With factory downtime up 319%, Cerrion secures €15.6 million to scale its AI video-agent platform

Zurich-based Cerrion, a developer of an AI video agent platform for real-time issue detection in manufacturing, has secured €15.6 million in Series A funding. This investment highlights the growing European focus on leveraging AI to enhance industrial processes and reduce operational costs. The funding round signifies a surge of interest in AI-driven solutions within the European manufacturing sector, with Cerrion positioned to expand its operations in both the US and Europe. The funding round was led by Creandum, with participation from Y Combinator and other existing investors, as well as several prominent angel investors. Cerrion's AI technology, designed to detect and resolve production line issues, has already been deployed across three continents and fifteen countries. Cerrion aims to support factory workers with AI video agents to monitor potential problems. This investment underscores a trend toward specialized AI applications in manufacturing, addressing challenges such as rising downtime costs and supply chain complexities. Cerrion’s technology promises to address problems up to 50% faster, thereby cutting downtime and waste. This technology empowers human operators to detect and respond to issues, triggering alerts and updating personnel instantly, which can impact the global manufacturing industry. The increasing investment in AI-driven manufacturing solutions reflects Europe's strategy to become a leader in AI innovation. This funding round, along with other recent investments in the sector, supports Europe’s “quiet AI advantage” in domain-specific innovation.