Machine Can See Completes a Successful Pre-seed Funding Round!
Belgrade - August 1, 2020
We are excited to announce that we have successfully raised a Pre-seed investment from the Innovation Fund of the Republic of Serbia that grants funds to the most promising Tech startups in the region. The funds will be used to support the development of new Visual AI solutions.
The new investment round will enable Machine Can See to further capitalize on its position as an emerging leader in the Computer Vision industry in Serbia, Europe, and internationally. New product innovation is a key area of focus for Machine Can See, which will enable our clients to better process image sources to extract meaningful information and make better decisions. The funding will also drive further international expansion.
Vladan Damjanovic, CEO & Co-founder at Machine Can See says:
“ With the exponential growth the company witnessed in the last quarter of 2019, our main aim was to expand our global reach and build a strong leadership team to deliver more innovative solutions that help our clients and customers in making smarter decisions based on reliable data. Our main objective was to come out of this pandemic stronger than before.”
About the Innovation Fund of the Republic of Serbia
The Republic of Serbia Innovation Fund aims to contribute to the country’s economic development, facilitate the bridging of the technology and development gap, by promoting enterprise innovation through various financial instruments, particularly by fostering the establishment of new and strengthening the existing companies, by positioning them to access venture capital markets and serve as the key state actor in developing innovation entrepreneurship in Serbia.
For more information please visit: http://www.inovacionifond.rs/