Yokogawa Electric Corporation announced that it completed the acquisition of all shares in Denmark-based Grazper Technologies ApS, as mutually agreed. Grazper has developed advanced artificial intelligence (AI) technologies for analyzing images, and Yokogawa aims to leverage these technologies within its various existing businesses and to develop new industrial AI solutions.
Grazper is a venture company founded in Copenhagen, Denmark in 2015, and later funded by Danish venture capital firm Promentum Equity Partners. It possesses advanced AI-based technologies for image analysis, and one notable strength is a solution that allows AI software to run efficiently on a field-programmable gate array (FPGA), a type of integrated circuit. The software employs image recognition methodologies that have been theorized using algorithms and 3D modeling, and it can be operated with limited computing resources.
Yokogawa is developing and providing AI-based solutions for plants and public infrastructure projects. Acquiring Grazper's technology will enable the company to provide solutions that use AI for image analysis, such as capturing image information for robots, detecting abnormalities at plants, and monitoring security using cameras. As a first step, Yokogawa's subsidiary, amnimo Inc., will embed Grazper's FPGA IP core into its Edge Gateway industrial LTE gateway, which is currently under development. This will make possible solutions for smart city projects and security applications targeting airports and railways.