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Kalon Venture Partners Backs visionAI

Staff writer
Oct. 22, 2024, 11:57 a.m.
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Kalon Venture Partners has invested an undisclosed sum in visionAI, a leader in artificial intelligence and computer vision solutions.

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Kalon Venture Partners has invested an undisclosed sum in visionAI, a leader in artificial intelligence and computer vision solutions.

This funding will fuel visionAI’s growth as it continues to transform not only the manufacturing and supply chain sectors but also a wide array of industries through its innovative AI-driven technology.

Kalon Venture Partners is known for investing in innovative, high-growth companies, and visionAI aligns perfectly with their strategy. 

Leron Varsha, Acting CEO of Kalon Venture Partners, highlighted the disruptive potential of visionAI, stating that visionAI is set to transform the visual intelligence landscape. 

“The combination of their exceptional team and innovative technology positions them as leaders in the AI space. We are thrilled to support their growth journey,” he said.

visionAI has been making waves by helping manufacturing and supply chain operations leverage their existing CCTV camera feeds with visual AI to track business critical metrics that lead to increased productivity, cost savings and reduced operational risk. 

The partnership with Kalon Venture Partners will further empower visionAI to redefine the use of AI in these sectors.

visionAI is the brainchild of the leaders at Mint Technology Group, a leading global Microsoft partner recognised within the top 1% of Microsoft’s Global AI systems integrators.

Trevor Ahier, Chairperson and Co-Founder of visionAI, said: “We are delighted to welcome Kalon Venture Partners on board. Their investment highlights the substantial impact our visual AI technology is already making across South Africa, the UK, and Australia, while signalling the immense growth potential ahead. Together, we look forward to advancing AI innovation to further enhance operational efficiency.”

With this latest investment, visionAI is poised to enhance its product development and extend its reach, enabling businesses to leverage AI for smarter, data-driven decisions.

Peter Reid, CEO and Co-Founder of visionAI, added: “This partnership with Kalon Venture Partners is a major milestone for visionAI. Their support will help us scale our offerings and redefine the potential of AI across the manufacturing and supply chain sectors. We aim to make visual intelligence an essential driver of operational excellence and industry-wide transformation.

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