DataProphet, the South African firm, founded by Frans Cronje and Daniel Schwartzkopff, provides AI-as-a-service software in the manufacturing sector and is announcing the completion of its $10 million Series A round.
Cronje, the company’s CEO, says that DataProphet’s focus on providing end-to-end prescriptive AI for manufacturing plants to improve their yield started in 2017.
The company provides prescriptive advice and suggested changes to manufacturers’ recipes to avoid making the defects that cause their products to be scrapped or reworked.
The company says its flagship AI solution, PRESCRIBE, has helped its clients experience a significant and practical impact on the factory floor, reducing the cost of non-quality by an average of 40%.