Inspekto was selected thanks to the impact that its product, the INSPEKTO S70, is having on machine vision for quality inspection. The INSPEKTO S70 is the world’s first standalone and generic product for quality assurance (QA). It can be installed autonomously by end-customers in about 30 minutes, without relying on a systems integrator or a machine vision expert. That is because the product is self-learning, self-setting and self-adjusting—in other words, fully autonomous.
In bringing the INSPEKTO S70 to manufacturing plants in every sector and geography, Inspekto has reinvented industrial vision inspection and developed exactly what the market needs. For the first time, QA managers are given control of their vision inspection solution—thus having full control of their production line.
While being highly affordable and immediate to install, each INSPEKTO S70 deployed carries a dramatic impact on productivity and profitability.
“The INSPEKTO S70 is not just the next step in the natural evolution of vision inspection technology—it marks the beginning of a completely new era for this sector,” explained Harel Boren, CEO and co-founder of Inspekto. “Unlike traditional vision inspection projects, the INSPEKTO S70 is a standalone product. This puts the end user at the forefront by enabling independent and immediate installation.”
“The INSPEKTO S70 employees three unique AI engines working in tandem within one generic product. It is ready to go in minutes, straight out of the box. Autonomous Machine Vision is currently an uncontested market space, since no other companies can offer products even remotely similar in terms of autonomy and immediacy of installation,” added Yonatan Hyatt, CTO and co-founder of Inspekto.
“In 2020, selecting the top achievers was by no means a small feat,” added Alex Vieux, publisher and CEO of Red Herring. “But after much thought, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Inspekto embodies the vision, drive and innovation that define a successful entrepreneurial venture. Inspekto should be proud of its accomplishment, as the competition was very strong.”
With its disruptive technology, Inspekto is determined to dominate the multi-billion-dollar vision inspection market, converting every single plant across industries and geographies to Autonomous Machine Vision.