KITOV Systems
Industrial automation and robotics are taking over many manual tasks in manufacturing.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $10.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 8 % | 7 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Kitov Systems, founded in 2014, specializes in developing fully automated visual inspection solutions for a wide range of production lines and markets. The company's core product, Kitov CorePlus, was launched in mid-2016 and has since been successfully deployed by Tier 1 customers across Europe, China, Malaysia, USA, Mexico, Japan, and Israel. Kitov Systems operates in the industrial automation sector, serving clients in electronics, automotive, medical devices, and other manufacturing industries. The business model revolves around selling and servicing advanced inspection systems that leverage cutting-edge computer vision algorithms to detect and judge defects, thereby replacing human inspectors in tedious quality control tasks. Revenue is generated through the sale of these systems, along with ongoing maintenance and support services. The company has received significant funding to scale up operations and increase market penetration, with investments from RSBG, the HAHN Group, and Global IOT Technology Venture GiTV.
Keywords: automated inspection, visual inspection, computer vision, quality control, manufacturing, industrial automation, defect detection, production lines, Kitov CorePlus, Tier 1 customers.