Predict your next investment

Wizata company logo
SOFTWARE (NON-INTERNET/MOBILE) | Manufacturing, Warehousing & Industrial Software
wizata.com

See what CB Insights has to offer

Founded Year

2014

Stage

Series A | Alive

Total Raised

$4.79M

Last Raised

$3.02M | 1 yr ago

About Wizata

Wizata offers AI solutions for the manufacturing industry and the exploitation of natural resources, with great expertise in the metallurgical field. Dedicated to complex production scenarios, Wizata leverages AI and data science to address the key challenges of Industry 4.0 and deliver solutions in three key areas: production process optimization, quality assurance and predictive maintenance.

Wizata Headquarter Location

Avenue Louise 523

Brussels, 1050,

Belgium

+352 27 87 27 1

Latest Wizata News

Wizata Confirms Its Growth By Closing A New Round Of Funding

Feb 24, 2021

Wizata Confirms Its Growth By Closing A New Round Of Funding / The Luxembourg startup keeps growing and attracting industrial partners. While a substantial amount has been raised, the exact numbers can’t be shared yet. But the big news is that Finindus completes Wizata’s latest funding round led by Volta Ventures and KBC Focus Fund, and backed by the original founders and initial investor, Expon Capital. Photo: Jean-Philippe Hugo, CEO of Wizata / Credits © Eric Devillet Can you tell me about the tools developed and services offered by Wizata? Wizata provides industrials an AI-ready, data-driven platform, enabling them to develop and deploy their proprietary models. Developed around its Digital Twin technology, the platform enables monitoring of production processes, with anomaly detection models, fast and enriched root cause analysis with Machine Learning algorithms, and ultimately, deployment of AI process control. Leading companies in the material sector such as ArcelorMittal, Aperam, Carmeuse, Ceratizit, and Lafarge Holcim are leveraging the Wizata platform to autonomously increase their yield andimprove asset health and performance, all the while ensuring a high level of quality by avoiding defects. Companies want to avoid the vendor lock-in mechanisms built into most platforms to maintain their competitive advantage. With our open platform, customers have full control of their data and models. They don’t have to share it with anyone and can keep their knowledge and their trade secrets to themselves. What major evolutions has Wizata experienced over the last three years? The Wizata platform has undergone major evolutions during the past three years. The team integrated Wizata’s experience from successful industrial process optimization projects and packaged it in a next-generation industrial AI and IoT platform. What makes us successful and fundamentally different from existing solutions is that we understand that customers don’t want to share their industrial secrets, such as production recipes and methods, and that’s why the Wizata platform is built on privacy-by-design concepts where data, models, and IP are controlled exclusively by customers, and are not available to us or competitors. “The raw materials industries market is mature and making its digital transformation.” The platform provides a vast self-service experience for a wide range of industrial applications – starting from condition monitoring of assets to autonomous production. The platform manages the complexity of implementing these cutting-edge technologies so that customers can focus on their core business and generate more value. Major highlights include an integrated digital twin based on the meta-and hypergraph foundation to enable modelling of complex manufacturing processes, stream intelligence jobs to empower users to deploy artificial intelligence, expert systems (with embedded Python coding) and rules (with a visual drag & drop editor) to production, events and alerts management, insights visualization through logical diagrams, and dashboards with specialized widgets, advanced interactive data analytics, granular user access and permission management. The Wizata platform is available via a web application and a mobile application to use right from the production lines. You have just completed a new round of funding. Who are your (new) partners? Finindus completed the latest funding round led by Volta Ventures and KBC Focus Fund , and backed by the original founders and initial investor, Expon Capital . Finindus is an investment company funded by ArcelorMittal and the Flemish Region, and is linked to OCAS, a world-class metal research centre. Volta Ventures provides (pre)seed and early-stage financing for software & internet companies that originate in the Benelux. KBC Focus Fund is a €50 million venture capital fund that invests in advanced technologies with a particular emphasis on semiconductor, nanotechnology, and IoT. We’re grateful that we could build upon the support of partners – such as Expon Capital and the Digital Tech Fund, the Ministry of Economy, Luxinnovation, Chamber of Commerce, and FEDIL – in Luxembourg since the start of Wizata. What’s next? And what are your expectations for the next three years? The raw materials industries market is mature and making its digital transformation. What was missing was a production-ready platform that allows them control of their data to facilitate the implementation of intelligent solutions and AI into real production. It’s the perfect storm, the team will continue to work on our international expansion and to support the needs of our customers that are scaling their solutions into different production lines and plants globally. We’ll be expanding our sales efforts, which should be easy with our track record of successful deployment of Industry 4.0 and AI solutions into production with a high return-of-investment for our customers. The Wizata team will be expanding its partners’ networks to grow its sales capacity, and engage with customers wishing to become partners and resell our solutions in different verticals after they’ve tailored it for their specific industry and sub-industry sectors. Share

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Wizata

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Wizata in 2 CB Insights research briefs, most recently on Jun 4, 2020.

Expert Collections containing Wizata

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wizata is included in 4 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

7,895 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

A

Advanced Manufacturing

1,078 items

I

Industrial Predictive Analytics

53 items

Software that helps operators predict maintenance events, downtime, and energy usage.

D

Digitization & Automation In Manufacturing

275 items

Companies in discrete manufacturing focused on improving efficiency through digitization and automation.

Wizata Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Wizata Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.