Cerrion raises $18M to reduce factory downtime with AI video agents

Cerrion, a Swiss-founded AI video agent platform, has secured $18 million in Series A funding, signaling growing interest in AI-driven solutions for the manufacturing sector. This funding round, led by Creandum, will enable Cerrion to expand its operations in both the US and Europe, reflecting the increasing need for efficiency improvements within the industry. The platform uses AI to detect and resolve production line issues in real-time, which could have significant implications for European industrial competitiveness. Cerrion’s AI video agents monitor factory operations, identifying process deviations, quality issues, and safety risks. This technology allows manufacturers to resolve problems up to 50% faster, thereby reducing downtime and minimizing waste. The platform is currently used by manufacturers such as Unilever and Schott Zwiesel, indicating its applicability across diverse industries, from glass to food production. The platform addresses the substantial costs associated with factory downtime, which amount to an estimated $1.4 trillion annually for global manufacturing. By implementing automated intervention alongside human oversight, Cerrion's technology promises to significantly reduce these losses and improve operational efficiency. This technology is particularly relevant in Europe as it seeks to strengthen its manufacturing base and reduce its reliance on external supply chains. Cerrion aims to double its headcount in both Europe and the US with this funding, and expand its platform's capabilities. This expansion will likely include supporting a broader range of manufacturing processes and attracting more customers. This move reflects a broader trend of European investment in AI solutions designed to boost industrial competitiveness and efficiency.